This Query has 1 replies
A Partner of firm introduced below 200000 in various days and totally introduced 1,45,00,000 during the year in his firm as partners capital . Is it attracts 269st to the firm.
This Query has 1 replies
We filed a return and claim of ₹50,000 for our client for A.Y. 2026-27. We have now received an intimation under Section 245, proposing to adjust this refund against an outstanding demand of ₹1,20,000 from previous years. There won't be any issue if the refund is adjusted for the client.Is it mandatory to file a response within 21 days?
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Our company has decided to hire dashcam on rental basis from a it solution company which is specialised in providing solution related fleet services.
Apart from Hiring of dashcam ,realtime access of data caputered by Dashcam will be available,it will give alerts such as Driver is facing fatigue,overspeeding & other issue inshort it will facereading of driver behaviour
Now my question under which section TDS should be deducted for such type services?
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Original ETDS return for 26Q4 FY 25-26 has been filed on 4th June 26. There is a delay of 4 days.
Subsequently one challan has been paid and need to revise etds return by adding this challan.
My question is whether Late Fees u/s 234E is payable in this case ?
This Query has 3 replies
Sir, we are engaged in a nursery business where we purchase plants, grow them, and sell them. Maintaining a detailed inventory or stock register for each plant is practically difficult. Therefore, we maintain only Plants Purchases and Plants Sales in Tally.
In such circumstances, could we face any issues during Income Tax scrutiny? Can the Income Tax Department reject our books of accounts and estimate our profits merely because we do not maintain a detailed stock register?
What minimum records should we maintain to comply with Income Tax provisions and avoid scrutiny-related issues? Kindly advise with reference to the relevant sections of the Income Tax Act and applicable judicial precedents.
This Query has 3 replies
My father has expired. I am nominee in his PPF account. I want to transfer this amount to my HUF savings account immediately when it is credited to my account. I shall do fixed deposit in HUF name. What is process to do so? Will there any tax complication in future?
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Dear Sir,
I have filled on 29122025, a Condonation Request under sec 119( 2) b to file Revised Return AY 2021-22 to claim refund of excess tax paid beyond Rs. 300000/- on payment of Leave Encashment Rs. 731181/- as superannuation benefit which was received at the time of Retirement on 31-02-2020 from SBI Nagpur. After 9 months of follow up by frequent visit to Dept. now PCIT issue Rejection Order on 16102026, Stating as per CBDT Notification 31/2023 Dt. 24-05-2023 applied wef 01-04-2023. and not for pre retirees prior to Apr 2023.. But in many cases IBTA decision are in favor of Assessees who retires prior to 2023. Now How I proceed further to file appeal or how to file appeal to IBTA tribunal. Is any paid professional are available to this caclubindia. forum.
Please advise
Regards,
Ramesh Lute
This Query has 1 replies
Assesee is not ordinarily resident, having partnership income in India and Salary Income in USA any form required to file before filing of ITR in India, please guide us
This Query has 1 replies
Sir,
our client has not provided the msme details,so we are not able to track the payments.how to report in 3cb-cd
This Query has 7 replies
Sir
I need depreciation chart as per companies act for pvt ltd company to prepare chart for the current financial year... Pl send me in excel format showing all formulas. On the basis of WDV, so that I can prepare according to my figures correctly.
Thanks for your cooperation in advance.
Regards
Sanjay
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Section 269ST applicability for capital introduced by partner to his partnership firm