State Chemical Industry Association (AOP under Income Tax Act) held Inter Company Cricket competition for Employees of Chemical & Pharma Companies in the state. It charges Rs.75000/- per company towards fees for tournament. Is TDS deductible.

Dear sir,
I pay vat on petroleum fuel can i get input or not please suggest me .

A Pvt Ltd company is still in R & D and Prototyping phaze, so capitalising it's all expenses but in same phaze company received an order and ready to pay 100 % against PI,and sale is not yet done or booked (sale invoice), in this case can company still continue capitalsing expenses? And at exactly what stage company should stop capitalising R & D expenses i.e. when received PO, company raises PI, received money from customer, raises sales invoice or when actual sales, please guide 

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?