loan is taken from bajaj finance, clix capital, hero finance .............. in TDS deductable on interest paid to them????

Filed my IT return for AY2024-25 within due date. Now it is found that the TAN of the deductor is wrong. Is it possible to change the TAN of the deductor now. Since the time for revised return is over. Demand is raised by the department. If the TAN is correct there will be NO DEMAND.

Sir,

An employee is posted as Accountant with gross salary of INR 35,000.00 p.m.
In addition to the above salary, he is getting fees of INR 15,000.00 p.a. for filing TDS returns for the same employer.

What would be the treatment of the fees? Salary or Fees for Professional Services? Any provision in this regard under the Income-tax Act?

While filing my ITR i have shown VDA as business income in VDA schedule but the same is not getting auto populate in Schedule SI and the tax is getting calculated at slab rate instead of Flat 30%. Anybody have a solution for this?

Can any of the esteemed members in this panel throw light on the below :

Lessor (Jointly owned by 2 people) has rented out property to lessee. Lessee has given this property for rent to various people as paying guest accommodation. Lessee receives Rs. 10,000/- as rental income from each person. Whatever rent the lessee in receiving, he is keeping some amount and the rest (around 5 Lakhs) is being transferred to the lessor (to both the individuals equally).

Is GST applicable in the hands of lessor and under which section ?

Thank You in advance

The supplier is procuring raw tobacco from farmers. On which 5% gst is payable on RCM basis and ITC of the same can be availed. But due to clerical error in GSTR-3B the same was not shown in GSTR-3B for FY 2024-25. The same was declared in GSTR-3B of Sept 25. Can I show the same GSTR-9 of 2024-25? if yes, Where the same can be shown?

In the month of January 2025, we had reported advance income in GSTR-1. While adjusting the said advance against actual sales, the adjustment amount exceeded the taxable sales, due to which sales in GSTR-3B became negative.
Whether the negative sales shown in GSTR-3B can be adjusted in the subsequent tax periods or in the next financial year?
If yes, within what time limit such adjustment is allowed under GST law?

Whether we are eligible to claim a refund of the excess tax paid due to such adjustment?

a private company is a subsidiary of company incorporated outside India and its turnover is only Rs 40000 and paid up capital is Rs 1 lakh .
small company definition exclude to a subsidiary company so it means it is not a small company .
for caro since it is pvt company and satisfy the condition of exemption so caro will not apply.
For IFC(Internal financial control) also satisfy exemption limit so ifc also does not apply. being a subsidiary of a foreign company does not affect exemption of CARO and IFC.
Kindly confirm if the above understanding is correct for the purpose of audit report.

is hsn inward sheet compulsory for gst 9 ? dealer has turnover of only 2.25 crores.

NET WORTH OF ASSOICATES COMPANY ( H ) - 3013479
SHAREHOLDING OF( B) IN ( H)- 25.9 %
PROFIT AFTER TAX IN (H) = ( 11559)

PL REPLY
THANKS