Dear Experts, we want to reverse ITC of fy 2022-23 as supplier did not deposited tax. The department asking to reverse the itc by deposit in cash or through availabe ITC by DRC 03. The main pointis how to deposit through DRC 03, which option to choose from dropdown box such as mismatch or before issuance of SCN. KINDLY elaborate it. Thanks

Dear Experts,

Greetings

Kindly guide if I claim TDS immediately after builder has deducted or do I have to wait till end of FY to file return.

Will I get refund of total TDS deducted by the builder?

Thank you.
Sincere Regard
Micheal

I have downloaded ITR u Excel utility for FY 24-25. Orignal return submitted in time and refund received. Now I want to increase interest income by 80000. Due to this liability @20% 16000 plus penaulty @25% Rs. 4000 and interest approx 1000 Total 21000 should required to increase in revise utility. But no tax liabilities is increased.
Say in orignal return tax liabilities was 20000 and TDS was 60000. Refund 40000 received.. In revise liabilities total tax 36000 (2000+15000)TDS 60000 refund 24000. Since tax payable is zero sheet is not validated. Utilitiy does not take refund already received to pay. Refund correctly entered. Tried lot . Since no liability no penaulty calculated. Please guide.

Hi,
can anyone please explain below query
presentation of Export invoice in table no. 6A in case of without payment of tax(LUT) GSTR-1??with example

I filed TDS challan on sale of property and made a mistake in the amount paid/ credited, TRACES is not accepting the correction and throwing error as 'no data available for the said criteria'. The challan status is fully consumed, please guide how to rectify the mistake.

Thanks
Kanika

During serving the extension period (above 360 days )Can I eligible to give CA Final exams ,If I Could Fulfill the eligibility criteria of 2.5 year articleship.
Or
Mujhe Pura extension period serve karna padega ..Uske baad hi mai eligible ho sakta hu CA final exam ke liye ..

Dear Sir,

We are an apartment Owners Association which are having 80 flat all are residence.

below is the Income and Expenditure detail for the F Y 25 26 Tentatively.

Particular Amount
Income from Rent from Hording 7,50,000.00
FD Interest Income 15,000.00
Saving Account Interest 7,000.00
Collection from Member 3,36,000.00
Total Income 11,08,000.00

Expenditure 3,75,000.00

Net Income 7,33,000.00

Company using the hording board pays the rent amount after deducting 10% tds i.e. 75000/-.
Expenses are purely related the owners Association wear and tear.

kindly guide what will be the Taxation effect. whether we can claim the tds deducted of Rs. 75000/- or we have to pay additional tax.

Thanks in Advance



we

Agar CA FInal ka Result Withholded due to Extension ..
"To Pass hai ya Fail ,itna to wo batate hai kya"? , statement na sahi

IN GST appeal 10% pre-deposit to pay on tax or tax+interest+penalty

If somebody wants to register under composition scheme and the business activity is renting of immovable property. What should be the nature of business to be selected at the time of registration since lease and supplier of services options are blocked.