A is a partner in LLP, but has no income from business or profession except a share in profit of LLP firm. His other income is from residential house, capital gain and interest on his investments
Can he file ITR2 ?

DEAR EXPERTS
LAST YEAR BANK NOT DISCLOSE IN ITR BALANCE SHEET DUE TO FEW TRANSACTION & NOW THIS YEAR BANK'S OPENING BALANCE IS BECAME TRIAL OPENING BALANCE DIFF.
WHAT CAN I DO?

THANK YOU

An Updated return has been filed for AY 2022 - 23 and the same has been Invalidated due to non payment of additional tax.

1. Can we submit a revised updated return again as the original Updated return was invalidated.
2. The assessee has not claimed TDS Deducted for the year, from salaries in the original return and has not submitted revised return. In rectification return, additional TDS claim is not being allowed and hence a demand for the tax payable has been raised. Can we claim such TDS (Not claimed in original return by mistake) in the Revised updated return.

sir, our Party is does not deduct TDS on 17-18 f.y after the covid 21-22 f.y he has revised and that 17-18 balance sheet of our company is revised can we take refund now please help to solve my query

applicability of GST for research grant received from Finance Commission to Trust

TDS on freight/labour/Loading charges
Recently we have purchased material from the supplier and they have charged freight/labour/Loading @18% GST on the invoice. Whether this will attract TDS under section 194C?

Hi All,
Some companies are providing wallet services like sodexo,zaggle etc in which some components are carved out from employee salary and offering as allowances on monthly basis to save tax for employees.
One such component is Gift.

If gift is given by employer for performance over and above CTC then it can be tax exempt upto 5000.

But if 5000 is carved out from CTC of employee and paid on monthly basis(5000/12) by employer,i dont think it is tax exempt as it is part of CTC of employee and IT department may say that this is tax evasion.

Please clarify

TRUST INCORPORATION DATE IS 20.09.2022. THERE WAS OCTOBER-23 AMENDMEND IN TRUST 12A 80G REGISTRATION THAT TRUST CAN DIRECTLY APPLY FOR FINAL REGISTARTION INSTEAD APPLYING FIRST FOR PROVISIOANL REGI .
IN MY CASE WE HAVE FIRST APPLIED FOR PROVISIONAL (NOT APPLIED DIRECTLY FOR FINAL REGI) EVEN IF CHARITABLE ACTIVITIES HAVE BEEN COMMENCED.
MY QUESTION IS THAT CAN WE APPLY FOR FINAL REGISTRATION BY SELECTING CLAUSE 2- 12A(1)(ac)(iii
).
or SHOULD WE SURRENDER PROVISONAL REGISTARTION AND APPLY FOR FINAL REGI BY SELECTING CLUASE -4A (item (B) of sub-clause (vi) of clause (ac) of sub-section (1) of section 12A of the Act. )

SIR,
Is it mandatory to file GST-7 Nil?

WE GOT NOTICE
SUB:- Notice to return defaulter u/s 46 for not filing return and Intimation of
theProceedings U/S 62 & 83 (Assessment of Non Filer & Provisional Attachment).

Hi Experts,
Having a doubt on concessional rate supply at 0.1% when sold to merchant exporter.
Under concessional rate supply at 0.1% one of the condition is the merchant exporter have to export the goods within 90 days from the date of e-invoice made by supplier and if merchant exporter fails to export within 90 days then supplier cannot avail 0.1% concessional rate, here i want to know the explanation for “supplier cannot avail 0.1% concessional rate” does is it mean that supplier have to pay 18% GST if merchant supplier fails to export within 90days ?