NASEEM A. KHAN
This Query has 1 replies

This Query has 1 replies

30 November 2022 at 17:13

SECTION 80G donation

Sir,
How much money a businessman can donate under section 80G and
How much money a salary person can donate under section 80G ???


Pradeep _108
This Query has 2 replies

This Query has 2 replies

30 November 2022 at 15:58

154 notice -Rectification request

In the original ITR filed for AY 2020-21 , TAN of the deuctor mentioned wrongly and got the demand notice for the entire tax , though Tax paid and reflecting in the Form 26AS .
Then rectification filed through offline mode with the help of Tax consulatant . The issue what I am seeing in the site is when try to respond to the Oustanding demand , while entering the Ack no: of rectification filed at CPC , getting the error """No records found for revised/rectified return for the assessment year """ . So my questions are why this error is getting when trying to give Response to outstanding demand . Also the process used to rectify TAN number mistake is correct ? If not what I need to do .
Thanks


SHA
This Query has 1 replies

This Query has 1 replies

29 November 2022 at 09:42

Outstanding Demand - Please suggest

Hello Sir,
I filled my ITR for AY 2022-23 on July 2, 2022. I received a Defective notice u/s 139(9) on Sept 2, 2022. I did not respond to the notice. Instead I filed a Revised ITR on Sept 3, 2022 directly. Now I have received a Demand notice for Interest u/s 234A + Fee u/s 234F.
Please suggest what to do.


Kamalesh Guha
This Query has 1 replies

This Query has 1 replies

Dear Sirs,
What maximum time CPC takes in case of abnormal delay to credit the income tax refund amount to the validated Bank account of the assessee after he/she receives the intimation order from the CPC,Bengaluru for the ITR processed with refund due u/s 143(1)?


JAMAL KHAN
This Query has 2 replies

This Query has 2 replies

i had purchased the goods more than 1 crore for the current year i.e. 2022-23, should i have to deduct TDS while making payment & at what rate..???


Kollipara Sundaraiah online
This Query has 1 replies

This Query has 1 replies

28 November 2022 at 15:38

Refund issued for bank account link

Sir,
Assessess it returns filed AOP status f.y.21-22 refund amount rs:2 lacs.
No pan link validate bank account message received through on mail.
Question:
Assessess refund claim received procedure.


yogesh vijaykumar shah
This Query has 1 replies

This Query has 1 replies

28 November 2022 at 13:06

Repayment of loan by issuing cross cheque

Suppose X Ltd takes loan from the directors, A by way of cross cheque subsequently the said loan is repaid by way of issue of cross cheque duly issued in favour of third party on behal of Director A. Whether there is an issue from income tax point of view ? kindly advise us These transactions are reported in tax audit of X Ltd.


Ashim kr Ray
This Query has 1 replies

This Query has 1 replies

Sir,
I have contribute capital in my partnership firm from my personal saving account.
now what is the treatment of contribution in the books of my personal file . Whethers it will comes as loans and advances in assets side or dr side in capital account.
Please suggest.


Rajiv
This Query has 4 replies

This Query has 4 replies

Any one faces this issue ?

FVU file and 27A pdf are not getting created by RPU 4.4


Sanjay Thavi
This Query has 9 replies

This Query has 9 replies

which is more tax efficient source of income for people below 60yrs ?
mutual funds or bank FD ,
if this is only source of income ?
At what rate income will be taxed :
case 1)if Total income from Bank FD is Rs.5 lakh and it is the only source of income ?
case 2) If total incme from Equity MF LTCG is Rs.5 lakh and it is the only source of income ?
case 3) If total income of Rs.1 Lakh from Equity MF LTCG and 4 Lakh from Equity MF STCG and it is only source of Income.
--------------
1. is Sec 87A tax rebate of Rs.12500 so nil tax for income upto 5 lakh is applicable in which of above case ?
2. if principal amoutn + capital gains are reinvested in mutual fund is there any exemption (as in case of selling one house and buying other house, or captial gain bonds )
3. which of the above case 80C (ELSS, NPS, PF deposit) deduction can be claimed
4. Upto what extent the income from above source should be restricted, so as to after 80C deductions and 87A rebates tax will be zero .
5. Can we claim 80C and 87A on income from STCG or LTGC from Equity MF ?






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