Hi sir or madam.
I have my 63lakhs business receipts in ais more than my GST turnover 53 lakhs
Now which amount should I mention in ITR??
Kindly help

Dear Sir,
When I upload ITR-3 filed offline and upload json file message shows category of defect B/D- you will allow to upload return the possible defect in return or some deduction may be not allowed.
error description is if you required prepare / maintain book of ac and dividend income reported in pnl please ensure consitentency between amoumt of divdend reduce in such.BP and divedend in such.os, please ignore if not applicable.
for your information I have not reduce dividend in such.BP so what happend about it,, I have not taxable income.

When I am adding new partner in partnership firm in core feild of GST Amendment , I am getting message that "Exiting partner' s name does not match with PAN."

There is no Edit option for Exiting partner. Shall I delete and again add the exiting partner as per PAN records.

An assessee who is an NRI and he is having account in canara Bank savings a/c . No TDS deducted for his sb interest amount. The sb interest is shown seperately in AIS. But in there is a credit in 26AS and AIS as payment received by non residents and TDS deducted for such amount. During the year his father and mother transfered amount to the assessee as gift from canara Bank during the year for which bank charges was debited in their account and amount credited in assessee's SBI nro ac. I want to know nature of such credit and whether it is shown as interest or income in Income statement of assessee. TDS is deducted under section 195 as shown in 26AS.

Dear Respected Members,

I would like to seek clarification on the consequences if an audited firm fails to deduct TDS under Section 194C/Other Section's of the Income-tax Act.

As per my understanding:

If TDS is not deducted where it is required, 30% of the related expenditure is disallowed under the Income-tax Act while computing taxable income.
Apart from this disallowance, are there any other consequences?
For example, if the firm is subjected to an Income-tax assessment or scrutiny in the future, can the Income-tax Department still require the firm to deduct and deposit the TDS on the same expenditure, even though 30% of that expenditure has already been disallowed in the same assessment year?
In other words, does the disallowance of 30% under the Income-tax Act relieve the deductor from the obligation to deduct and deposit TDS, or can both consequences apply simultaneously?
I would appreciate your guidance on this issue.

Dear Team,
I have a primary current A/c in HDFC bank from long back. Now I open a CC A/c along with CA/c in Axis Bank with a credit limit of Rs 90 Lakh. Now Axis Bank insist me to close my HDFC CA/c. I want to continue all three accounts. Kindly suggest the process along with cost for the same.
Regards,
Dilip Baranwal

Builder has deducted TDS u/s 194IC from Rent paid on relocation. The building is under redevelopment
This rent comes under hardship compensation and not chargeable to tax. However there is no specific section u/s 10 to claim this rent as exempt income.
How to show this amount in ITR and claim credit for TDS ?

Assessee had transferred property on 28-10-2022 which was purchased in FY 2012-13, Full amount invested in capital gain account scheme (CGAS) before filing of ITR on 07-06-2023. Amount was not utilized and Deemed Capital Gain accrued on 27-10-2025. Whether tax rate on LTCG applicable would be 12.5% (as per current law) or 20% (tax rate at the time of original transfer) ?

Please guide.

A O says more than 20 clients have not paid taxes through return in 3B,on searching with portal all have filed R1 and 3B further clients also confirmed they have files all returns on due dates and all the clients are big suppliers and doing transaction them with many years.How to reply to A O?

I am auditing the financial statements of Medical Services, which engages in the procurement of medicine and surgical equipment for which the company receives a grant from the government. These medicines are transferred to the respective Government hospitals. The entry was passed; however, is not in compliance with AS 12. The grant-in-aid received is designated as a revenue grant, which includes the service charges for the company; however, it is not treated as a revenue item; rather, it is shown as a liability. However, when they transfer the goods to the government, they consider it a sale. The entry passed is as follows
Grant-in-aid liability account Dr
To Grant-in-aid income
To Service charges (plus GST payable on service charges)
Upon discussion with the organisation, they stated that they have a GST registration and, therefore, once purchased, the sale entry becomes indispensable. The sale is at cost price; therefore, GST liability does not arise.