I want to know whether late filing fee on tds 24q statement is eligible for considering in the amnesty scheme. If yes , how to file the application.

If an individual files a return with RNOR status, is he required to file Schedule FA and declare foreign assets? Also, is he required to declare foreign income?

My husband had nominated me in his PPF Account in the year 1998. After his death when I went for it's claim, I was told that the nominee name is feeded as (,anisha) whereas my name is Manisha. The address details feeded were correct and are same as that on my adhaar. What can I do to claim the amount?

Thanks for your reply sir.. please consider below example once and confirm whether my understanding is correct or not.

For example Mr. X earns salary Rs.50,000/- per month from january 2022 to september 2023 and later on increased to Rs.60,000/- and tax payable for fy.2022-23 is Rs. 23,400/- on 6 lakh salary (1,950 p.m) and for fy.23-24 is Rs. 35,880/- on 6,60,000 salary (2,990 p.m) (tax computation done as per old scheme).

As per above provisions of sec.192 TDS of march 2023 salary paid in april 2023 and March-2024 salary paid in april 2024 and accordingly TDS need to pay in 7th may. Based on above Salary particulars as per 26AS for the FY.2023-24 is Rs. 6,50,000/- ((50000*7-including march 2023)+(60000*5- EXCLUSING MARCH-2024 SALARY)) and TDs amount is Rs.34,840 (1950+32890) but as per sec.15 the salary amount to be reported in IT return is Rs.6,60,000/- and TDS amount should be actually 35,880/-...

The above difference exist in form 26AS and IT return based on provisions of sec.192 and sec.15..

Is my understanding on above sections is correct sir.

PROJECT REPORT FOR COMMERCIAL VEHICLE LOAN

whether cash back received to be adjusted with with drawing in the case of expenses for personal purposed.

Respected Colleagues,
If person filed Form 10E of AY 2022-23 with wrong figures and assessee claims relief in ITR but IT dept. determined demand without being given effect of Relief in Intimation 143(1) due to Form 10E not filed proper, now can assessee exercise rectification of ITR and Form 10E to rectify the clerical mistake ? Kindly provide alternate way out to nullify the injustice demand............Regards

I used the SAC code 998898 for Job work of Ms fabricated material instead of SAC code 998873 in multiple E Invoices. What is the penalty for that mistake?

If resident parent gifts real estate to non-resident son, does it trigger any reporting obligation or have any tax implications?

Sir/Madam, I have a small doubt regarding section 192 TDS on salaries and section 15. Salary head charging section..

u/s.192 TDS on salary need to deduct by employer at the time of payment of salary for example if april-2023 month salary paid in 2-may-2023 then tds need to deposit to government by 7th of june-2023 both for government employees and non government employees. like same march-2024 month salary paid in april-2024 we need to deposit the tds in may-2024 that means salary related to fy.2023-24 but the same is reflected in fy.2024-25 to the extent of march-2024 salary.

But sec.15 says tax need to pay on salary due or receipt basis which ever is earlier.

Based on above there is conflict between sec.192 and sec.15 as under sec.192 we are getting salary details on our form 26as from march 2023 to february-2024 but based on sec.15 we have to pay tax on salary earned from april-2023 to march-2024.

Can you please clarify my above doubt as sec.192 wording are like this.......income-tax computed on the basis of the rates in force for the financial year in which the payment is made, on the estimated income of the assessee under this head for that financial year.

Thanks in advance