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

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