Kavita R
10 December 2022 at 18:44

Transfer of property or sale of property

Kindly clarify urgently the below in case of deemed public company

1) Does transfer of property mean the same as sale of properties?
2) Will the transfer / sale of property be considered under 180(1)(a)?
3) if yes, do we have to file MGT-14 for special resolution to be passed?
4) do we have to mention the amount in the board resolution?

Thank you in advance.


Kammy Singh

Sir, Having net income of 2lakh only why CPC created a demand with surcharge .
(30%+37% surcharge + 4% Edu Cess). MMR amounts to 42.744%

My understanding is surcharge is levied from Income 50lakh and above .
Could there be a glitch in the system? The demand if not paid, interest of 1% is levied per month.

How to reply to CPC in this case.
Pls. give incite on this issue (AY 2021-22)


Shweta

For the Assessment Year 2022-23, Mr A received an email regarding proposed Adjustments under section 143(1)(a) from cpc-income tax india regarding the deduction claimed under section 80GG for which aform 10BA was not filed. Assesse discovered there are other errors in the filed return that needs correction. He also discovered that 80GG was selected in error. In response to 143(1)(a), he agrees to proposed Adjustments.
He files the revised return on 10th December u/s 139(5), he has received intimation under 143(1) for demand of Rs 5,735 (5,000 under section 234F and Rs 735 under section 735 ).

1. Is 234 A and 234 F applicable in the above case?
2. Whether Mr A should make the payment as it is less amount ?
3. What should Mr A do?


Chandra Kala

Trust registered under 10AC as per finance act 2020 is for which permission is granted up to A.Y.2024-2025 being registered provisionally which is again required for re registration.


Karthick J

I got an outstanding tax demand under section 143 (1) for A.Y21-22, for Rs.6140 on 21-Jun-2022. I paid the same immediately on the same date, under subsection 400 "Tax on Regular assessment".
I responded to the tax demand in income tax portal with the challan details on 23-Jul-2022, almost a month later.
But still that tax demand is open and interest is getting every month for the last 6 months.
I got a reminder email from CPC on 12-Nov-2022, asking me to pay the outstanding amount of Rs.6140.
On receiving the above email, I submitted a grievance on income tax portal with the above mentioned issue. So far I have not received any response on the grievance
And now, I have got another "Reminder-2" email from CPC on 10-Dec-2022, asking me to pay the outstanding amount of Rs.6140.
I checked this amount of Rs.6140 is reflecting in my Form 26AS for A.Y21-22.
What should I do next? Please help me in resolving this outstanding tax demand issue.


Kollipara Sundaraiah

SIR,
1.It person source of income remuneration and interest income from partnership firm(professional)
2.it person expenses of car depreciation and car expenses and cellphone and salary paid expenses
Query:
1.Assessee remuneration and interest income only sec 44ada provision eligible in it act.
2.above mentioned expenses remuneration and interest income against income claimed allowed in it act.


Jyoti@2022
10 December 2022 at 08:03

Incorporation Form challan

The name has been approved but the incorporation form challan status shows as payment not applicable, if I cancel the SRN of the incorporation challan so will I be able to use the same SRN of name approval?


S.Jegadeesan
09 December 2022 at 19:16

GST Reconcilation Statement 9C Reg

Sir,
I would like to clarify some regarding GSTR 9C .Whether Late Fee and Penalty will be applicable even though GSTR 9 has been filed within due date and 9C filed after Due date while the Turnover exceeds Rs.5 Crore ?


Ashim kr Ray
09 December 2022 at 18:01

Loan received from abroad

Sir,

A person has done business while he is in russia , with his partner . As he return to india after closure of his business ,his partner is returning 50k euro which is near about 50lac in india.

Can he take the money ,he has no ITR return neither in abroad or in india .
Please suggest what to do.


Kollipara Sundaraiah
09 December 2022 at 15:40

Cash loan from proprietor name accepted

Sir,
A individual status business person proprietor name Mr.A and cash balance low availability in books.cash loan from proprietor name Mr.A show in books.
Question:
Cash loan from proprietor name Mr. A transaction accepted in it act.





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