we are a educational institute and we may start 7th pay from Apr 2022
so if my question is

1) 7th pay say salary increment is 3% every year Jan or July - so do i need to calculate increments for those exist before year 2016- from 2016 to july 2021?

request you to give a example also


thanks in advance

What is included in PF basic salary

In B/S of Prop. some amount of creditors was unclaimed for many years. and the same was added to capital account of prop. What will be effect on assessment in incometax. Can ITO charge tax. and further consequences,? Opinion sought

Dear Sir,

We have filed wrongly NIL returns R1 & 3 B for the month of Jan 22 to March 22 by mistakenly instead of the Gujarat office we filed the Mumbai office NIL return.

We have a tax liability for payment 3b on March 22. We want to pay the liability for the month of March 22 & also want to file the R1 revised from Jan 22 to March 22

Please advise us on the above.

Thanks

Hello Members,

While filing IT Return for the AY 2020-21 (Financial Year 2019-20), TDS amount was not claimed at the time of filing of return. This was realized later on by when the revised return deadline had also passed. Despite raising repeated query on the Income Tax Portal there is no positive response received from them.
Could you please help what are ways in which we can claim the refund of the TDS amount which was missed at time of filing of return.
Also can we go to Ombudsman in this case as the replies coming from the IT Query portal are not guiding to next steps of actions to be taken.
Thanks
Gaurav Jhanwar

I have filed form INC-20A after 180 days and I have not received the certificate of commencement of business. I have not received the certificate because I have filed delayed form? Does any one guide me through this.

Respected Sir / Madam
Ii have filled Application to opt for Composition Scheme for F.Y. 2022-23 Vie Form CMP- 02, on 15-03-2022 and Same has been accepted

Can I Cancel this Application because i don't want to go in Composition Scheme now

Namaste sir

Our NRI property seller at Hyderabad is unable to obtain TDS certificate from IT department thereby inhibiting us to deduct TDS tax
Instead the seller is compelling us to get the property registered at discounted price of 20.22 % less of property value so that he can go back to America

Now after registration of property we as buyers can it be possible for us to reduce TDS tax by submitting all relevant papers to auditors and pay TDS to IT dept

Because it is 15 years old flat

Please advise

Regards
Hari

Resp. Sir/Madam,
What is present stamp duty rate ( in Maharashtra wef 01.04.2022) for Form STK-3 (Indemnity Bond) and Form STK-4( Affidavit) ?

Respected Sir,

As per the CBDT ruling linking of Aadhar with PAN will attract a penalty of a sum of Rs 500 from 1st April, 2022 on account of penalty of late linking. Even today a majority of the people is not aware of the fact and therefore Adhar could not be linked with PAN just because of the unawareness. As such it is not fair on the part of the Government that even a poor class person should pay Rs 500 on account of late linking. I would like to know whether nobody has disagreed on this issue