AAI is making payment of Collection charges to airlines provided that the airline clear their UDF Bills on time. Whether this collection charges paid by AAI attracts TDS u/s 194 C or 194 J. Need Clarification.
Dear Sir,
Please advise eway bill mandatory in case invoice value Rs.350000/- distance from Supplie to buyer is 5KM Same City Same State mode of transportation of proprietor Car. proprietor deliver material to buyer,s home by self driving car. buyer is not registered in GST
Sir,
I am one of the Partner in a Partnership Firm, and i have salary from there. I also sold my house last year. Which ITR Form i have to use to file my Income tax return? Form 2 or Form 3. Please comment.
Hello
Month Liability IGST
Sale October 70
CDNR October 60 Against the August Invoice
Net Payable 10 can I adjust the Rs. 60 paid on account of CDNR against my Current liability, this 60Rs. Will not reflect in my Auto populated GSTR2A or 2B.
Thank You
As a real wisdom expert I wish to be a faculty in your forum how I will register
Category of defect A :You will not be allowed to upload the return. Kindly correct below errors in order to proceed further but not show any error hyperlink, what should i do?
I filled itr4 in ay2016-17 and then itr3 from 2017 to 2021 can I file ITR 4 for AY 2022-2023 through updated return
Income from Interest on Enhanced Compensation is taxable as Income from Other Sources u/s 56(2)(viii) read with Section 145B. Also a deduction u/s 57(iv) for 50% of such interest is available as against such Interest Income. In other words, 50% of Interest is taxable only irrespective of the fact whether the expenses have been incurred or not. Up to assessment year 2010-11, such interest was taxable on due basis as per Supreme Court’s decision in the
case of Rama Bai v. CIT (1990) 181 ITR 400 (SC). Further, interest received on award by court u/s 28 of Land Acquisition Act, 1894 was treated differently.
Now, my query is regarding the nature of Interest income. Whether any interest on Enhanced Compensation will be eligible for such deduction or there is any specific distinction thereof?
I have forgotten to submit my AIR travel bills (I traveled within India in Sep 2022; FY 2022-23; Travel Amount Rs. 26000) to my employer for availing of LTC tax exemption.
For me ITR1 is applicable.
Can I get the tax exemption wrt LTC while filing the ITR1 for FY 2022-23 (AY 2023-24).
I have received distribution from Business Trust as Interest, Dividend & Amortization from SPV Amount is as 1,00,000/- , 2,00,000/- & 3,00,000/- respectively.
How they have deducted Tds Rs 10,000/- only on Interest amount, but in 26AS it shows Income credited Rs 3,00,000/- i.e. Interest & Dividend.
Further while filing ITR 2 i also need to fil schedule PTI (Pass through Income).
I request you to assist in filing PTI Schedule for above & treatment of above income.
CLARITY REGARDING TDS ON UDF COLLECTION CHARGES PAID BY AAI TO AIRLINES.