In one of our cases there was carry forward losses of Rs. 7766600 till assessment year 2016-2017.
The bifurcation is as follows:-
Assessment Year Losses

15-16 2823050

16-17 4943550

Total 7766000

The same losses has reflected in my above Return of Income tax till assessment year 2016-17. While submitting the ITR for A.Y 2017-18 by mistake the above carry forward losses were not considered, the loss of A.Y 2017-18 was only considered and carried forward.

This has continued till assessment Year 2022-23 the carry forward losses of Rs. 7766000 is duly reflected in the ITR and disclosed to income tax till A.Y 2016-17. Sir, how can I deal with the above issue that arose due to clerical error, so that the above assessee would be entitled and take the set off of above losses Rs. 7766000.

I would like to mention that this was audit case cover under section 44 AB and even every year the audit report and ITR is submitted in due dates.

Nil nil Nil nil

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I have a joint savings ac with my son and i am 2nd joint holder. I made a tax saving fd of Rs150000/ online from mobile application for my son. But the fd is issued in my name. Can my son claim the income tax exemption. Please clarify?

Dear sir

Verify Return-Not Done with in time so now Now while Verify this is message (Since the return is not verified within the time allowed, same is deemed to be never furnished)

please Advise me What to do and I have 25000- Refund Amt

Thank in Advance

Sir/Madam

Required EPF Calculator in excel format
Also required following-
1) detail definition of Salary means and other definition
2) If Basic Salary more than 15000 then on how much EPF will be deduct??
3) IF Basic Salary more than 50000 then on how much EPF will be deduct??
4) If someone contribute EPF only on Basic Salary and not to contribute in EPS then it is possible or not??

ITR AY 22-23 was filed in Dec 2022 with late fee, but could not verified in stipulated time.It was treated by Deptt that ITR never filed. Can updated ITR be filed before March 2023 Or any other remedy is available. Ld. Experts Opinions are welcome.....Thanks

ABC partnership firm received annual rent on Factory shed of Rs. 12 lacs. ABC partnership firm has borrowed money for the said factory shed and pays interest for the borrowed money. Whether interest can be allowable as deduction u/s 24b interest under the head house property ?

Dear Sir,
It is liable to pay reverse charge GST on day to day Local carting charge paid to Tempowala.

PLEASE CLARIFY.
Regards,

Dear Sir/Madam,
My client is a partner in a firm whose accounts are audited so he will file return only after the tax audit report is uploaded but the thing is he is getting notices of delayed filing of return and demand is raised, software does not have that option as in partner in a firm whose audit is done, I don't know how should I mention this in return so that notices are not issued by the department and how to rectify this.
Thanks in advance

Dear Sir/Madam
Challan accepting by bank are in new mode which is generated through Income Tax portal.
Various department deposit the tax in new mode where CRN alloted and challan validity up to 15days.
But the challan is not refelected in Oltas(tin nsdl).
How...? quarterly return of 26Q & 24Q will be submitted.
Thanking You