Tax Payable at normal rates Rs.16,47,360/-
Tax Payable at special rates Rs. 5,962/-
Surcharge Rs. 1,65,332/-
Education Cess payable Rs. 72,746/-
Total Tax Payable Rs.18,91,400/-
Interest u/s 234C Rs. 5,686/-
Tax & Interest Payable Rs.18,97,086/-
Prepaid Taxes
TDS Rs.17,82,346/-
S A Tax paid on 27.08.21 Rs. 1,14,740/-
Total Prepaid Taxes Rs.18,97,086/-

Now as per income tax portal Interest u/s 234A Rs.2,180/- and u/s 234B Rs.5,515/- is calculated and asking to pay Rs.7,695/-
Prepaid Taxes in this case are more than 90% of assessed tax and still interest u/s 234B is determined

My question is is the above calculation of interest correct and if wrong how to file return of income ?

Sir,
A gst registered old gunnies business regular scheme dealer purchase of old gunnies(5 tax rate goods) from urd persons (rithu) value rs:5 lacs for August-21 month.
Question:
1.dealer rithu purchase amount rcm applicable or not.
2.purchases amount rs:5 lacs show column no in gstr3b.

We are having a private limited company in Punjab - Amritsar. As per our consultant every company in punjab must registered under PSDT Rules 2018 and deduct Professional Tax from salary of our employees.

We are registered our private limited compnay in 2015 in punjab. Can anyone pls guice me applicaility of this act and how to file all compliances in this particular act.

Thanks in advance

Sir,
A person sales and purchase transactions 6 times one financial year for sale and purchase agricultural land rural area .
Question:
Assess source of income treatment above transactions business income or capital gains tax income in it act.

Earlier I have appeared in CA- Intermediate exams in Jan 2021 . Unfortunately , I failed with exemption in one paper. I have not appeared in July 2021 exams . Now , I have converted from CA-foundation route to CA- Direct entry route. Will I be eligible to appear for December 2021 exams with availing the benefits of relaxation provided in Regulation No.205 dated 22nd July , 2015 (i.e, relaxation from 9 months of Articleship training for those who have converted )? To avail such relaxation , before which date I have to apply for my CA-Articleship? Whether the relaxation was also available for the new syllabus students (I am new syllabus student)?

My Name is ASHLY ANSALAM. I am a CA Final student (Old scheme). I Passed in first group in May 2019 attempt. I appeared in Second group in July 2021 attempt but I failed due to aggregate. My weakest paper is ISCA. I am planning to convert to New scheme. If I take December 2021 attempt in New Scheme whether I need to appear in Adv ITT and MCS before Examination ?Please reply. Thanking you

1) Do we have to pay tax on our current account income like if the income goes above tax slab just like in savings account?
2) If so, what comes under expenses when filing ITR , do these expenses need to occur every month or each transaction in a year consideres?

Sir,

We are having one residential house at Jalgaon District of Maharashtra . My brother is one of legal heir of that property. Brother expired leaving wife, son and daughter.

All the three legal heirs wish to relinquishment of their property rights , so that the other two legal heirs can sold the property. They are living at Mumbai and do not wish to add their name in property.

Normally first their name is required to add in property by submitting death certificate, then they can give Power of Attorney. But somebody told me that , they can relinquishment their rights , so that we other two legal heirs can sold the house.
if this not possible, whether son and daughter can forgive their rights so that only their mother name will be added to the property.

I wish to guide , what is the best possible procedure, which they can do from Mumbai and without visiting to Jalgaon .

Schedule HP in ITR 2 has provision to add only 2 house properties; how to add if assessee has 3 or more house properties?

Thank you.

We , giving a service to company, in addition to service they agreed to give a food allowance ( a fixed amount). may I know how can I show it in invoice along with our service. Is it wrong method to show in invoice?. Party release fund only if we give it on invoice.

If we can show it in invoice, HSN code should give or not?