I had filed Income Tax Return for AY 2018-19 and got some refund too.

Recently, some errors in my Return has come to my notice, as a result of which I shall have pay to more tax instead of refund.

I want to file a revised Return now rectifying the earlier errors and pay the tax due.

What is the procedure ? Under which Section can I do it ? In addition to the tax due, what are the other amounts I shall have to pay (interest, penalty, etc) ?

Please guide me.

suppose a person is having 90000 per month salary and we are issuing the salary slip to them and on that we are just mentioning the Basic pay 90000 and in deduction 200 professional tax and in net 89800 ..

So it is right way to issue the salary slip without any other head ? in this case then full 90000 will be taxable ?

Hi,
Can CA as paid assistant in CA firm subject to TDS 192 or 194J?
also whether can he take COP in his name and start his own practice?

While filing form 15CB remitter bank detail is required, in our case the bank branch is in London, so no BSR Code is available then what to do to file form 15CB.

Our's is cooperative society. we want to file IT returns u/s 139(8A) of the IT Act for the A.Y.2020-2021. In this connection, shall i claim deduction u/s 80P of the IT Act then how much i pay tax for filing of return of income u /s 139(8A) of the IT Act.

Hi Anyone have DSCR Sheet?please share it on priority

Dear Sir

Please suggest we have cash Credit Limit in HDFC bank and some Unsecured loan from Relative so in balance Sheet we have to show under Long Term Borrowings Or Short Term Borrowings

A party issued a e invoice with Reverse Charge but reverse charge not applicable on that Item what i do in GSTR-3B Because bill Showing in the GSTR-3B Table3.1 (d) Inward supplies (liable to reverse charge) and in GATR-3B Table-4 (3) Inward supplies liable to reverse charge (other than 1 & 2 above) What is the Solution of this Problem

A shareholder, Mr.A holding 99.8% of shares in an Unlisted Public Company (Say, M/s.ABC Ltd) wishes to Pledge his shares. Whereas the Unlisted Public Company is a member holding 9.03% in a Listed Company (Say, M/s.XYZ Ltd). Mr.A is a promoter of both the said Unlisted M/s.ABC Ltd and M/s.XYZ Ltd. Is there any compliances needs to be carried out in the said companies for pledging of Mr.A's shares in Unlisted Company. Kindly share your views.

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

The assessing officer has closed the assessment proceedings for the AY 2013-14 with demand in the month of March - 2022 in the case of Mr.A. The case was again reopened u/s 149 as per the judgement of Hon'ble supreme court order in case of Union of India v/s Ashish Agarwal & others.

Mr.A has submitted response and disagreed with the outstanding demand on the portal as the case was again reopened u/s 149. Hence, the old order stands void. But the assessing officer has adjusted refund against the outstanding demand of last 3 assessment years.

Mr.A has filed writ petition for the same in the Hon'ble High court and the decision of High court comes in favour of Mr.A and Hon'ble High Court has quashed all notices on the ground of limitation.

Mr.A had also uploaded stay order on the portal in the response of outstanding demand but still the assessing officer has adjusted the refund against the outstanding demand. Mr.A has also submitted the submission regarding the same to the jurisdictional officer. Is there any other way to communicate CPC to issue the refund and remove the outstanding demand on the portal. ??