I have filed ITR1 FY.2023-24 but get defective due to 26AS showing 94C deduction. Deductor also changed to 94J now. Response time also over what should I do please help me in this

My company is not registered under MSME but having turnover above 250 Crores, do we need to get ourselves onboarded on the Trade Receivables Discounting System platforms as per notification of RBI for Co's registered under the Companies Act, 2013 (18 of 2013) .

Or which companies need to get registered under this, please clear.

Regards

Respected Expert

In this year we crossed 10 CR Turnover, kindly advise when I have to Collect TCS or deduct the TDS

further, I have to collect TCS on every sales invoice & from every customer ?

Your valuable advise shall be highly appreciated.

A company incorporated in May 2024.
1.What will be the due date to file DIR-3?
2. Can we file DIR-3 by self or it is file by CA/CS?

is there any way, we can surrender trust's 12A and 80G registration ?

Hi All

If existing private company issue shares at face value (even though FMV is higher than FV), what are the income tax implications of the same in the hands of transferor and transferee?

Thanks in advance.

Hello Everyone. A client approached me to appoint me as an Auditor for his recently incorporated PVT.LTD company. He has already appointed a CA as his company's auditor at the time of incorporation and now he wants me to replace that CA appointed earlier. Now, i want to know the process of removal of an auditor and appointment of another auditor during the first year of Company Incorporation.
Please guide me regarding this.
Thanks in Advance

Hi sir

I have inherit a land on 01.08.2023 which was purchased in the year 2001 , sold the land on 15.12.2024. should i calculate holding period from 2001 or it is from 2023? and can i get deduction u/s 54 against this land

if income is :-
1 lakh income from other sources
2 lakh short term cap.gain from sale of equity share via listed exchange
49 lakh long term cap.gain from sale of equity share via listed exchange
----
52 lakh total income

how tax will be in (new regime for individual below 60 years) because, Long term cap.gain will be sepserately taxed at 12.5% plus surch + cess, right?

also, what is order to absorb within basic limit? 1st short term then long term righT?

my view:-
there will be surcharge but confused, as non-long term cap. gain is less than 50 lakhs.
(strangely,tax calculator after logging in income tax efiling is not showing quick links).

Me and my wife have purchased land on 17.09.12 by Rs. 23.32 lacs and 23.17 lacs seperately and sold it by Rs. 55.88 lacs & 54.57 lacs on 23.12.2021. By the amount of Capital Gain we have Purchased a Residential property Jointly in the name of my wife and myself amounting Rs. 68.24 lacs and claim exemption u/s 54. But in the assessment CPC Bangalore rejected the claim u/s 54 without any reason and issued demand notice to both of us. Would u pls suggest , what should I do now ??