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Mahboob Alam
20 June 2024 at 17:07

TDS Demand against non Operative PAN

I filled TDS return on 10th June, in which 2 employees' PAN was not operative and therefore received demand for 20% tax deduction...
If i linked both employee's PAN & Adhar and after that file revised return then it will reduced the demand? or I must have to pay the demand.
Is there any alternate solution without paying demand. kindly answer


Rahul Singh

How to best handle after receiving 143(2) in case of excess deductions claimed to avoid penalty. Please let me know. Thanks.

Do I need to submit an affidavit accepting the error..


CA Snehal Pratik Doshi

Dear All,
I have a query regarding applicability of tax audit in case of LLP.
1.Turnover is 57 lacs
2.Loss is 52 lacs
whether tax audit will be applicable or not in case of loss making LLP?
Thanks


SANDEEEP SINGH

Can someone suggest how to correct spelling mistake in ROC for newly incorporated company.
Like Reality to Realty. Is there any Form to be filed.


CMA Sagar Das

Please tell me whether TCS is to be charged or not on sale of dolachar


B. vignesh
20 June 2024 at 14:56

Fund of Fund Investment audit

Please any one clarify that as per US GAAP we have to disclose the investments details if the value of the investment is 5% more than net worth or partners capital in the financial statement. My doubt is In case the organization is investment company or firm engaged in fund of fund, whether it is enough to show the fund in which such company have invested and the value is more than 5% of the net worth or partners capital or is it necessary to show the investment in which fund that we have invested, if it's so how to calculate the 5%,


Ayan

Can anybody suggest how to rectify the wrong rate of depreciation changed by mistake under the Companies Act in the previous year? To be more specific company follows the WDV method and they have changed the remaining useful life of assets from 3 years to 10 years now this year what impact will this have on the balance sheet and ITR

Please suggest which schedule of adjustment should be reported in the ITR


Rahul Singh
20 June 2024 at 13:57

ITR U filing after receiving 143(2)

Hi Can ITR(U) be filed after receiving 143(2)? Please let me know


Sachin Singh

Hello, if someone has purely trading income of say Rs 30L, and turnover is apx. 60L, then can taxes be filed under presumptive basis?

By this, tax being paid is 0 as 6% turnover formula would be applied, whereas otherwise, tax being paid would be much much more.

Since the exchanges/brokers send the data to the IT dept., they would be having the actual P&L of people. So, is it advisable?

(And of course, if one goes for the presumptive route here, same would have to be used for the next 5 years)

Thank you.


CMA Sagar Das

Please tell me based on any supporting case law/notification that TCS will be applicable on sale of Dolochar/Dolachar/Coalchar or not?






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