I was employed upto 2016 and then I am unemployed. I have an EPF account and as I am unemployed, there is no contribution by the employer neither by me to this account but on the balance amount, interest is accrued every year. Do I have to show it as income in the Income tax return for FY 2021-22 AY 2022-23? Is this accrued interest taxable every year? The limit of 2.5 lakhs contribution by employee does not apply to me in any case.

Sir,
My client was running one RD with Post office and was reporting accrued interest of every year in his IT return. Now on maturity of RD entire interest amount of Rs 6 Lacs is now shown in AIS,
Whereas out of that amount Rs 4.90 lacs was already included in preceding tax returns of respective years. Now on maturity year he actually needs to report only one last year's interest which is approx 1.10 lac, instead of Rs 6 Lacs as shown in AIS.

How can I deal with this issue in AIS and IT Retun of AY 22-23
Pls guide on above issue .

Hello, my client's father is no more and my client is continuing his business in his own name. Can my client merge his father's balance sheet in his name. Is there any legal process. My client has a sister and mother. Is there any rewuirement for taking consent from Sister and mother?

What is the advantage of choosing QRMP over monthly return filling ?
QRMP seems to be almost same, but complicated.

We are the public limited company and also registered as factory under factories act.
One of our transporter wrongly charged GST at 5% in their freight in few bills. As we are the specified person and recipient of services, we are supposed to pay GST on freight under RCM. We have informed to the concerned transporter now he has stopped to charge GST.

We have not taken GST credit for freight which was wrongly charged by the transporter in few bills and it was accounted as expenses . On going through the GSTR 2 A , we observe that GST credit is reflected against our RC as credit for forward charge.

We request expert opinion whether we can avail the credit reflected in GSTR 2 A for the above

If I am shareholder of a company (25%+), can I also consult them and charges professional fees?
Will this payment be accounted under 'income from salaries' or 'income from business'.

Sir/Madam

As e-Way bills are made on challan basis from manufacturer and job-worker . When job worker raises invoice for job work done it will come in e_Invoicing ? if yes again job worker issue e-Way bill for services ?
Kindly reply

Ramdarash Prajapati

We are in Registered TamilNadu and our customer was in Nagpur, our customer was manufacturer by joint venture with Indian railways, so the place in Nagpur belongs to govt, As per Purchase agreement we need to store our products to meet Warranty obligation in customer place @ Nagpur and also get GST Reg without rental Agreement instead they are giving MOU and NOC to store our material at their place, is it possible to get GST registration ? plz resolve the issue

hello friends
if a real estate developer has received compensation from government towards compulsory acquisition of land so whether this compensation is indirect income or deduct from cost of inventory ,????

As per list of exemption -

1) Any person attaining 65 years of age and partnership firm both are exempted from payment of Profession Tax in Maharashtra

2) For the partners of any partnership firm and coparcener of HUF are liable for registration

If any partner of a partnership firm attains 65 years of age
whether he is liable to be enrolled under PTEC Maharshtra and pay tax or not?

Please reply

Thanks and Regards

Tribhuvan Purohit