Hello Sir/Mam,
I filed ITR AY 2022-2023, but in my 26 AS no tax of payment is shown still I get defective notice. What to do.

Return has been filed u/s 139(8A), but it is not accompanied by the valid proof of payment of tax as required u/s 140B.Return has been filed u/s 139(8A), but it is not accompanied by the valid proof of payment of tax as required u/s 140B.Please find the FAQs for filing Corrected return https://www.incometax.gov.in/iec/foportal/help/response-to-defective-notice%20-against-updated-return/faqs

I was getting rental income on my commercial property an office in a cooperative society building. My last licensee vacated the premises on March 31, 2023 as he needed to shift to a bigger place. Since April 1, I am not having any tenant and therefore i sold the property in February. As property was vacant from April 1, to date of sale, do I have to file income from house property on deemed basis for the entire Financial year or only till the date the property was sold. No actual rent earned to file on basis of rent received for part of year.

Dear Expert,

We have paid custom duty including IGST part on 24th Feb, 2024 and IGST is showing in our 2A, and the material has arrived at Factory premises on 03rd March 2024.
Pls resolve the below queries :-
1) In which month we have to take ITC.
2) If it is March-24, should we show the IGST in Table 4(b)(2) - Temp reversal or reduce the available IMPORT IGST by this amount.
3) during re-claimable in which tables we have to show this amount.

Kindly advice

My Proprietary Firm has been received interest income. which income include in business income which option chose feedback in AIS---
Feedback Types is follwings:-
01.Informarion is correct
02.Income is not taxable
03.Information is not fully correct
04.Information relates to other PAN/ Year
05.Information is duplicate / Included in other Information.
06.Information is denied.

please reply urgent.

Sir im a salried person and by mistakenly or my unfortunately i did't e varify may itr last year till it go 31 dec 2023
Now i ask ur goodself how to refund my last year itr

Sir,
I have no IGST input credit in February 2021, but I want to reverse a previous month IGST ITC which was ineligible. Can I reverse it as negative value in table 4c of GSTR 3B .Please reply
Regards

Assessee is an individual who has business income, house property income and also has lent hand loans and declared interest income on accrual basis and filed IT returns. Due to covid, a number of borrowers were unable to repay interest or principal.

Profit and loss account was not given. Few incidental expenses were claimed and net income was offered for tax in the past years.

Since assessee has paid tax on income not earned, he wants to set off such losses against other income like business / rental income. Is there a provision in Income Tax to claim the bad debts in interest receipts, so that assessee can claim the unrealised interest income?

If any individual constructed their personal property and buy the Marbles and Stone direct to seller without any contract and his value is exceed Rs 50 Lakhs, Is they are liable to deduct the TDS on Seller. Kindly Clarify with section(if Yes).

There are some points to be followed by Individual.

* Construction contract with different Vendor.
* Individual Directly Buy the Marbles and Stones from seller for their Constructed Property.
* Amount Exceed over 50 Lakhs
* Individual are not in the criteria of audit U/s 44AB or AD
* They have Giving their GSTIN to Seller but Property not used in any Business which are constructed and he is not taking any input and not treating as a B2B. But Seller Issuing B2B Invoice to buyer.

I am a composition dealer. I have not filed my GSTR4 from FY 2019-20 to FY 2022-23. However I have paid tax in CMP-08. I did not take advantage of the amnesty penalty waiver. Now I have to file my GSTR4 yearly return but it is showing penalty of Rs 10000 for per return. I cannot afford to pay Rs 10000 for 4 years i.e. Rs 40000. Is there any way to waive the penalty or can I make appeal for condonation delay or something like that. Also want to ask, what if I file the GSTR4 with some gap time like one after, two month after one by one. Will my GST registration get cancelled if I dont file GSTR4 presently. I have filed upto date CMP-08 with paying composition tax amount.
I am very nervous and depressed due to this penalty amount. Please help me with your advice.
Regards

I've been wondering that If we can wear military hats and caps at a function which is being held by group of the army. Do they allow to wear uniforms and hats which are considered as official? I really want to look like an army person in that event. Do let me know if anyone has a clue.
for more info: https://www.capscompany.co.uk/military-caps