I have an STCG of Rs.16,000 from the sale of listed shares. However, my total income from all sources is Rs.1,40,000 which falls below the non-taxable limit of Rs.2,50,000. Whether I am liable to pay a tax of Rs.2,400 @15% on the STCG of Rs.16,000 or my tax liability is NIL due to my total income falling below the non-taxable limit?

in ais some interest transactions marked as expected. my CA saying not required to do anything no feedback ignore because we provided all correct info of interest in return.

is that okay to not provide feedback?
on it dep website it says if marked as expected you are required to provide feedback.

should i mark those as [Information is correct] or [Information is denied]?

please help

We filled Return of Company in Month of March but following reason consider defective .
Adjustment u/s 143(1)(a)
Schedule MAT
MAT CALCULATION ON NET PROFIT .TAX AND DEFERRED TAX NOT NOT ADD BACK IN NET PROFIT.
128027
So consider the return defective .So i want to response received notice .How to response the same .In this case revise return require or response to notice enough.

SIR I HAVE A CLIENT WHO HAVE A LOSS OF MORE THAN 1 CRORE FROM F & O BUSINESS AND PROFIT FROM OTHER BUSINESS WHICH IS WATER AND BEVERAGES. HOW CAN I SHOW BOTH BUSINESS IN ONE ITR. IF I AM SHOWING F & O LOSS IN ORDINARY BUSINESS AND WATER PROFIT IN 44 AD THEN IS IT CORRECT? MEANS CAN I SHOW TWO BUSINESS ONE IS ORDINARY LOSS AND SECOND IS 44 AD IN ONE ITR?

Namaste sir,

1) The government guidance value of Flat
at Bangalore is Rs 40 lakhs

2) But iam purcharsing Flat for Rs 25 lakhs

3) Since govt guidance value being 40 lakhs i need to register the flat for Rs 40 Lakhs by paying stamp and registration value for Rs 40 lakhs.

Now does NRI TDS should be calculated for Rs25 lakhs or Rs40 lakhs.

Because seller of the flat is NRI who lives in America

Regards
Narahari

original return filed date 31.12.2021 AY 2021-22 with disclose business loss to be carried forward 50000

after that return Revised u/s 139(5),date 28.03.2022 with disclosed loss to be carried forward 55600

now we get a notice u/s 143(1)(a),loss cannot be carried forward due to return filed date is 28.03.2022 after the due date 139(1).

so i want to ask that loss can be carried forward or not

Incorrect claim u/s 143(1)(a)(ii)
PART-BTI

In Schedule Part B-TI, Taxpayer cannot carry forward current year loss except House Property loss if return is filed after the due date allowed u/s 139(1)

Dear Sirs,

Whether penalty against non-linking of Aadhar with PAN is still under consideration and shall be exempted?

Hello Sirs,

My client has income from investments in the USA and Hong Kong. While USA works on a calendar year (1st Jan to 31st Dec), Hong Kong works on a financial year same as ours. Please confirm that for AY 2022-23 accounting period for USA will run from 1st Jan 2021 to 31st Dec 2021, i.e. income for the period 1st Jan 2022 to 31st March 2022 will not be included in the ITR. Whereas for Hong Kong income for the period 1st April 2021 to 31st March 2022 will be included. Please confirm. Thank you

WHETHER ITO HAS POWER TO REVISE ORDER PASSED BY HIM U/S 144

Sir,

Please tell me the entry in tally for payment through GOOGLE PAY(upi).
Purchase petrol for RS 500 through UPI. how the entry will be.
Please guide.