Hi

Kindly guide if some one has deducted Rs 9000 as tds in fy 2021-22 and at the time of filing of income tax return liability Came Rs 14000/-and i have deposited Rs 5000/-under self deposit before 31st july 2022 along with itr.Now my question about advance tax liability as during financial year my liability crossed Rs 10000/-.Is there any liability under 234f ? when full tax paid at the time of return filing?

Mr. X (Not a Doctor) owns a Hospital. He employees Doctors and pays them salary. Does the Income of Mr. X from the Hospital eligible to be taxed U/s 44AD. Or is it considered a Profession to be taxed U/s 44ADA. Please suggest, along with case laws or notifications if any. Thank you in Advance.

Dear Sir,

I have the query in TDS on salary.. here in the xyz co deducting TDS 10% directly on the salary.
is there any problem if I continue the same?
I told them the calculation but here they ask me to deduct the same?
what i have to do?

Dear Sir, while depositing Tax for AY 22-23 I wrongly deposited Tax In Ay 20-21 (Section 400) Amounting to RS 70202 . How can i Correct the challan & claim refund.

I AM SELLING UNQUOTED EQUITY SHARES LESS THAN THE BOOK VALUE. HOW TO WORK OUT OUT THE LONG TERM CAPITAL GAIN TAX. IS THERE ANY MISTAKE IN TAKING THE ACTUAL SALE AS SALE CONSIDERATION WHILE WORKING THE TAX.
ONE MORE THING, CAN I PAY CAPITAL GAIN TAX AT 10% WITHOUT INDEXATION. STATUS IS RESIDENT.
KINDLY HAVE YOUR OPINION

Query 1. 44ADA and ITR under Normal provision.

I had disclosed income under 44ADA in AY 21-22. Now in AY 22-23 I want to opt out of 44ADA and disclose income by filing return under normal provision giving all the details of P&L and B&S declaring income less than 50%. Can I show it by filing ITR 3 or do I have to file ITR with audit since income is less than 50%.


Query 2. Is Franchise income is Professional Income???.

Client has franchisee of Pathology Lab and has blood Collection Center of Pathology Lab. TDS is being deducted under 194JB. The nature of income is not profession as such because it is only a collection centre. I thought to show it as business income but I feel ITR will not get process since TDS deducted under 194JB. What can be the appropriate measure in this regard.

I am holding unlisted which were purchased more than 40 years ago. I had 1,500 shares which were reduced to 900 shares on capital reduction.
How to calculate tax liability on sale of these shares?
Is there any basic exemption limit?

Regards
P S Gupta
Mail id: psgupta1@gmail.com
Mobile: 9903479357

Educational Institutions turnover above 2 crores shall we file IT Return claiming exemption u/s 10(23C)(iiiad)

Dear Sir,
Please suggest Comparative Figures and frame work so that its easy to me for audit
Assessee has not disclosed the
comparative figures in the books of accounts as required by the framework of ICAI related to presentation
of financial statements

what is the process for condonation of Delay if Trust had filed late form no. 10B? In how many days condonation of delay will be given?