Sir,

In FY 2020-21 My income from School Salary+ Tution Fees, Income from other Source interest from FDR and I Filed ITR-1. FY 2021-22 My income from Stitching of Cloth ( Business Income under Boutique ) Other source income from Tution fees and interest from FDR. But in Current FY 2022-23 my income is only School Salary+ interest from FDR so Can opted out from ITR-4 or every year i have to file ITR-4. so in this year can i go for ITR-1 is any problem face from IT department Please suggest

i am transferring every month a sum above Rs 50,000/- to dharmshala which has provisional approval of exemption u/s 80G (5) of Income tax act.

The above sum is paid as accommodation charges of staff members every month. And the same is shown as "BHET" (i.e. Donation) in the receipt.

I also claim deduction u/s 80G.

I just want to know whether i should deduct TDS u/s 194IB @ 5% (Being Individual)

Please advice

My mother has sold one society flat in December 2022 for ₹35 lacs.
Purchased in June 2016, Purchase Price was ₹20 lacs , stamp duty ₹140000 , registration fees ₹10000.
can we add stamp duty and registration fees in purchase price for indexation ?
we want to deposit this amount in capital gain scheme account.
Long tern capital capital is coming as ₹791818 (35L - 21.60L/264*331) , this amount we will deposit in bank account.

Dear Sir,
It would be under short term capital gain or long term capital gain in following conditions -

1. Residential plot purchased on April 2019.
2. Construction done during 2020.
3. House sold on July 2022.

Please clarify.

Hello Everyone,

I want to know that the GST officer can invoke the power of attachment of bank account under section 83 on the cause of GST returns pending only 2 months (i.e. December.22 & January.23) without notice or intimation?

kindly guide me

A PROFESSIONAL FILED ITR U/S 44ADA LAST YEAR BUT WISH TO GET AUDITED THIS YEAR, HIS TURNOVER IS LESS THAN 50LACS BUT PAYS A RENT OF ABOVE 50000 PER MONTH FROM THIS YEAR , SO IN SUCH CASE HE HAS TO DEDUCT TDS @5 % U/S 194IB?

THANKS IN ADVANCE

Here I want to know the time limit for rectification of the assessment order passed by the Assessing officer under the Gujarat Value Added Tax Act, 2003.

As per my knowledge, u/s. 79 it is within 2 years from the date of passing the order.

kindly correct me if I am wrong.

Thanks

We are a service provider (consultancy firm), and we used an agency to employ a security guard for our workplace. Recently, the agency sent out an RCM invoice.

My question is: may we input or claim this RCM? Please confirm.

Sir, as per report, PAN-Aadhar link is not mandatory for residents of Assam. But, if any resident of Assam want to link his PAN with Aadhar without paying late fine of 1,000/-, what is procedure ? As I did or find any such option in income tax portal.

A registered person runs his resturant business with the help of Swiggy.The invoice is generated in the name of that registered person. Now, the question is how to file GSTR1 and GSTR3B with the invoices generated?