Dear sir,

Pls clear the concept : Actually : I have to pass provision Account for " Interest paid on late payment of Tds towards month of March 2024 is Paid in 27th July 2024 . Could i take provision of

Interest on late payment of Tds A/c "dr" ,
To Interest payable on late payment of Tds A/c " cr"

on 31st march 2024 or Not .
=> Tds of March 2024 payment date is 30th April 2024, But tax paid on 27 th July 2024

(How may months would be consider for calculation for f.y 2023-24 or fully expenses would be consider in f.y 2024-25 ?)

Respected Sir/Madam,

one of my client has not enabled audit trail during the Financial Year 2023-24 and also they have not conducted any transcation in company during the year whether i required to qualify my opinion in audit report beased on audit trail not conducted or i can give clean opinion and just mention audit trail paragraph in Auditor’s Responsibilities for the Audit of the Financial Statements.

kindly suggest.

CPC intimation order is showing ITR processed. There is no payment due.
But if i check ITR status in IT website Dashboard its showing ITR processed with demand due if i try to pay its showing Zero. Can i ignore this order

Thanks in advance
Sameer Joshi

On perusal of the said registration deed, it is seen that the Sale consideration of Rs. 17,81,400/- has received in cash from the purchaser as mentioned above. The said receipt of the Sale consideration of the immovable property in cash, is in violation of section 269SS of the Income Tax Act, 1961. Hence, a notice as per section 274 read with section 271D of the Income Tax Act, 1961, is hereby issued to you and you are requested to explain as to why penalty for violation of section 269SS of the Income Tax Act, 1961 shall not be levied on you for accepting the sale consideration in cash i.e. in the mode other than the modes specified in section 269SS of the Income Tax Act, 1961.
Your explanation is required to be submitted.

Hello sir,
Date from which it is continuing as a proprietorship firm : 23/06/2017.
Constitution of firm as on : 01/01/2018.
sir, from which date should I fill the firm closure form.

In LLP, If partner retires who has already over drawn form LLP (having Negative Capital balance) , still getting X amount on retirements because there is an appreciation in value of Immovable property (which is currently shown at book value only in balance sheet)

How to show this excess amount paid to Partner in LLP as well as in Partner's books of Accounts ?
What will be the tax implication in both (LLP and Partner) ?
Is LLP have to show revalued figure of Immovable property in Balance sheet?

Is there any provision under Income Tax Act, 1961 to treat cash withdrawal from the bank account as income from other sources?

Respected team
I have a question that medical allowance given with pension to the retired judges is exempt from tax or not ? If exempt from tax please clarify under which section . Thanks

Can exemption u/s 54 be claimed for sale of multiple flats and purchase of One residential house property?

Our product falls in 3% GST rate. We recover courier charges from our client by mentioning the same in the invoice itself.The issue is that- courier company charges 18% to us.How should we charge the same from our client and at what rate??