SIR,
Sec 44ada it return filed assessee outstanding ledger balance creditor and debtor in books as on dt:31-03-21
Q.no.1:
Cash loan from creditor balance rs:4 lacs(name :A)
Cash loan to debtor balance rs: 5 lacs(name :B)
assessee creditor(A) balance amount rs: 4 lacs transferred to debtor(A) account adjustment entry passed in books and remaing balance amount rs:1 lacs cash receipts from debtor (A) received in f.y.21-22
Q.no. 2:
Cash loan from creditor balance rs: 4 lacs (name :A)
Cash loan from another credtior balance rs:1 lacs (name :B)
Cash loan to debtor balance rs:5 lacs (name:C)
assessee creditor(A)balance amount rs:4 lacs and another creditor(B) balance amount rs:1 lacs transferred to cash loan to debtor rs:5 lacs (C) adjustment accounting entry passed in books in f.y. 21-22.
question:
Assessee above mentioned two transactions accounting entry passed in books accepted it act.

Dear sir

I am Madhu GSTP Since 3 Years and Doing GST Related Returns and my doubt is can i file Income Tax Returns ??? and can i sign on that papers ..please suggest me please


Thanks in Advance

What is the constitution of a Special Purpose vehicle(SPV) in an Infrastructure project. Whether SPV has to get its account audited independently?

Dear Sir,

We have generated Tax Invoice yesterday, but E-Invoicing not done, can be do the E-Invoicing for those invoices today

Kindly guide with the relevant rules and section

Namaste sir

I'm Narahari from Bangalore, I had sold my plot for Rs43 lakhs and deposited in capital gain account in bank.

Now I'm purchasing 15 years old flat for Rs 37 lakhs.
The remaining 6 lakhs can i use to modernize my new house like
New wardrobe
Change of floor titles
Change of rest room fixtures
Painting and other miscellaneous

So to avoid capital gain tax

Please advice

Regards
Narahari
6360363391

dear sir - An individual runs a hospital by employing 1 or 2 qualified doctors -himself is not a qualified person and he being the proprietor tries to file his returns adopting 44ADA ( gross receipts do not cross 50 lakhs ) - will it be OK ?
Is it not a condition that the assessee should be a qualified professional in order to claim 44ADA?

A new private company applied for ESI registration as required mandatorily during company incorporation. After login to ESIC website there was an option of grace period for new company. The grace period was updated till 1/9.

After that an email was received as follows. "You have sought grace period for compliance of your Factory/Establishment under the ESI Act upto 1/9. Please login to the ‘Employers’ portal for updation of status & compliance on or before the expiry of the grace period so as to avoid defaulter action." It received another email later about allocation of labour identification number to company.

The company filed nil ESI contribution for the month of September (since grace period was till 1/9) on October. It was filed by uploading MC excel template in blank format after downloading from monthly contribution page. The company has not started its operations and having no employee so far. These are some queries that I have in this regard.

1) Whether any ESI compliances are required in this case?
2) Is it required to pay nil challan after filing nil ESI contribution this case?
3) Whether the company should keep filing nil ESI contribution every month as it has started filing from September onwards?

Looking forward to your reply. Thank you.

Gud day everyone,
i need to file income tax return of a deceased assessee and it is a TDS refund case, All bank account have been closed by legal heir after the death of the asseessee, now in ITR1, i am trying to add his wife (representative assessee) bank a/c for filing. but, its not getting validdated. Rather, it keep on showing VALIDATION IN PROGRESS , but not validating.

pls suggest a solution for this. tnx

while filing itr 1 for a y 2021-2022 tds credited at 26as is found correct but lesser amount of tds is reflected in dashboard menu on graph section. still while correcting manually tds figure in itr1 and submitting successfully, amount received by way of refund is lesser than claimed in itr1 i.e. while processing itr instead of tds reflected in 26as is not taken into consideration but tds as shown under tds graph is considered. pl advice.
vd kulkarni
solapur

sir
Last year my taxable income is more than 2.5 lakhs and I filed ITR.
During 20-21 my salary is cut due to covid and Iam with in the limit of taxable income.
I received interest amt below 500 form voluntary pf account.
Let's me know
1. shall I file the ITR this year.
2. which ITR Form
Please advise