I have a doubt regarding the Income Tax Return filing of a doctor. Up to FY 2021-22, we had opted for Section 44ADA of the Income Tax Act. However, during FY 2022-23, the total receipts exceeded 50 lakhs, so we conducted an audit and filed both the ITR and Form 3CB-3CD. In FY 2023-24, the total receipts again exceed 50 lakhs, and the professional fees are received in the bank with no cash receipts. My doubt is whether we can opt for Section 44ADA during FY 2023-24

ITC RECIEVED DURING FY22-23 WHICH WAS AVALIED IN FY23-24 WHERE TO SHOW THIS IN GSTR9 23-24
AS PER ADVISORY ISSUED WE DONOT NEED TO SHOW IT
PLEASE CLARIFY THIS IF WE NEED TO SHOW THIS WHERE TO SHOW THIS IN GSTR9

There is a case in which deductee party's pan was inoperative when the return was filed hence there is a demand to deduct tds at higher rate. After which the pan becomes operative and hence we have revised the return with same deductee entry, but the demand is still outstanding.
Please guide us what should we do further.

And futher can the demand raised would be lapsed?

Hello Members,

Client holds ESOP shares, which are not listed in India.
The disclosure of the same was done as part of the AL (Assets and Liablities ) and in Other info also as part of the Unlisted Equity Shares. Further whenever part of the ESOP were sold the same have been offered to tax under Capital Gain as unlisted equity shares.

The shares are acquired as part of ESOP and the same are disclosed also in ITR, overall there is no concealment of Shares or money laundering activity under the Black Money Act as such.

But since the shares are of a foreign company, do we necessarily need to disclose this under the FA schedule and file a revised return?

Regards

We are into manufacturing industry and our parties deducted TDS on goods and make payment. However a few parties have made payment of FY 2023-24 now. I have already filed my returns and claimed all the tds available at the time of filing the returns.

What should be do about this TDS which the party has paid now and is unused ?

Is there any solution to use this TDS amount ?

income from House Rent, one and more then which I T R form should be file?

Capital gain calculationOF FLAT on which date agreement date or ossession date

Dear experts
I have received the final copy (UDIN updated) of Form 15CB and Form 15CA for NRI remittance from our CA. However, there is an issue: the beneficiary provided the wrong bank name. Is it possible to update the name in both forms?

Experts Kindly advice

Sir,

One of my friend has reversed the in-elligible ITC under Table 4(b)2 in the FY 23 - 24 instead
of Table 4(b)1 in 3B return. The said ITC is getting reflected in the "Electronic Credit Reversal and Re-claimed Statement". Now, he want to re-claim the said ITC and reverse is properly under Table 4(b)1, since it is ineligible ITC.
Should he reclaim and reverse the amount in the same month itself ?
Because, he reclaimed the amount in the previous month return ( Oct 24 ) and while trying to offset it
in the current month ( Nov 24 ) return, the system is raising liability to that extent.
What happens to the reclaimed ITC ? Actually, he is reversing only the amount, which he
has reclaimed.
How to solve this issue?
Pls. advice.

IF ANY...COMPOSIT DEALER....

PAY RENT 15000....IS GST APPLICABLE....

RENT RECEIPTS RECD..... ON WHICH....NO GST...CHARGED....

EXPLIAN IN DETAILES...IF POSSIBLE....

COMPOSITION DEALER........PAYING RENT..........REGISTERED IN GST..

OWNER..RECEVEING RENT.........UN-REGISTERED UNDER GST