Sir,
My client had not filled his Income tax Return for F.Y. 2020-21, now he want to file using ITR U facility.
But there is additional tax liability under ITR U facility, please clear whether additional tax liability have to pay in cash even if tax liability is equal to or less than 12500/- as 87A rebate amount.
Please guide and oblige.

If a person wants to make trading in stock market his business and he gets money from different people who like to invest in his business. He further wants to invest this money in stock market through his demat A/c then which type of entity should he incorporate and what are the legal compliances if any he needs to comply?

Hello,

How should one file income tax on amount received from foreign company outside India.
The amount is being transferred as NEFT and there is no form provided by that employer apart from payslip.

Should I just be calculating overall amount received and show it in income from other sources and pay tax according to my slab.

Note: Employer confirmed verbally that there is no tax deducted in foreign country. So there won't be any tax credit. There is no official document to prove this.

Thanks in advance.

I am a Mentha oil dealer. From April to May month i purchased mentha oil of Rs 15,00,000 and sold mentha oil of Rs 12,00,000. I paid taxes on 12,00,000 on forward charge basis. now my query is mentha oil is covered under Reverse charge, i had to pay taxes on 15,00,000 and Claim ITC On that in April to may month. Now what i can do i paid taxes on rs 12,00,000.whether i need to pay taxes on 15,00,000 again that will impact my working capital. please suggest me....

Whether Tax Auditor has to check investment declarations/proofs received from employees of the auditee ? What if the auditee does not share the details as the payroll activities handled by third party & details are not available with the auditee?

while filing the Form26qb in case of joint buyers, what should be value in box where "total value of consideration(property value)"? Whether it should be complete value of property or only the share of the buyer?
Example:- if property have is 1.2Cr and 50% share for 2 buyers, what should be value in "total value of consideration(property value)"

Company Owner Purchase Gold Worth 1,50,000.00 For Personal Use From Company GSTIN . Then What Will Be Entry In Company Books

What is current corporate tax %ge for pvt companies?

Mr.X has been accepting in bank and declaring rent income of a residential property in his personal ROI which was purchased in FY 2017-2018. Now in FY 2021-2022 the said property is sold for financing sons migration to foreign country for higher study and stay. Now when capital gain was required to be calculated, it came to knowledge that the said property's purchase and sale agreements are in the names of spouse and son but purchase was funded by Mr.X by borrowing loan in his name. The entire sale proceeds were received in sons bank account. Under the circumstances, who is legal owner, who and how capital gain to be declared. Please give references of sections, case laws etc.

Hello sir
One of our client filed GST return on April-June quarter 2021 by claiming wrong IGST input of Rs 21,000/-. He found the error and untilized the wrong ITC. But in last quarter return i.e. April -June 2022 he claimed the wrong ITC of Rs 21,000/-.should they use the DRC-03 to reverse the wrong ITC and how to calculate the interest amount