The assessee has a contract to supply material to ongoing repair works at Kedarnath. The daily Payments to laborers is 500,000 (Approx) in cash ranging from 500 to 800 persons & mules per day.As the people don't have bank accounts the payment is to be made in cash only.
The cash is being withdrawn from bank & tds being deducted thereon.
Can the tds be waived by the Income tax as the cash payment is inevitable due to remote area and other reasons
Also will Income tax leavy any penalty towards cash payments
I done trade in only FNO and Loss 80000/ from Turn over only 80 Lacs in FY 2021-22 with all digital transcation and no any other income so when I fille for AY 2022-23 ITR-3 upload, Message shows Your income less then 8 % and you need to Audit I have no any other income. why this message show.
As per rules for audit is above turn over 1 crore and total income exced above basic exemption limit then audit is require. so please give proper answer.
The assessee sold Ancestral land via plotting in parts & constructed a house after completion of land sale & consumed all the sale price in construction.
Can we treat the said sale as capital gain or should we take it as a Business Income.
The assessee has not been filing any itr for the past 10 years as there was no Income.
Hi Hello, I am facing problem with resubmissin of FiLLiP form which has been marked 'Resubmission' by MCA. And MCA helpline is not very helpfull as usual. The Problem I am facing is, Form 9 is downloading.
Please advise, thanks in advance.
Do you have ITR-5 in excel format ?? Couldn't get the same in internet.
Hi,
I am running my small practice and earning around 100k/mo.
I want to move to other city and considering Mumbai or Ahmedabad.
I want to know the scope, employee resources, and competition in these two cities.
I am considering below work:
1. GST
2. Income tax
3. Accounting
4. Audit
However, I am open to work in other area like transfer pricing or IFRS.
Any thoughts regarding this will be appreciated.
Thanks.
Honourable Bombay High Court in the case of Emcure Pharmaceuticals Limited V/s. Assistant Commissioner of Income Tax Central Circle 2(1), Pune and Ors. in Writ Petition No.5293 OF 2022 decided on 05.05.2022 has in Para 5, held as follows:
5. In view of the above, wherever the assessment order has been passed those assessment orders will stand quashed and set aside. So also the consequential orders/notices.
My query is that whether the quashing of assessments made in the cases of petitioners alone or all the cases where assessments have been made pursuant to notices issued between 1.4.2021 and 30.06.2021 shall stand quashed.
Please guide.
Sir
We have own Bolero and cars, in the name of Proprietor and running business of crushing and screening, whether we can take GST input on the expenses incurred for Repairs and Maintenance.
can we set off against our output tax.
Thanking you
Joshi
One client import of goods through Courier Bill of Entry-XIV for Home Consumption and paid igst 80000 on import . Same amount reflected in GSTR-2b. So can he take ITC against local sale in Maharashtra
Hellow
I m a direct entry student i have completed my 9 months article ship now my quesion is if i doesnot rejoint my article ship till i complete my CA inter what should i upload as declaration for exam form ...who will sign my declaration as im not associated with any firm should i upload my old attamp declaration which my previous principle under whom i have completed my articleship should be uploaded please reply as soon as possible
CASH WITHDRAWAL FOR LABORERS AT KEDAR NATH