While filing of ITR-U for AY 21-22, I have taken the income as displayed in Form 26AS in my ITR but I dont want to claim the TDS deducted as refunds are not allowed while filing ITR-U. However I have paid the late fee as applicable u/s 234F of Rs. 1000. I have a TDS credit of Rs. 1700 , but i dont want to claim the credit, however I have declared the corresponding income in my ITR. Will it be the correct way to file the ITR or there may be an issue while processing the ITR-U?

CAN A COMPANY DECLARE DIVIDEND FROM THE FREE RESERVES RECEIVED ON PART OF DEMERGER EVENT AND WITHIN 1 MONTH OF BUYBACK OF SHARES IN PRIVATE LIMITED COMPANY.

Can we claim Input tax Credit on Differential Premium AND STANDARD TRANSFER FEES FOR MIDC plot transfers to third party under GST.

Please advise me

Dear Sir,

I have to prepare Export Invoice regarding Commission service. I have doubts as per below.

1. GST applicable or not in case of Service invoice ?
2. Do we have to proceed Invoice with CHA, like Shipping Bill, Bl & etc. documents also need to proceed for Service invoice same as Goods Exporting ?

Please guide what is the correct way to prepare.

Hi ,

I checked my AIS report for FY 2023-24 & found that :-

1- There are some transactions related to purchase & sale from share market
which are still not reflecting in them

2-There are some transactions with incorrect amount. Sale & purchase amounts do not match with Contract notes which i have for these transactions.

Can i file Income Tax Return as per contract notes data available with me.

Is it mandatory to provide feedback to AIS data?

Respected Expert

Kindly advise that If HUF give gift to it's members than it is taxable income or exempt income to the members?

Your early response shall be highly apprecited.

Hi,

We are buying goods from a firm and selling goods to same firm often.

So, do we need to do each and every payment from one firm to another bill by bill.

Or we can settle in this payment against all sale and purchase.

By above line i mean to say,
Let us say on 15th of every month we check which firm is having credit balance on another and transfer that amount.

Will it have impact on ITC/GST or income tax. ??

Hello Members,

While entering the data pertaining to speculative loss in shares and of FnO, since thre is a loss, where do we enter this in the winman software. The system apparently shows in case of loss its needs to get audited.
Request if someone could please guide what option to be used to claim this loss.

Regards

WHEN WE WANT TO GENERATE E-INVOICE, E-INVOICE HAVING 18 % AND 28% IN SAME E- INVOICE. ERROR IS SHOWING AND WE ARE NOT ABLE TO GENERATE E-INVOICE WHAT ARE THE REMEDEIES ?

A private limited company had decided to take over an llp which have huge amount of carry forwarded losses. In this case, is the private limited company can avail the loss of llp