Chandra Kala
29 March 2024 at 16:54

Approval order

Condonation for delay in submission of form 10BB has been allowed by the Commissioner of Income Tax (Exemptions) for the A.Y.2023-2024. Please let me know how to inform to the CPC


Eswar Pendyala
29 March 2024 at 15:50

Income Tax computation queries

Good Afternoon to all

Do we have to show "Transfers from other bank account" as income or can be ignore ? Why I am asking this, this transfer is declared as income in other account..

Kindly do the needful


Kollipara Sundaraiah

Sir,
Assessess pan number allowed previous 20 years pan card old .
Question:
Assessess generation new instant pan in it portal allowed .


Amit
29 March 2024 at 13:36

Applicability of 43B(h)

Whether 43B(h) Is Applicable on those Companies on Which Tax Audit is Not Applicable. i.e. Turnover Is Less Than Tax Audit limit.


Auditor office

My client was a NRI. he has NRE Interest Income (exempt u/s.10(4)). He has HP income Rs.48300 only in India. How declare in updated return and which section to be filled. He has also TDS Rs.14000/- for NRI remittences u/s.195.


Suresh S. Tejwani
29 March 2024 at 12:22

REGARDING PARNTERSHIP AGREEMENT

If MR.A and MR.B are two partners of existing firm now both partners decided to retire and 2 new partners are going to admit in such firm,
Now admission cum retirement deed is to be prepared or existing firm is to be dissolved and new firm is to be incorporated?


Viral

Dear Members,
I have a query for the facts as under:
# Return was Originaly filed within due date for AY 2018-19.
# Notice u/s 148 was issued on 11.05.2022 to file Revised Return, Return was filed with same figures as per the Original Return.
# Later Replied Filed for Notice u/s 142(1).
# Assessment Order passed u/s 147 rws 144B by Assessment Unit under Faceless Scrutiny.
# There is No Addition of Income.
# Income and Tax in the Computation sheet and Original/Revised Return are same.
# Credit of TDS and Advance Tax is properly given

But in the Computation Sheet for Order there is Interest u/s 234B and 234C shown as payable for an amount of Rs. 1,15,901/-. Though actually all the Advance Tax was paid correctly... Still there is a demand of Interest...

Query:
What is the recourse for the Demand.. As there is no Addition of Income.. Should we file Appeal ??
Request Guidance of Seniors and anybody aware of such a matter.

Thanking You.
Viral Vora
9702556399


Krishna

For AY 2019-20 charitable trust return is filed after due date & also report not filed in form 10B. Therefore cpc does not allow exemption u/s 11 & calculate tax on gross receipts. Now can we file condonation request for delay in filing income tax return with CIT (Exemptions)? & condonation for delay in filing form 10B with CBDT to get exemption u/s 11 ?. How to submit the condonation request with CBDT ??
Please reply.
Thanks in advance.


Mahabir Prasad Agarwal
29 March 2024 at 10:20

Section 43B(H) and 44AD

Whether section 43B(h) of Income tax Act applicable to a assesse who is declaring his trading business income U/S.44AD ?


Kollipara Sundaraiah
29 March 2024 at 09:49

Rent paid TDS sec 194i or sec 194i(b)

Sir,
Tax audit it assessess rent paid to another tax audit assessess
Question:
Sec 194 I or sec 194 I (b) correct and difference between both sections.





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