We have, during the year 2022-23, on 29.10.2022 TDS paid an amount of Rs.1,44,243/- Through 194LA Challan issued by M/s. Karnataka Bank Limited . In this process we have erroneously mentioned the TAN number instead of the PAN number.

Payment of TDS in 194LA instead of 26QB Purchase of Immovable Property. How to Rectify.

Can 80U deduction is allowed after getting deduction of 1.5 lac u/s 80C and 50K u/s 80D ?

Sir,
A doctor professional fees income received from a private hospital working in monthly basic total fees income rs:50 lacs above f.y.22-23.
Question:
Assessess tax audit it returns filed what expenses show in it returns

AS A NRE I INVESTED USD 10,000 IN AN INVESTMENT PRODUCT ON 22 JAN 2018. I RETURNED TO INDIA ON 22 JAN 2019. FOR FY2018-2019 I FILED MY IT RETURN AS A NRE; AND FOR FY2019-2020 & FY2020-2021 I FILED MY IT RETURNS AS 'RESIDENT NOT ORDINARY RESIDENT' I.E. RNOR STATUS. FOR FY2021-2022 I FILED MY IT RETURN AS A RESIDENT. DURING ALL THESE PERIODS I HAVE DISCLOSED THE INVESTMENT AS A FOREIGN ASSET IN MY IT RETURNS.

THE INVESTMENT WAS REDEEMED ON 22 AUGUST 2022 AND THE SALE PROCEEDS OF USD 11,700 CONVERTED AT 78.09 I.E. RS. 9,13,653 WAS RECEIVED IN MY RESIDENT ACCOUNT IN RS.

ON 1ST APRIL 2021 WHEN MY TAX STATUS CHANGED TO RESIDENT FROM RNOR THE INVESTMENT VALUE WAS USD 12,320; WHICH WHEN CONVERTED AT TT BUYING RATE OF 72.5 STOOD AT RS. 8,93,200.

AS CAN BE SEEN FROM ABOVE THERE IS A USD FALL IN VALUE OF INVESTMENT WHEN COMPARED TO THE VALUE AT THE START OF FILING AS A RESIDENT I.E. 12,320 LESS 11,700 I.E. USD 620; AND AT THE SAME TIME THERE IS AN EXCHANGE GAIN ELEMENT ALSO WITH THE RATE GOING UP FROM 72.50 TO 78.09.

APPRECIATE THE APPROPRIATE TAX TREATMENT ADVISE ON THE ABOVE FOR FY2022-2023.

hi.
taxpayer deceased & his registration is cancelled suo moto. Legal heir not carrying on the business & business is closed. Legal heir knows about this gst registration when he received letter from gst department for revocation of cancellation of registration. legal heir not interested in revocation because business was closed on death of taxpayer. I have a query that suo moto cancellation by dept. is final registration cancellation or legal heir has to separately again apply for cancellation by submitting death certificate of taxpayer, filing gstr 10 ?

I have a question on how to a legal heir can claim the TDS deducted from a deceased parent in the legal heir's tax return if the latter is paying taxes on the deceased's income.

For example, let's say the decreased father had Rs. 100 income listed in form 26AS in the last financial year but died in end June. Let us assume that Rs. 25 of this income is to be taxed in the father's hands and Rs. 75 in the legal heir's hands.

In the TDS section of ITR 2:

Column 10 under Income (Claimed in spouse's hands) will be Rs. 75.

What will be the value under column 11 (Corresponding Receipts Offered, Gross Receipts)? Will it be the deceased's share of the income (Rs. 25) or the total income of Rs. 100 (Rs. 25 income of the deceased plus Rs.75 income of the legal heir)?

EDIT: My question is primarily about what the column above correspondings to? Is it the deceased's share of the income (Rs. 25) or the total income received by the deceased including the legal heir's share (Rs. 100)?

I have filed the tds nil return for Q1 and Q2 need to revise it but can't able to do it so ..
Can you please help me out to fix this issues

Hello Experts,

The case scenario is :
A goods transport agency opted for Forward charge by filing Annexure V on 28th May 2023 for FY 23-24, as the date was extended upto 31st may.
Now it had already done 1 transaction under reverse charge in April.
As the notification says that once opted for forward charge, all transaction should be as per forward charge for FY 23-24. So what will be the course of action in this case?

One State Organization in Maharashtra has issued form 16 in which they have not claimed interest on home loan interest on accrual basis & full installments is claimed in 80C as Principal repayment.
This is concessional low interest loan given to employees say for 20 years of which first 15 years will be use for principal recovery & last 5 years for interest recovery out of repayment installments. But Section 24(b) allow interest on accrual basis & not paid basis even if interest paid in next F.Y. & we wish to claim it on when paid as per organization interest recovery mechanism mentioned above & interest will also be shown by employer in form 16 when actually recovered in some last years installments. Is form 16 is correct & if not then shall I claim Interest as & when accrued for for each F.Y.?

1. Is any registration, license or certification mandatory for providing training/coaching for "Online Commodity Trading - profitable strategies" to interested persons or a fee, via online & offline mode?
2. I wrote to the SEBI requesting clarification, but they too failed to respond with a direct answer and instead asked me to go through the FAQ's for 'Investment Advisors' on their website. So my second question is does the above fall under an 'Investment Advisor' (IA)? If yes, how, because I will not be giving any investment advice & next I will be providing training only for Commodities and not Securities/Equity Stock market, so how will it fall under an 'IA'?
Thanks in advance for all who may respond.