Respected Sir
a stamp Vendor Who Deposited Cash in Saving account 13, 50,000 In F.Y.2021-22 He Received commission income 26759 after deducting TDS u/s 194H
he used stamp paper for affidavit and prepare Property Releted Documents He hardly earned 2lakhs in year for preparing property related documents

My question is if i show income u/s 44ad of rs. 5 lakhs rs and decalring 40 % income i.e. 2 lakhs and commission income 26759 then how ITO Relates declared income with Cash deposited Income of rs 13,50,000 .

is there any chance to get notice from Income tax Department For cash deposits.??

Respected Sir

Is TAN required for small business ?

Who is Liable to deduct tds and Required TAN for deducting tds
supppose if i pay Commission to one person For amount of 35000 in a year
am i liable to deduct tds and obtain TAN ??

One of my client attained majority in current year however for filing her ITR, IT department has not activated her portal also her mother who is her authorised representative, her account has been removed with filing option. I'm chasing IT department for more than four months and have already missed her original due date of filing ITR, however till now no access has been given. Whenever I call up the help desk I get no satisfactory answer to this looks like they are not able to resolve this issue. I have sent at least 20-30 emails raising this issue to efilingwebmanager id but there is no proper response or resolution to my query. My main worry is just a day left for filing IT return and no resolution provided by IT department till now. My appeal to all colleagues, have you handled any client with this kind of situation. Quick response on this will be highly appreciable. Regards CA Nikhil Dawda

Generally the I-tax refund becomes payable after the completion of the financial year. But if TDS which have been deducted in the previous year and credited in the current year To which period does the income belong and how to pass the accounting enteries if the income(due to i-tax refund) belong to previous year.

Sir, I have an interest income of 86000 and income from job work is 90000 during the FY 2021-22. TDS deducted from the job work is 9000 U/S 194JB. Now I am trying to file my ITR (4) for claiming back by TDS amount, its not allowing me to file, asking too many irrelevant questions. Can I file ITR 1 by showing my job work income under income from other sources..

How to pass Advance tax paid entry in books, Only "income Tax Receivable" account is available
please assist.

what are difference between Health Insurance ( Mediclaim) and Life insurance.

Many new features have been introduced by the Income Tax Department for uploading TDS/TCS returns through TDS_RPU_4.4 and after passing validation through the new FVU version 7.9. There is a new feature in the said FVU which is “TDS/TCS Input File Name With Path”. Kindly let me know what would be the “Input File Name” and from where to get it OR to be created.

Hi

Kindly guide we have received income tax notice 139(9) to file revise return due to some tds reconcilation .on mail communication received to take action before 29th december .On 29th we have revise our income tax return but we are unable to file intimation due to submit button in not active as last date showing there 28th december. But we have taken action on basis of email communication and date mentioned there is 29th december .Kindly guide is there implication when we have taken action to revise return on 29th december according to email communication .But unable to file intimation due to intimation date is 28th december 2022.And status showing in view filed return in revised return file in response in 143( 1) adjustment.Kindly guide what will be implications for the same.

Dear Sir,

I have Filed ITR-1 for FY 2019-20 income from Salary, Interest fd and tution income. In FY 2020-21 i filed ITR-4 income from tution fees, boutique income in FY 2021-22 please suggest which ITR form i shall file my income is tution income, Salary income interest from FD. No income from boutique. Can i go for ITR-4 or ITR-1

Kindly advise