VIJAY KUMAR

Dear Sir
My name is CA Vijay Kumar.
I have a query to the esteemd members and experts
pl give me your valuable comments if possible.
I have filed an  iTR of my client on 29.07.2023 for AY 2023-24. Apart from normal income from business there was income from capital gains. in sch. capital gains wrong date of acquisition feeded despite correct indexation benefit is taken. I realised the mistake after 31.12.2023 so could not revise but filed an updated ITR U with some additional income and tax and corrected the dates.
Department sought clarification on 28.02.2024 with extra capital gains, I filed immediately reply with that mistake has happned and kindly consder ITR U or correct my data.  
However, the Department on 30.04.2024 processed the original return and created the demand by not giving benefit of indexation. Now when I am filing, the rectification request u/s 154 system does not allow saying your latest return is pending (ITR U), Kindly wait till it is processed.
 I submitted the response to the demand raised under section 143(1), filed a grievance and palanning a grievance on CPGRAM also.
My query is here should I file an appeal also against 143(1) order also as the window for appeal will close on 29.05.2024. 
or what is best course of action ? Should I wait for processing of ITR U, which I have not seen happenning for any ITR U filed so far.
I shall be highly obliged to all of the experts.
Thanks and Regards.
 


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Mariappan
21 May 2024 at 12:17

TDS Q4 2023-24 24Q Error

Many persons facing this error. while filing correction 24Q Q4 Correction Statement. But before that , what can do for " Travel concession should be blank " error


Suresh S. Tejwani

If advance tax is paid in Assessment year 2023-24 but not consumed in such assessment year while filing ITR u/s 139(1) so is there any provision for correcting such challan of advance tax by changing assessment year to A.Y.2024-25 and consume such challan in current financial year?
While Juridictional assessing officer has denied for such challan correction now is there any option to consume such challan?


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Dear Sir,
Whether gratuity exemption is available or not under new tax regime for salaried employees.


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21 May 2024 at 11:30

TDS Q4 Return Correction

While filing Q4 Correction it shows validation error T_FV_6351... How to resolve it


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we are running a banquet hall. please guide for GST applicable for Banquets when ITC refund is not availed


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21 May 2024 at 10:49

REVISED RETURN 24Q Q4 2023-24

T_FV_6351 Applicable and Mandatory For Financial Year 202324 onwards 'Other special allowances under section 10(14)'
I AM GEETING THIS ERROR WHILE SUBMITTING REVISED TDS RETURN


Abhinav M

My family is purchasing an under-construction property for which we are deducting TDS in every installment (be it self contribution or home loan disbursement).
The TDS deduction is borne equally. Sale deed has not yet been registered as it is not fully constructed yet. Sale agreement has been registered.

For one of us, this is the last TDS Deduction. So while filing 26QB, I am selecting Installment (not Lumpsum) as always
And instead of 'No' against 'Final instalment' question, this time I am selecting Yes

However, then
1. It is asking for stamp duty consideration. I have mentioned the same as the consideration amount, for the individual.
Is this correct? There should not be any change in the amount for us .

2. Now the issue is, that the amount under consideration on which TDS is to be deducted is not showing up as the amount that I had mentioned against ' Currently paid' but it is taking the total stamp duty consideration. Hence since it is taking the total amount, accordingly automatically full TDS amount is coming (which would have come if I had selected Lumpsum payment)

Why is that? Just like previous installments, I need the system to take that installment amount under consideration only, so that 1% TDS on that gets reflected.

Is it because I am selecting the final instalment as Yes?
What is the procedure for filing the information in this case?
I have not faced this issue earlier when I am selecting Not final installment.

Kindly assist me. Let me know if any further information is required from me which can assist you in answering the query.

Many thanks.


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Deduction us 54

I am facing error in claiming ded us54 errer shown "amount should be matched with form I tried in both old and new regime both regime shoe this errer
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Rajinder





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