Hi All

Whether form 10F is mandatory for making foreign payments?

Is there any latest notification on the same?

Thanks in advance.

I have claim unknown TDS in my income tax return in FY-17-18 As per form 26 AS. and taken refund and after 5 years this credit is Nil in my 26 AS. so what can i do in this situation.. Please suggest me.. Can i pay or wait for notice…?

whether TDS deductible on payment made to GIDC for NAA charges ?

Hi,

I am a salaried taxpayer with my residential status for AY 22-23 being ‘Ordinary Resident’. I work for a semi-government organization and was transferred from Mumbai to Hyderabad in August 2021. I received the following allowances from my employer due to the transfer:

1. Lodging Allowance per day (for temporary hotel accommodation for a 2 month period)
2. Halting Allowance per day
3. Journey Fare (Air tickets purchased by me reimbursed by my employer)
4. Local Conveyance
5. Miscellaneous Expenses
6. Allowances for transfer of belongings (including a car)

The above allowances aggregate to about Rs. 5 lakh.

I request your guidance on whether I can claim any exemption under Section 10(14)(i) of the IT Act read with Rule 2 BB of Income Tax Rules for the aforementioned allowances. I have already filed my returns for AY22-23 in July 2022 and same is yet to be verified by the IT authorities. Will file revised returns accordingly.

Would appreciate your valuable guidance. Thank You.

DEAR SIR,

CAN WE ANY ONE CAN FILE FORM UPDATED ITR U FOR THE ASS.YEAR 2021-22. WHO IS ELIGIBLE FOR FILING ITR -U. ONE WHO CAN FILE IF PREVIOUS YEAR NOT FILED ANY INCOME TAX RETURNS BELOW TAXABLE LIMIT.

PLEASE CLARIFY ME

REGARDS

Dear Sir,

One of my client has transferred my professional fees in my company's Bank account instead of transferring it to my own account. My company is registered under GST.

My query is can I directly return the money to my client from my company's account as there was no bill issued by my company.

Please help me in this matter.

Regards,
Divyesh Jain

One of the clients is a real estate developer under proprietorship and the project has received completion certificate in FY 2122. In this case all the bookings have been received after the issue of completion certificate and hence no gst has been collected by the builder on the same.Till FY 2021 all the expenses related to project has been shown as WIP.

However a good amt of expenses has been made after the date of completion certificate w.r.t the project. What should be the treatment of such expenses?Should it be capitalised or treated as revenue expense?

Also what method should be followed in this case. Percentage Completion Method or Project Completion Method.

SIR AM GOING TO LONDON FOE FELLSHIP IN LIVER TRANSPLANT I AM MCH IN HEPATOBILIARY WHAT TO DO IN MY PPF ACCOUNT SAVING AND FD BANK ACCOUNT MUTUAL FUND KYC INCOME TAX STATUS OF RESIDENTIAL DR SAHIL GUPTA

Dear sir,

Please confirm whether TDS is applicable on internet service bill of Airtel, JIO, etc.
Effective from witch date and under which section.
If notification or any supporting available please mention.

Dear Sir,

A person have income from business turnover Rs.2 crore books covers under section 44AB. GP increase 5% as compared to Financial year 2020-21. GP in Financial year 6.7% in 2020-21 and GP in Financial year 2021-22 is 11% Please suggest can we face any problems from IT department.