My employer had deducted TDS from my Salary Rs 4800/month during FY 2019-2020 and has miserable failed to deposit the same to the Govt and has not filed the TDS Returns of the same.

I don't have that much excess amount to pay my tax liability, due to which i was unable to file my return for that particular Fin Year. My employer said that he will deposit cash equivalent to my account to settle my tax liability. But that was just mere a fake promise.

Due to above reasons i was unable to file my returns for FY 19-20. How can i file the return for FY 19-20. Due to delay in previous year's return i also have not filed ITR for FY 20-21

Hello,

Holding company(Indian) need to write off investment in shares done in subsidiery company(registered in USA) as subsidiery is shut down.

Question:
Will this loss be treated as Capital Loss or a business loss.
What will be the accounting treatment for the same in the book of holding company.
What disclosure is to be made in Notes to accounts of a holding company as Tax audit needs to be done for the same.

Sir
I have 5 residential house property ( including this 1 plot + 4 Flat ) which was purchases by me in past. Out of 5 residential house property i am going to sale 1 property ( plot ) .
As per my calculation Rs 40 lakhs long term capital gain will be arise on such transaction.
So i have a question that , can i reinvest such capital gain in another new a residential house property even i have hold 4 house property ? Please explain rule regarding number of residential house property.

Dear Sir/Madam,

A government employee received an amount of Rs.17.21/- lakh towards arrears of pension for FY 2019-20, 2020-21 and 2021-22.

This amount he received in December 2021.

The questions are: (1) Whether this amount of pension is exempt and (2) If it is not exempt, where should this amount be shown - in which Annexture - in Form 10E of income tax?

Thanks.

we had filed income tax return u/s 44AD for the FY 2018-19. but didn't file IT return for the FY 2019-20 due to no income.
we have business income for the FY 2020-21. is it possible to file income tax return u/s 44AD?

Hi,
I want to know that if one director have position in 2 domestic companies as director than one company will give unsecured loan to unother company? or in between both companies give loan to each other ?

thanks with regards
D.K. Sharma

my Company received intimation under section 234E for late filing of TDS returns.
My Question are intimation received under 234E penalty amount mandatory payment , if payment not made then Interest can be paid @ 1% on monthly basis or part of month.
if Amount deposited under code 200 instead of 400 any problem can be arised.

Dear experts.
i'm, one of the partner in partnership firm. (doing equity shares trading and mutual fund ) not F&O)

long term/ short term Income from equity share - how do i treat? it's capital gain or business income?

if treated as Capital gain income. how can i shows my office expenses,(office rent, wages, salary)

how i calculate net profit. ( i had STCG/LTCG)

Regards
Manager.

Dear Sir,

One of my client is into Business of testing of metals and minerals and his tds gets deducted under Section 194C and 194J. His return is filed as an individual and he is registered under GST.

Can he file his Income tax return under Presumptive Taxation scheme under Section 44AD instead of maintaing books of accounts.

Please help me in this matter.

Regards,
Divyesh Jain

Dear Sir/Madam,

In reference to the TDS 194Q introduced w.e.f. 01.07.2021, request you to please help me to understand that,

1) Is it applicable to Charitable Trusts or not
2) If yes, then why and If not they why not..

Thanking you in advance.
Raushan Kumar