Sir,
It assess AIS information download recently bank cash deposits and withdrawals transaction mentioned below . example:
Q.no.1.SFT-004 cash deposit in bank sb account rs:12 lacs
2.SFT-003 cash withdrawal in bank sb account rs:10 lacs.differnce amount rs:2 lacs cash at bank treatment
Q.no.2 1.sft-004 cash deposit in bank sb account rs:10 lacs
2.sft-003 cash withdrawal in bank sb account rs:12 lacs difference amount rs:2 lacs cash on hand balance treatment

Hi,

1. Does a company who wants to design websites for clients outside India and receive payments in Dollars via wire transfer requires to register for IEC number (Import Export Code.?)

2. When we purchase services like Web Hosting Servers from vendors outside India, we pay GST via RCM method and claim input credit. But there is no way to deduct TDS for foreign vendors as they don't have any tax registration in India. So how do we handle this?

Trust have sold recently inherited (Old) commercial property vide Income generated Rs.15Lac on it so kindly guide us on below queries;
1. Whats the Capital Gain Tax Applicable?
2. Where we can invest (Bank FD or Post Office FD or Property or Bonds or Mutual Funds) inorder to have proper Tax Planning?
3. In How much time we have to invest?
4. Do we have to invest total amount received on sale of property or the income generated Rs. 15Lac?
5. If invested in Bonds or Mutual Fund whats the Locking Period?

Kindly update us on above queries or we are contactable on 9867023723 for more clarification.

when i upload 10a after attaching all documents . On submission of form after affixing digitals it shows submission failed . Invalid flag but no details given of error

In FY -19-20 Department send me demand tax late fee RS- 980 and i am pay yesterday with interest using net banking then i try to submit response in adding challan details not submitting showing massage me if i save challan clicking (Any open challan with such details is not available in the database for this assessment year.) this massage showing and submit option not activating .3
please help me above problem

10-11-2021
From:
CA Laxmi Mittal
Vapi

Re. Filing of I.T. Form 3CB-CD

1. Has anyone filed above Tax Audit forms. When log in as CA-Filing Forms-Filing 3CB-CD, Not able to see where to upload Filled in Form 3CB-Cd, Balance Sheet, Profit & Loss tec.
2. Also DSC register link is not available

Pl. share if someone has filed the above

Thanks!

Can anybody please provide the format of Affidavit to be submitted to Principal Commissioner of Income tax along with Form 39

Thanks in Advance

Tribhuvan Purohit

Dear sir,
I am filing my income tax under 44ad
this year I got income of rs 15 lacks in future trading
can i filed my buisness income(45lacks)+ future trading(15 lacks)=total 60 lacks under 44ad and show net profit of 8% of 60 lacks
kindly provide guidence

I bought 200 shares of ABC Company at a rate of Rs 80 per share in 20-May-2018 (invested amount being Rs 16000/-). In Apr-2020 this company was merged with another company and new merged company XYZ Ltd. converted the 200 share to 50 shares on 21Apr2020. I sold the 50 shares on 15Feb21 at the rate of Rs 350 per share for sale value of Rs 17500/-.
Q1. Will this be case of STCG or LTCG ?
Q2. How will the Cost of Acqusition be calculated for STCG or LTCG calculation? Will the cost of acquisition be Rs 16000 for 50 shares of XYZ Ltd?

Hi

Can anybody guide whether Transfer pricing study report is compulsory for signing statutory audit report?

New auditor is asking for TP study report done by tax auditor. if not given new auditor said he wont sign financials.

Is this claim tenable?