Dear Sir,

Kindly clarify for FY 2019-20 TDS Not deducted for a party but in audit the auditor provide TDS and it paid in April'21 and revised return filed in Jul'21 and form 16 Dated Aug'21 send to party. But party rejected and not refund the amount telling reason as the period expired. Clarify

please suggest me

agricultural land situated in a area beyond 2 kilometers from the local limits of municipality which has a population of less 1 lacs . is sale proceeds of such land is liable to tax under capital gain . if so how to show the proceeds of sale in a return of income

A.Y. 2020-21 I HAVE A REFUND BUT DEPARTMENT NOT YET CREDITED REFUND AMOUNT. I M COMMISSION AGENT I HAVE FILED ITR 3, MY COMMISSION AMOUNT IS BELOW 5 LAC, SO I SHOW IN NON SPECIFIED BUSINESS WITHOUT BOOKS OF ACCOUNT IN ITR 3. I AM TOTALLY RECEIVED AMOUNT SHOW IN GROSS RECEIPT AND CLAIM REFUND WHICH IS TDS DEDUCTED ON AMOUNT. I AM NOT SEPARATE MAINTAIN ANY BOOKS OF ACCOUNTS.
DEPARTMENT SEND ME NOTICE U/S 139 (9) THAT TOUR RETURN IS DEFECTIVE AS PER SECTION 44AA YOU COMPULSORY MAINTAIN BOOKS OF ACCOUNT AND IN ITR YOU FILL UP IN PART A PROFIT AND LOSS ACCOUNT AND BALANCE SHEET.
I AM INDIVIDUAL PERSON I HAVE NO OFFICE, RECEIVED COMMISSION LIC ( AGENT), WHAT TYPE OF I MAINTAIN P&L ACCOUNT AND B/S. AND THING IS I AM DECLARED ALL AMOUNT RECEIVED, I AM NOT CLAIMING ANY EXPENSES.
PLEASE HELP, MY REFUND IS DUE. AND ALSO GUIDE WHAT TYPE OF I RESPONSE GIVE TO DEPARTMENT?

Respectable sir
We have imported machinery and parts ( using in bricks making) form chine during the year 2016-17, it is taxable in KTEG in karnatka, please give solution to this sir.
Thanking you
yours truly
Srinivasa Joshi

Dear Sir

There are any change in GST rate on solar system
If yes.
what is new rate ?
Applicable on which date.

Dear sir

I retired in April 2020 from service at the age of 60 years but my EPFO pension started only this year in march 2021. I received Pension arrears (from 2018 onwards)of about 90,000 in march 2021. Is this pension arrears considered as commuted pension and is it fully taxable? As it has to be reflected ITR for FY 2020-2021.

Thanks and best regards for guiding the tax payers.

Dear Sir,

If I am having around Rs. 5 - 10 lacs in my saving bank account then is it advisable to transfer it to a Bank Fixed deposit whose interest rates are very low or should I invest it to a good Debt Mutual fund to earn higher interest than Fixed deposit.

Is Debt Mutual fund safe to invest.

Please advise.

Regards,
Divyesh Jain

In a partnership firm one partner purchase the shares of all other partners. In such a case
1. Whether the business can carry on as partnership firm or as a sole proprietorship firm ?
2. Can the existing PAN will exist any more ?
3. In which PAN the ITR will be submitted ?
4. Whether existing GSTR will continue or require new GSTR ?
Kindly advice.

In ITR 2, validation was successful, but on next
screen for Verification and submit, it shows one error
relating to Sch VIA that under TTA interest should be
restricted to SB account interest included in total
income. I have shown same Savings interest as included in
total income and system has already restricted to
10000/- But error still remains. As a result I can not submit and file ITR2. I have submitted grievance with all screen shots, but no resolution is forthcoming even after lapse of a fortnight. Please advise if there is any solution.

If i invest in shares / mutual funds using borrowed funds , can i claim interest paid for these borrowed
funds as expense while calculating income tax liablity under income from capital gains