Dear Experts,
1 As company is remitting the specified amount towards CSR activities during this Oct Month.
2 Whether the company can avail the ITC on this type of transactions,
3 Pl clarify.

A fee of INR 5000 is imposed under Section 234F in ITR 1 for using an offline Excel-based utility. I wish to submit a "rectification request" to claim tax credits for unclaimed challans.

The initial return was filed under Section 139(1), but upon attempting to change the section in the rectification request, an error was encountered stating that the original return's section cannot be altered.

I proceeded to upload the JSON file with the 5000 INR fees and submitted the rectification request.

I seek advice on how to avoid incurring these charges.?

I had filed a rectification under Section 154, but the offline utility tools are not designed to prepare rectified returns. The return was corrected using the utility tools, and the amended version was uploaded as a JSON file in the rectification request.

Hi,

If an Indian company is providing tutoring service to international students .. then can it be classified as Export of services as the payment is received in Foreign exchange

Since this is not an OIDAR service will the normal provision for place of provision of service apply and the POPS will be location of service receiver?

Dear Sir,
One employer got retired from the Job at age 58 from the Company. But the Company engaged him as an employee paying his dues on monthly basis by cheque. My query is as follows.
1. Can he appointed as a Consultant / Professional ? if yes what will be TDS impact & limit.
2. Can his TDS comes to lower rate as his Annual CTC was around 1.50 lacs
3. What is the best method so that no tax will be deducted from his salary

regards

Pramod

Under Which Section We Should Prepare ITR-1 in Offline Utility Tool For rectification request for correction in data for Self-Assessment taxes paid ?

Respected sir,
One of my client want to form a HUF by taking gift from his father. He want to keep the name of his HUF on name of his wife. Suppose his name is Mr. Banwari Lal and his wife’s name is Vinita. Then can he create name of his HUF as “Vinita Devi (HUF)” although KARTA of this HUF will be Mr. Banwari Lal. Please guide.

With regards
Subhash

Sir,
My Company has develop a website from Australian company, now we have to pay Rs.70000 to Australian Company, As per RBI purpose code for foreign remittance- P0802 Software implementation/consultancy (other than those covered in SOFTEX form).

As Per income tax act, remittance is made by an individual and does not require prior approval of RBI. Remittance is of the nature specified under relevant purposes code as per RBI.

TCS on foreign remittance threshold limit is above 7 lakh.

Please guild us which Form 15CA PART need to fill, Part-A, Part-B, Part-C, Part-D or not require?

Thanks & Regards,

In ITR 6 which schedule dereciation rate 60% can be found out

Read more at: https://www.caclubindia.com/experts/ask_query.asp

Income u/s 11 (3) is Rs 19,70,000 (accumulated & not spent within 5 years) is taxed @ slab rate or @ 30% as per section 115BBI expln. b.
Assessee has filed Form 10 for the F.y 2017-18 within the duedate.
But while filing A.Y 2023-24 ITR-7 Rs 1970000 is showing taxable @ 30%
Pls try to resolve the query.

Thank you for your reply Sir.

Hello sir,
i bought a property for which there are 2 buyers and 3 sellers.
While filling the TDS, my CA divided the TDS in 2 sellers only.
As time was less, we filed the correct TDS again.

Now we are looking for refund of the TDS which was filed incorrectly.
Kindly advice the procedure for same.
Do we have to first apply for corrections on TRACES and then request for refund?
The Challan is showing to be Fully consumed.