Respected Sir,
on 31.05.2021,You have suggested FOR BELOW MENTIONED QUERY to file ITR again since time limit to reply against defective notice might have been lapsed. Kindly let me know under what section to be applied for proposed itr filing? Regards,TARAK KUMAR ROY

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.

Mr X's son took a education loan to fund studies abroad (Loan Amt 40 lac approx). Due to pandemic he was unable to get a job. Due to high EMI cost Mr X now wants to sell one of his house property to pay off loan. Are there any benefit or deduction he can claim for the same.

Thanks in Advance

Dear Experts,

We are company paying rent rs 19500 per month to X ( Individual ) as per agreement. Upto Feb'21 we have already paid rs 214500. LL has demand higher rent hence we have amend the agreement and revised rent rs 26500 paid from Mar'21 onwards. In this case we came to know the rent amount exceed rs 240000 in the month of Mar'21 only. In this situation , TDS should be deducted for 241000 ( 214500 + 26500 ) or Rs 1000 only.? Please share relevant case laws if we need to deduct TDS rs 241000.
Please clarify the same.

I AM GOING TO SELL MY PRESENT HOUSE PROPERTY VERY SOON. I WILL ALSO BUY A NEW HOUSE PROPERTY SOON SAY WITHIN THREE MONTHS TIME.
SHOULD I KEEP PURCHASE CONSIDERATION RECEIVED FROM OLD PROPERTY IN MY PRESENT BANK ACCOUNT OR I NEED TO OPEN A NEW SEPARATE BANK ACCOUNT FOR THIS PURPOSE.
I NEED TO SAVE MY LTCG U/S 54.
WHAT SHOULD I DO! PLEASE ADVISE ME.

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