E-FILLINGINCOMETAXINDIA>MY ACCOUNT>FILED RETURN/FORMS SHOWS THAT THE RETURN FOR THE A.Y. 2020-21 IS DEFECTIVE, DEFECTIVE COMMUNICATION SENT TO ME ON 05/03/2021 U/S 139(9). IN FACT, I DID NOT RECEIVE ANY COMMUNICATION/ORDER/DIN EITHER OVER MAIL OR SMS. 3 REQUESTS SENT OUT TO CPC>PROCESSING THROUGH E-NIVARAN, BUT DID NOT RECEIVE ANY REPLY. WANT OF PROPER DIN/ORDER OF THE CPC - I AM UNABLE TO GENERATE XML U/S 139(9) TO UPLOAD THE SAME THROUGH E-FILE>RESPONSE TO NOTICE U/S 139(9). YOUR KIND SUGGESTION IS SOLICITED.

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As per Company's act , is it compulsory that annual financial statements are to be prepared for period ending 31st March or Financial statement may be prepared for other period like 30th June or 30Sept because there are certain business where annual business cycle is different.?

dear sir,
i have taken excess input in gstr-3b of 20202021 and know i want to reverse this amount
please advice can i pay this amount through drc-03 as if i reverse this amount in 20212022 again differance will show in current year
with thanks

Sir, I have received an assessment order on 19/04/2021. I have to file the appeal within 30days from the date of order. so I have to file the appeal before 19/05/2021. I have taken the shelter of CBDT order and my new date will be 31/05/2021. Whether the limitation order by the supreme court is available for me to take the shelter to file my appeal beyond 31/05/2021. Please claryfy

According to Sec 194-I Any person, not being an individual or a Hindu undivided family, who is responsible for paying to a resident any income by way of rent, shall, at the time of credit of such income to the account of the payee or at the time of payment thereof in cash or by the issue of a cheque or draft or by any other mode, whichever is earlier, deduct income-tax thereon at the rate of—

(a) two per cent for the use of any machinery or plant or equipment; and

(b) ten per cent for the use of any land or building (including factory building) or land appurtenant to a building (including factory building) or furniture or fittings:

Provided that no deduction shall be made under this section where the amount of such income or, as the case may be, the aggregate of the amounts of such income credited or paid or likely to be credited or paid during the financial year by the aforesaid person to the account of, or to, the payee, does not exceed 52[two hundred and forty thousand rupees] :

Query no. 1 Is it Required to deduct tds if the amount of rent paid during the year is Rupee 2,40,000 ?

Query no. 2 In case of a joint Ownership where one joint holder gives consent to pay entire rent to another joint holder through lease deed, Is the threshold limit should be ascertained each co-owner wise or aggregated basis ?

Thanks & Regards

Sir

If a dealer send material for JOB Work out of India so he does not charge any igst on same , however when the same goods are sold after finishing jobwork sold overseas only , in that case how to raise the bill ??? and suppose wants to pay IGST on same and claim refund then how to claim the same since no shipping bill etc is available ???


Naresh Lakhani

Dear Sir

One of my relative died in the year 2016 and have some Fixed Deposits in the name of him.

Unfortunately Income tax return not submitted from A.Y. 2017-18 to A.Y. 2020-21. But TDS has been deducted from FD's every year and we are not able to claim the same as the portal not permit to submit the same.

Is there any way to file the same ?? Your advice in this regard really needed for avoid any legal dispute in future.

Thanks

Is there any way to claim the same b

Dear Sir,

I am having an excess balance of Rs. 3 lacs in my bank account of my Pvt Ltd company which came from my previous Income tax refunds. Can I give this amount as an Advance to another person (who is not a Director in the comany) instead of showing it as an expense.

If I show this amount as an expense the company will incur loss.

Regards,
Divyesh Jain

Dear Experts

In preparation of TDS return after giving a path for CSI file and on validation an error shows that is " Extension of challan file should be csi.". I don't make any change in the downloaded CSI file but still, this error is shown when I'm doing Validation.

Kindly suggest to me how I can resolve this error