ONE OF MY CLIENT HAS GENERATED E-INVOICE. BUT IT IS NOT REFLECTED IN GSTR1 ON THE PORTAL. WHAT IS THE SOLUTION FOR THIS PROBLEM?

Can anyone calculate income Tax from following details :
I. Monthly Components Amount (INR)
1. Basic Salary: 64,900
2. House Rent Allowance (50%): 32,450 ( rent paid 22,000 pm , city: pune)
3. Company contribution to E.P.F./Special Pay I: 7,788
4. Superannuation fund/Special Pay II (15%): 9,735
5. National Pension Scheme/Special Pay III (10%): 6,490
6. Leave Travel Assistance (10%): 8.490
7. Statutory Bonus/Ex-Gratia (20%): 12,980
8. Miscellaneous Allowance: 21,571
Total to be paid monthly (M)= 1,62,404
Total for the year [M12] [A] : 19,48,848

II.Variable Components
1. Annual Performance Bonus [APB] Per Month [M]: 18,333
Total APB 10.0% of Annual Gross Salary [B]: 2,19,996

III.Annual Component
1. Provision for your gratuity[C] (4.0%): 31,152
Annual Gross Salary [A+B+C] =21,99,996

IV. Major Benefits [Average cost per person p.a.)
Insurance and Food" [D] =41,000

Cost To Company (CTC) (A+B+C+D) =22,40,996

You have filed your income-tax return in form ITR-1. As per TDS details in your Form 26AS, taxes have been deducted under sections 194IA/194IC/194M/194S/194C/194B/194BB/194BA, etc. of the Income-tax Act, 1961. These sections are reflected as (4IA/4IC/94M/94S/94C/94B/4BB/4BA) in Form 26AS. These sections imply heads of income for which form no. ITR-1 is not the appropriate form. Thus, the required schedules for reporting incomes pertaining to said TDS sections are not present in your return of income filed in form no. ITR-1.You are being provided with an opportunity to make necessary corrections and file a return of income in the appropriate form so that income and taxes may be determined correctly in accordance with the Income-tax Act, 1961 duly disclosing the complete gross receipts/income reflecting in your form 26AS under the relevant schedules of the ITR. Please note that as per Rule 37BA of the Income-tax Rules, credit of TDS is allowable to the person in whose hands the income is assessable and in the year (AY) in which such income is assessable

I have written a bad debt for a party. The party got income tax notice and department treated my bad debts as party's income and department charged 100% penalty on income tax.The party now wants to return my money. What should I do now? Shall I take my money back?

In tax regime, where I have to enter my income detail in the ITR form 3 for tax deducted under section 194C and 194jb

Hello All,

What is the HSN Code for Discount offered during sale.

It is said that HSN Code for discount is same as that of product or services .

What if there are more than 2 or 3 products .

SIR,

WE HAVE RECEIVED A LETTER FROM OUR GST RANGE OFFICE ASKING US TO SUBMIT NUMBER OF DOCUMENTS FOR THE YEARS 19-20 TO TO 22-23 AS CERA IS CONDUCTING RANGE OFFICES AUDIT.. WE WANT TO KNOW THAT WHETHER WE HAVE TO SUBMIT THE REQUIRED DOCUMENTS TO THE RANGE OFFICE. SOME SAYS THAT CERA HAVE NO AUTHORITY TO CHECK A PRIVATE PARTIES ACCOUNT. PLEASE ADVISE.

THANKS

Case 1:
A non-profit education trust, which invests the earned amount back into the education trust.
Will there be income tax on the earnings of the trust.

Case 2:
The same trust non-profit education trust, rents one of the buildings. Now, the trust have 2 sources of income A- Education earnings B- Rentals of the Building.

Will there be income tax on (A) only, (B) only, or (A and B) both?

What will be the category of the trust in both cases. (Business trust or non profit trust).

Thanks in anticipation

what would be the GST rate on buyback of air conditioner by an employee of a PSU?

I have mistakenly added a challan twice in traces. Because of this I have received demand from the department. Can anyone help in rectifying this