Satyanarayana Mvv
This Query has 3 replies

This Query has 3 replies

27 December 2022 at 13:44

Tds deducted on minors PAN

I have clubbed my son's dividend income into my income and claimed tds deducted in his (minor) PAN, but intimation of 143(1) received from cpc, it shows mismatch of tds which I claimed tds deducted on minors PAN, can u please give me solution for the same, When we club income of minor into parents income , cant we claim minor tds


vikrant
This Query has 1 replies

This Query has 1 replies

27 December 2022 at 12:53

TDS NOT HOLDING

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?


SURYA NAGARAJU GANTI
This Query has 2 replies

This Query has 2 replies

27 December 2022 at 12:13

Income Tax deduction on Stipend

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.


Praveen
This Query has 3 replies

This Query has 3 replies

27 December 2022 at 12:00

Income tax notice on SFT005

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


Javed Memon
This Query has 1 replies

This Query has 1 replies

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 ?


Suresh S. Tejwani
This Query has 3 replies

This Query has 3 replies

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 ??


Dibyendu Majumder
This Query has 3 replies

This Query has 3 replies

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 ?


sai
This Query has 3 replies

This Query has 3 replies

26 December 2022 at 13:33

ITR filing for senior citizen

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.


Chitsimran Singh
This Query has 10 replies

This Query has 10 replies

25 December 2022 at 22:59

Taxation of Digital marketing

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


G Prathiba
This Query has 3 replies

This Query has 3 replies

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

Thanks in advance.






CCI Pro



Answer Query

Company
ARTICLESHIP 04 September 2026
Accounts Executive

Hema Yashwanth & Associates

Chennai

B.Com

View Details
Company
25 August 2026
Senior Accountant

MG Associates

New Delhi

CA Inter

View Details
Company
27 August 2026
ACCOUNTANT

CHARUPREETI & CO

Noida

Graduate (Any)

View Details
Company
14 August 2026
Article Assistant CA Articleship

Eshwar & Co Chartered Accountants - Nungambakkam

Chennai

CA Inter

View Details
Company
04 September 2026
CA inter Or ca finalist

A Jaiswal and company

Lucknow

CA Final

View Details
Company
19 August 2026
PAID ARTCILE ASSISTANT

My Legal Tax Consultants Pvt. Ltd.

Noida

CA Inter

View Details
Company
ARTICLESHIP 24 August 2026
Chartered Accountant Articles

Rohit KC Jain & Co

New Delhi

CA Inter

View Details
Company
18 August 2026
CA Semi Qualifies

Goyanka and Associates

New Delhi

CA Inter

View Details