Respected Sir/Madam,
If a Person is member of indian crew ship and his residential status (after considering 182 days or more criteria) is Non resident and he receives salary in indian SBI Account, Now my question is how we disclose his salary income in Income tax return under updated return of AY 2023-24? Actually a person wants to take a loan from Bank and wishes to file ITR, so how we disclose in ITR?? Kindly help.....

Is a taxpayer liable to pay interest on deffered tax for a previous F.Y.(2019-20) under GST if the said tax is paid using input tax credit available in the current FY through DRC-03 while the same credit wasn't available in the related FY(2019-20)?

Sir,
One of my client has taken GST registration for dealing courier business during the financial year 2020-21. Up to January 2023, GST monthly return was filed properly and after that he was not filed any return till date. While verifying the GST site their registration was suo-moto cancelled by the department as on 01-11-2023. In the cancellation order, it specifically mention that the requirement of filing GSTR-10, all pending return, and all pending liabilities. From February 2023 on wards he has not made any outward supply and thereby required to file only nil return. But the credit ledger shows the following Credit IGST- Rs. 500, SGST- Rs. 1299, & CGST - Rs. 1299. Please guide me the procedure for cancellation of the registration and how this ITC can be dealt with. If it was settled through GSTR-10 or require to file through DRC-01?

Dear All
is there any other tax structure & rule , which required to follow for deduction from RA bill of Contractor & their advance except TDS U/s 194C (2 %) ?

Plz reply with reference..

Regards

S Mallick

sir
if as a company we paid some exp. and bill issued in the name of company but these exp. should be born by a vendors co. of us so can i make a sales bill for that in the name of vendor co. ?
otherwise suggest the right treatment

Dear experts, is there any maximum time limit till when IT notice under section 144 can be issued....like we have in section 149 of 3 years and 10 years....Thanks in advance....

As per Section 45(5A) of Income Tax Act, 1961, relaxation to pay tax arising from a Joint Development Agreement at the time of receipt of occupancy certificate is given only to Individuals & HUF. There in the case of a pertnership firm or an LLP, tax is still payable at the time of entering into Joint Development Agreement. My query here is, in the case of an LLP or a Partnership firm that is in real estate business, the tax on Joint Development Agreement shall be paid under the head Capital Gains or Income from Business ?

I am an individual (Buyer) buying a flat from a Company (Seller). When I try to fill up the form 26QB, i see the portal is auto selecting the major head as "Corporation Tax (0020)".

Builder document says it should be "0021". Is there a bug on the income tax portal or the selection is OK?

Sir,

I want to know the TDS applicability in respect of the below transaction. One of my group Company which was liable for audit availed vacant land under government scheme from KINFR (a government undertaking). During the financial year 2023-24 they have issued invoice under SAC 997212 for a total value of Rs. 284049 and out of the total amount Rs. 139359 was relates to the previous financial year 2022-23. Respective financial year invoices were issued separately. Whether TDS was applicable in this case?.

Hi
I applied for a foreign national PAN card through NSDL website and sent a copy of physical documents through post. I received an email stating
'Acknowledgement receipt has not been signed by the applicant.
We request you to Kindly submit specimen signature of the Applicant on a separate paper.'
I signed in an A4 size paper and mentioned my acknowledgement number as well. Yesterday I received the same email again.
My query is
How do I correctly submit my specimen signature?