DEAR SIR / MADAM

IF TCS ON SALES NOT MADE WHAT IS THE PENALTY OF TCS ON SALES
IF TDS ON PURCHASE NOT MADE WHAT IS THE PENALTY OF TDS ON PURCHASE IN INCOME TAX
PLEASE SUGGEST SIR

Dear All,

Can i avail benefit of new tax regime u/s 115BAC while I am declaring business income u/s 44AD?

Thanks
Nirmal

Hi

Kindly guide i have to file income tax returns for Ay 2020-21 and Ay 2021-22 under condonation of delay filing but when i am trying to raise a request on efiling portal for condonation of delay but unable to find and raise any request under condonation of delay button.so kindly guide how to raise condonation request for non filing of return for ay 2020-21 and 2021-22.I also prepared mannual application request mark to joint /principal commissioner .

Hi

Kindly guide in Ay 2021-22 i am filing itr U for itr 4 and after validating and generation of json file in excel utility of income tax following message is coming json successfully in path but in actual path i am unable to find json file and only original file of utility is coming in path so due to this i am unable to upload json file on portal .i have tried number of times but no result kindly guide the same how to get json file in path.is it technical error or other error?

During the Financial Year 2017-18 TDS on Sale of Immovable Property deducted by purchaser on the basis of payments made by him to the seller. TDS Return submitted by the purchaser and accordingly issued Form 16B. The TDS is reflected to Form 26AS of FY. 2017-18. However the sale deed is executed in next financial year i.e. FY 2018-19. While submitting the return of Income for the F.Y. 2017-18 the seller has carried forward the TDS to next financial year and while submitting the return for the F.Y. 2018-19 seller has made the claim for refund. As the sale deed is executed in F.Y. 2018-19 seller has reported the income while filing the return for the F.Y. 2018-19. In this issue CPC has not taken the credit of TDS under Form 26AS pf F.Y. 2018-19. Due to the reason the refund is still not received.

Please guide / give the suggestions what to do for obtaining the refund.

DEAR SIR,

I HAVE FILED INCOME TAX RETURN FOR A FARMER. HIS TOTAL AGRICULTURAL INCOME MORE THAN 2173491/- DECLARED LESS EXPENDITURE 1661871/- INCOME DECLARED RS. 511620/- ACTUALLY I HAVE FILED INCOME FULLY EXEMPT U/S 10(1) BUT I HAVE RECEIVED NOTICE U/S 154 RECTIFICATION AND DEMAND DUE OF RS. 2420/- LESS AFTER REBATE OF 12500/- TOTAL TAX LIABLITY 14920/-. ACTUALLY BY MISTAKENLY FILED ABOVE 5 LAKHS SHALL WE FILE REVISED RETURN OF INCOME OR FILE RECTIFICATION REQUEST U/S 154.

PLEASE GUIDE ME

REGARDS

Hi All,

I had sold some mutual fund in April 21-(AY-2022-23) and unlisted shares( received as part of ESOP) and invested the proceeds in Purchase of residential flat. However the flat is still not ready for occupancy and OC has not been recevied.
Can anyone guide if the capital gain on sales of shares / mutual fund would be exempt if its invested in proeprty?
If yes what should be the criteria to claim the same?
And to what extent the amount would be exempted.
Please guide in a bit detail to arrive at some conclusion on exemption u/s 54.

Thanks,
TS

I filed my ITR (belated or after due date) for AY 21-22 in march. Filed my return as per new tax regime and also filed form 10 IE. Today I got intimation order in which tax was calculated in old tax regime. And also no deduction U/s 80C were considered. There was no clarification from department about belated return for new tax regime. Please guide. Thank you

Sir

Petrol pump dealer at the time of purchasing petrol & diesel getting tax consession.
I want to know why this tax consession and what purpose.
and under what head in tally it will come.
Plz advise

Sir, Is Tds Applicable for payment gateway charges... If it is applicable pls mention the tds rate under which section? The party are mentioning the Hsn code is 997159. Please clarify