Sir,
In 80JJAA deduction Calculation litle bit confused
Exmple: Ram oined our organization on 1/4/22 and he already employed more than 240 days

Salary of Ram : 15000/- Per month
Calculation : 15000X12 =180000/-X 30% = 54000/-

Can I claim it Sir under 80JJAA?

Dear Expert,
Kindly provide the GL code for Machine software installation charges, The machine is not newer one..


Best Regards
Praveenkumar

Even after checking the 2 boxes shown in 'Schedule Capital Gains' to be able to input STCG and LTCG, on the next screen I am not getting a chance to edit and add these values. This is in ITR3. Does anybody know how I can solve this problem?

Sir,
I am confused about the calculation of Deduction U/s 80JJAA
Exmp: our employer generates new employment Mr. x working with our company more than 240 days a year. and his salary 15000/- per month .

Deduction Calculation : (15000/12)=180000 X 30% = 54000/-

Can I claim this deduction? With filing from 10DA from our CA along with TAX Audit form

The A.O. has digitally signed the order under section "148A" on 30/03/2022 at 06:30 PM.
and the notice issued under section "148" has been digitally signed on 30/03/2022 at 01:30 PM.

That means, the notice u/s 148 was issued prior to order u/s 148A.

Can we challenge the validity of notice under section 148A/148 and then order under section 147.

Dear Expert,

We have deducted the TDS shortly on a salary deductee u/s 192A, but the deductee has paid the difference amount while filing his income tax filing as self assessment tax.. But due to short deduction we have got a demand notice..
In this case how can we adjust the deductee's self assessment tax with tds amount
Kindly advise and do the needful

Best Regards
Praveenkumar

AUTOCAD SOFTWARE SUBSCRIPTION TAKEN FOR 3 YEARS DO WE NEED TO DEDUCT TDS ON THE PAYMENT

Say, Firm follows fixed capital method.
suppose on partners capital account the credit balance through out the year was Rs. 300.

but from the partners current account they draw total Rs.10  per month. and current account got credited by profit, remuneration, interest etc on 31march ( end of year) value Rs.150.

Now. as per deed interest @12% is allowable capital account credit balance. which treatment is correct for allowable interest on capital under 40(b)?

1. @12% on 300 for 1 year?

2. @12% on 300 for march, 280 for april, 270 for may...............180 for march?

Dear Sir, We have availed input credit for civil works under plant&machinery capital nature, for this can we take input credit or not-please clarify

Please note that we are running a SEZ unit and sell goods (Used Chairs) to DTA (Domestic Tariff Area) to a local buyer . We have filed DTA Sales ( Bill of entry) in the SEZ online system and paid duty @ 18% through challan.

Please let us know if the same transaction of sales (of used chairs) to be filed/furnished in the GSTR 1 return.

Please advise whether DTA sales made by SEZ units under the filing of DTA Sales BOE need to be reported in GSTR-1.