My wife is running a proprietary firm and i am working there as a regular employee.. Can i claim salary form my wife's business? Is salary paid to me as admissible expense in the books of my wife's business

Hi,

Getting contradicting suggestions on how to report Foreign Dividend Income on ITR Schedules OS and SI.

One method is to also report Foreign Dividend Income in Schedule OS under Income chargeable at Special Rate as well as report Quaterly Breakup of Dividends under chargeable at DTAA and on the Schedule SI input the Tax credit amount; while the other method is to not report it under Income chargeable at Special Rate and club Foreign Dividends with India Dividends to have them taxed at Normal rate in the quarterly breakup section of OS too.

Appreciate feedback on the appropriate method to report.

Thanks!

UNEXPLAINED EXPENDITURE IS DIFFRENT FROM UNACCOUNTED EXPENDITURE? CAN CIT REVISE ORDER OF 147 UNDER SECTION 263 BY PROVISION OF UNEXPLAINED EXPENDITURE U/S 69C IF SUCH EXPENDITURE IS SHOWN IN BOOKS OF ACCOUNTS?

Dear All,
I have filed GSTR 1for the month october 2024. In that one credt note invoice no is wrong. how i will change the no.

Thanks and regards
panduranga

I have a GST number for a Food grains retailer and am filing my returns on time. However, I am starting another business as a labor contractor. Can I apply for another GST number with the same PAN number?
Can I Get TWO GST Numbers with the same PAN number?

Is it necessary to keep TIN number of the importer in commercial invoice ?

Dear Sir,

One of my client has an unclaimed TDS in his 26AS of Rs. 50,000/- for AY 2023-24 which was not claimed while filing his Income Tax Return. The Income earned with respect to TDS was shown in that year.

Can he claim TDS while filing his return for AY 2025-26 since he got the TDS credit late in December, 2024.
Please help me in this matter.

Thanks,
Divyesh Jain

WHAT IS UNEXPLAINED EXPENDITURE? CAN CIT OR AO PASSED NOTICE BY CONSIDER BUSINESS EXPENDITURE AS UNEXPLAINED EXPENDITURE UNDER SECTION 69C?

depreciation on aqua guard office equipment as per companies Act?

Is gst applicable or not on sandalwood plant & teak plant?