LLP is having share of profit from partnership firm of Rs.48,89,582/- and fixed share capital of Rs.1,00,000/- does audit is required ???? Thanks in advance.

Send Us Computation for Mr. A for the A.Y. 2022-23
1) SALARY RECEIVED - Rs. 6,00,000.00
2) YEARLY BONUS RECEIVED -Rs. 50,000.00
3) Company Deduction Providend Fund - Rs. 43.200.00 Professional Tax - Rs. 2400.00
4) LIC paid - Rs. 70,700.00
5) House Building Loan Taken 01/05/2021 Rs. 900000 & for purpose total Interest (House Building Loan) paid Rs. 72640

If my wife’s parents gift her money for down payment for flat purchase, is a gift deed compulsory for income tax purposes? If yes can it be on plain paper or need to be on stamp paper? Money will be transferred using cheques or bank transfer. As a lineal descendant there will be no tax applicable.

Thanks

Sir
Kindly clarify the due date of filing the income tax return of Companies for Non Tax Audit cases for the FY 2021-22.

Thanks in Advance

Sir,
If there is a mistake in Form 26QB (acknowledgement is generated) and it is released before making payment of TDS payment. Is it necessary to correct that mistake through TRACES or simply we can forget this Form 26QB and generate new Form 26QB as payment of TDS is not made. Is there any problem in future for this wrong Form 26QB generated through TIN. Please guide if correction is neccessary through TRACES.
Thanks in advance

Please help which ITR form will be applicable for Trust formed for charitable purpose (a mandir) but the same is not registered under section 12aa?

Also, can anyone share details ( a link or a video) on how to file the itr for unregistered trust.

1) Taxpayer has been completed 2 years of presumptive income scheme section 44AD for Manufacturing Business.
2) For F. Y. 21-22 he is having profit from manufacturing business. and losses from future and option trading. his total turnover is below 1 crore.

Please suggest is he still eligible for presumptive income scheme section 44AD for manufacturing Business.

This Validation shown below is related to Category B/D Validation Rules.

Error : The exemption is allowable only on the sources of fund derived from property during the previous year.

Dear Sir,

My Assesses is filling his ITR after due date i.e. 31 Jul' 2022. Kindly advice, whether he will be liable for payment of Income Tax Liability along with Interest thereon or only Late Filing Fee will be applicable while filing his ITR.

Warm Regards,

Hi,
Need to get the format of letter for change of TAN no in one of the challan paid online