Hello,
Had a query since ITR 2 was filed for LIC Agent Commission Income now, Department have issued defective return notice, but unable to revise the return or respond to defective return notice with new Form Type ITR 3.
Process of filing is getting stuck at last for validation in both cases u/s 139(5) & after selecting option respond to Notice u/s 139(9).
Even manual Utility is having issue at Point - whether you are Director of any co ? Green Field Macros is not opening to let me answer Yes or No. Despite macros have been runned properly, this field is still Grey & protected.
Can anyone help?

Dear Experts,
A Remark came from MCA asking for the following details for Name Registration process:

Kindly give me the required format for the same.

1. A declaration is required as per Rule 8A(1)(p) of Companies (Incorporation) Fifth Amendment Rules, 2019 stating that the requirements mandated by the respective regulator have been complied with.
2. NOC

Dear Sir

Based on sale turnover in order to encouraging our hotel staff we are paying monthly incentives approximately Rs 5000/.
Any statutory such as PF ans ESI attracted for this amount. We are paying Income tax for this .
Kindly clarify.

Dear Sir,

We are seeking your assistance regarding the HR services we are availing. We have received an invoice that includes the following details:

- Description: Manpower Supply Services(Salary)
- Two separate columns for:
1. Salary Amount
2. Service Charges

Could you please help us determine which TDS applies to this invoice? Additionally, we would appreciate your guidance on how to identify whether this expense falls under Section 94C or Section 94J of the tax regulations.

Thank you for your prompt attention to this matter.

Best regards,
Shafiya Kulsum

Client's Case :
My relative would like to send the following amounts directly to my bank account from abroad for the following two purposes :

1. An amount of Rs. 10-15 Lakh for the purpose of cost of education of my son.

2. Another amount of Rs. 10-15 Lakh further utilising which I shall purchase a residential house for myself.

Queries :
1.What will be the income tax implications of the above receipts in the hands of the recipient who is a resident and ordinarily resident individual in India having no other source of income at present ?

2. Will the implications be any different if the amounts are smaller, say Rs. 5 Lakh in each of the above cases ?

3. Will there be any implication of FEMA provisions on the recipient for receipt of above amounts from abroad directly into his bank account ?

Thank you and best regards.

How can I differentiate between a fixed asset and an expense? What factors should be considered for categorization? If I purchase something under Rs. 10,000 and it has a durability of more than one year, should it be considered a fixed asset?

Dear All

Please note we are providing travel allowance per day - for foreign travel based on grade of employees, in USD. Based on categories of employees, amount of USD varies from 5- to 100 USD per day. This payment is done to their bank account, and this is done as per HR policy. We account this expense as Travel Expenses. Can you please suggest whether we have to deduct TDS for the same?

Forgot to deduct the credit note issued figures of HSN in July 24 GSTR 1A. Should had given negative figures. Is it ok to deduct the same from August GSTR 1 HSN?

RESPECTED SIR
PURCHASE OF JCB FOR RENTAL SERVICE IS ELIGIBLE FOR ITC . ITC NEAR ABOUT
560000 . HE ALSO USED IT FOR HIS BUSINESS. PLEASE ADVICE THANKS....

I have engaged in a private company; Company has Mediclaim policy with United India Insurance. As per the company policy employee can top up the limit of mediclaim under the same policy .

For Example Company paid for medical insurance Rs-4000/- for covering medical insurance of 4Lcs for individual employee, in the same policy the insurance company provide an option to top upto Rs-6 Lacs for which Employee has to pay Rs- 1000/- which will be deducted from the salary of the respective employee. Although the single policy is in the name of company but the insurance company provide separate Mediclaim card for availing the medical benefit for every individual.

In this regard my question whether the respective employee can claim [partial portion] u/s 80D and which documents or proof is required to be produce for claiming the deduction?

1) Policy Single in the name of the company
2) Entire payment initially made by the company and enhance amount will be adjusted in the subsequent period by adjustment of salary.