1.An individual provides services to a company. If we are not taking into account any sums limits, what options are available for not withholding TDS by a company when paying out to individuals?

Dear Associates,
Request you to clarify a MBBS student is acquiring his/her PG studies from National Board of Examination Diploma (NBE Diploma) in any specialization, they will get Rs. 35000/- for their first year of study and Rs.37000/- for their 2nd year study as a stipend.

Is the stipend is taxable under Income Tax 1961 'or' stipend is exempted from Income Tax. Request you to give some updates on this.

One of my friend purchased F.D ( online transfer only no cash deposited) at SBI for morethan 10 lakhs only for one month, after that he cancelled the F.D. But now he received I.T Notice regarding purchase of time deposits
Please help me how to reply to I.T Department

Respected Sir
One Of My Client doing business of sale and purchase of Used Cars

My question is in income tax return how to show this transaction, as purchase and sales or i can show only brokearge income

and if i show as brokerage income then can i opt 44 ad ?

Mr. A received notice u/s 148 as on dated 16.04.2021 . The income chargeable to tax that has escaped assessment amount is below 50 Lakhs. No new notice u/s 148A(b) issued by the department. Whether the Notice u/s 148 is still valid or not ??

Sir/Madam,
My client opted for rule 15BAC at the time of filing a return for A.Y.2021-22 , But in A.Y.2022-23 he filed a belated return after the audit. But was not able to file form 10 -IE for his withdrawal of the 15 BAC option, So, at the time of filling the mentioned 15BAC he mentioned 'continuing to opt', But he deposited the tax in the old regime, so, ITR -V showing a refund. I think 10-IE filling is not possible in case of a belated return. Is his tax calculated in the old regime at the time of assessment without filling out a 10-IE ?

Greetings,

My mother( senior citizen) has bank fd interest income of Rs. 41800 in FY 21-22. This was her only source of income. Now we got a notice on her name stating to file belated ITR.
I don't understand as income is less than basic exemption of 2,50,000.

Does she have to file ITR ? If yes, which ITR and sections to be used ?

Kindly suggest me.

If a person provide digital marketing service through google ad, would this be cover under 44ADA or 44AD ?

To file a revised return, tax audit report also file again?

Thanks in advance.

Dear Sir/Madam,

One of my friends has got the following message from Income Tax Department:
Attention (Name of the person) (PAN), Based on the available information with Income Tax Department, it appears that you were required to file ITR for AY 2022-23 but have not filed yet. Please file your ITR or submit online response under e-Campaign tab on Compliance Portal.

Here, his income is below Rs.2,50,000/-. There are some transactions relating to purchase and sale of mutual fund and shares in his Annual Information Statement.

Please advise whether he should file ITR or submit online response.