I have received Consultancy fees for rendering services to Asian Development Bank(ADB).
I want to claim exemption from Income Tax.
So can I claim exemption under United Nations (Privilege and Immunities) Act 1947 as it overrides whole Income Tax Act and the UN Act grants exemption from Income Tax on salary and emoluments received from UN nations.
Headquarter of ADB is in Philippines and it is a member of UN.
So can I claim exemption under UN Act 1947?

If merchant exporter is purchasing the goods from the manufacturer and container is being stuffed at the manufacturer factory,
merchant exporter booked the container and container will be sealed at the same time just after the stuffing and will directly be dispatched to the nearest customs
then who needs the sealing permission Manufacturer or merchant exporter
Please give your valuable suggestion

thank you

Can I know how could I be a freelancer in accounts field...

Sir, This is our retail industry some of the customer paying excess amount like 30/- to 500/- ..... it is accumulated as lakhs.. Some of the customer asking refund and some of the customer is not asking... So, that amt is fully taxable and we offered as income in our books...my doubt is whether it will covered under gst or not. Pls reply.

I am a sr citizen. and i ve income of interest nearly 25k per year thats only income from Bank deposits.
But now in jan 2022 when I ve been to bank for renewal purposes, I found that rs 5700 was less than the maturity value, for which they explained its tds , for which I promptly submitted 15 H.

When downloaded form 26 as , it showed that only 4800 was deposited as Tds with it department ..

What's my question is....

1.. what about the difference amount of 5700 minus 4800 I.e 1100.. to whom I could ask...

2.. can I get the refund if i file a belated return after 31st Dec 2022 for Ay 21-22... because I came to know that the bank ve deducted when ve gone to bank for renewal purposes only.

After all this money is hard earned and the bankers say that how do they know the difference amount, and they dint give form 16A in good proforma, they gave some form which shows different amounts with no proper data..

How could I proceed even after submitting 15h promptly every year.

HELP ME WITH THIS

Whether rent received from agriculture land is taxable or not ? Deductor has deducted TDS on rent paid.

If not, then is it considered as agriculture income as exempt income under the head other sources?

Dear Experts,
I am working with private limited company. We had received a advance of usd30000 from our overseas customer. Due to some reason we have been unable to fulfill their requirement and now we have to refund the amount. But the issue arise that am asking to my bank to refund the amount usd 30000, they are denying to refund money in usd. And said we can only remit the amount in INR equal to the amount received at that time. But at that time the usd rate was 72-73 and now the rate 82-83 if we return their money in INR then they have a loss of 2500-3000 USD. You please advice me on that the bank justification is correct. Here we are unable to fulfill customer demand which is our loss not their. Its very difficult to convince to the customer that we can refund only usd 27500. In case of Export our bank send reminders even for 1usd then how the overseas customer can accept the loss of 2500.

Can we use Form 15G for interest on FD deposited in a Nidhi company

Sir,
Our company 2021-22 Yr (26Q-Q4) TDS Returns some TDS Deduction amounts not showned. And also some TDS Payments are not done. Actually that TDS Deduction amounts & TDS payment are done by October-2022. Can we show the Current Year TDS Return (i.e. 2022-23 year 2nd Qrtr TDS Return). Or revised Return to be filed? Pls. let me know the reply sir.

Thanking Your,
G. Sasidhar Kumar
Accountant.
Hyderabad
my mail id : gsashidharkumar28@gmail.com

Sir,
A Gst registered composition scheme dealer sales of goods turnover rs:52 lacs only show in gstr-4 f.y.21-22 .but dealer sales turnover rs:60 lacs and commercial rent rs:1,20,000/- show in it returns in f.y.21-22.
Question:
1.Dealer difference sales turnover (rs:60 lacs - rs:52 lacs ) rs:8 lacs show procedure and tax pay procedure in gst act
2. Dealer commercial rent income rs:1,20,000/- show procedure procedure and tax pay procedure in gst act