Dear Sirs : One of my client has many marketing executives who visit far flung areas in India. When ever they need funds amount is transferred to their account and they withdraw cash as and when required. When they return from tour, documents are submitted and BALANCE cash is given to them. Marketing staff is of opinion that such funds transferred to their account is their INCOME and they don't have any evidence that this money has been used to meet marketing expenses on behalf of company. Kindly advise ! Kind Regards !

Sir,

Retired person Pension and FD Interest Received fy 21-22, we have not filed incometax return , it is below 5 Lakhs

Can file Income tax returns now

How to file returns which section and what is penalty , please clarify my doubts

Thanking you

Invested in Mutual fund ICICI Prudential Mutual Fund Rs. 10,00.000/- SBI Mutual Fun Rs. 10,00,000/-
Now Received For Rs. 13,30,500.50 ICICI Mutual Fund 11,10,185.75 SBI Mutual Fund My question is that How to make its entry for excess Received.

Invested in Mutual fund
ICICI Prudential Mutual Fund Rs. 10,00.000/-
SBI Mutual Fun Rs. 10,00,000/-
Now Received For Rs. 13,30,500.50 ICICI Mutual Fund
11,10,185.75 SBI Mutual Fund
My question is that How to make its entry for excess Received.

Hi, I'm facing an issue.

I work as a freelancer on Fiverr Platform.

Fiverr deducts a 1% TDS on all the orders/projects that I complete on their platform. This TDS is deposited to my PAN given by government

For the AY 2022-2023 I have filed my income tax return and got it verified successfully. I even got a TDS refund of certain amount credited back to my bank account.

The issue is that Fiverr has deducted a 1% TDS of my earnings during the first quarter (Apr-June) of that year. But the TDS had got wrongly deposited into my mothers PAN number.

I think this was due to an error I did not realize at that time. I reckon a wrong PAN number was enter into my fiverr. I later changed this and added my PAN number in account

I requested fiverr support to change the PAN number for the TDS which was deposited during first quarter in wrong PAN. But fiverr Support replied and told me that they are now unable to change that wrong PAN number. Because they had already deposited TDS in that PAN and that was the PAN present during the time my orders were completed and fiverr deducted TDS.

But I have withdrawn the earnings of that period to my own bank account via paypal itself.

I think an amount of around 300000 INR worth of orders had got linked with the wrong PAN number and TDS issue during that quarter.

Now I see that a TDS of around 3500 has been deposited by Fiverr into my mothers PAN number due to that wrong pan number issue.

I'm just wondering is my mother required to file income tax and liable to pay any tax for this?.

I think that is not fair in my opinion.

Because I already reported that income and also included that income in my income tax return filing. Because anyways the full order earnings were withdrawn to my bank account.

My mother is a pensioner, Senior Citizen and has annual income around 2.4 lakh per annum. On top of that income I'm seeing my Fiverr income of around 340000 INR reported in TDS certificate Form 26A of my mothers PAN.

Does this means my mother should file income tax for this TDS deposited in Wrong PAN issue. However, no other income apart from her Pension is deposited in her bank account for sure. And I had already reported all my income in the income tax return successfully and got it verified.

Because my mother just got a SMS notification on December 30th from Income tax department saying that she should file tax return before the end of year.

I'm just worried a lot.

This is not my mothers fault actually.

I tired my best to resolve it with fiverr but they could not help me.

I'm of the opinion that it is not correct to report the same income twice right? I already reported the first quarter income in my tax returns and I calculated all of my bank deposits.

I'm also bothered of the fact that now the last date for filing income tax is already over. In case if my mom has to file the returns then it is going to attract lot of penalty.

Please let me know what step I need to take now

Thank you

Whether cenvat credit shall be avail 100% in case of abatement services and 50% rcm services?
or 50% of cenvat credit will be eligible?

I AM AGED 44 , OF COMMERCE BACKGROUND. I HAVE DONE PG IN COMMERCE. NOW I AM WORKING IN MY FRIENDS PARTNERSHIP FIRM

I WAS MUCH EAGER TO DO CA DURING MY COLLEGE DAYS. BUT I WAS UNABLE TO DO IT.
MY QUERY IS THAT AM I ELIGIBLE TO ENROLL FOR CA COURSE NOW. IF SUPPOSE I CAN ENROLL WHAT WILL BE APPROXIMATE TIME I CAN COMPLETE THE COURSE AND CAN I APPEAR FOR NOV 2023 EXAMS

PLS ADVICE

Dear Experts,
I am CA final student converted from Old to Final syllabus, I had completed my Articleship along with excess leaves and submitted FORM 108 and FORM 107 to the institute. There was delay in submission so i had submitted condonation letter along with prerequisite fees to the institute but i have received letter from institute for termination of articleship because FORM 107 subitted have not executed deed for supplementary articles for excess leaves within prescribed period i.e. 60 days? Now they are saying to me to again re-register for excess leaves so fill Form 103 and submit the same within the prescribed period. Why i already served the excess period and submitted the condation letter along with fees. then why??? Please guide me i am really in confusion..

How to create a condone request for Non-filing the ITR before 31st Dec, 2022. Advice how can We do this.

I am trying to file form CHG-8 of one of my client at V3 of MCA portal recently launched by the Ministry Of Corporate Affair. but as and when I go to form, the portal will automatically navigate the page on application history. this error arise since last 3 to 4 month or say it that since inception of V3 login of MCA portal. Hence, please guide me as to how can I file CHG-8 of my client. thanking you in anticipation.