Respected Sir, I have to Make Name change in Maharashtra PTEC. How to Make name Change. Please advise
A partnership firm sells their plant and machinery along with deposits available in their name. Please let me know capital gain tax applicable for the firm for the Financial year 2024-25 Please clarify
KINDLY let us know where we would get the word "description" in the ITR form, as well as what will answer against the error said word "description". Regards, Tarak Kumar Roy, Naihati, West Bengal
Do the following transactions have any issues? please advise
Mr. X, a small moneylender, proprietor, whose total loan disbursement is below 10 lakhs during the year, has one loan above 2 lakhs by cash. The loan account was settled in cash during the year, and no balances remained as of the date of the Balance Sheet. His total income is below Rs. 2 lakhs and not filing ITR.
sir, I have filed GSTR1 with 40 lakhs tax liability for March 2025. i have sufficient balance in electronic cash and credit ledger but while filing GST 3B sales was not auto populated without noticing it filed return with late fee alone. Now taxable value shows RS.0 in 3B amount present in ledger itself now what can i do...How i rectify GSTR 1 vs 3B error
Hi,
In e-proceedings, there are 2 notices
1) Notice under section 143(2) of the Income-tax Act, 1961
2) INTIMATION TO ASSESSEE FOR COMPLETION OF ASSESSMENT IN ACCORDANCE WITH
PROCEDURE OF SECTION 144B OF THE INCOME TAX ACT
Its very generic, and in the "What you need to do?" it says:
"You may submit or cause to submit any evidence on which you may rely in support of your return of income
electronically in 'e-Proceedings' facility through your account in e-Filing website (www.incometax.gov.in) at your
convenience on or before
It is advised that you should gather all the information, documents, evidences, etc. in respect of various financial
transactions you have entered during the Assessment Year under consideration, which may be relevant for the scrutiny proceedings. Detailed questionnaire(s) or communication may be issued during the course of
assessment proceedings. As and when questionnaire(s) or communication is issued, you are required to provide
specific point-wise response within the time specified."
What action is required from me at this stage?
My income was from F&O trading and interest from savings account. I am an NRI.
Do I have to upload generic documents like:
- Statement from Zerodha for F&O trading
- Bank statements from all the banks
Both the notices have "Submit Response". Do I have to upload the documents to both?
Respected Colleagues,
A person had received Interest (194A) on enhanced compensation of Compulsory Acquisition of RURAL Agriculture Land in FY 2017-18 and filed ITR with only FD Interest Income without taxing 50% Interest on enhanced compensation in ITR with the intent that interest on Enh. Comp. was fully exempt being rural agriculture land not a capital asset, Now kindly advice whether 50% Taxed or fully exempt?
Cost of material consumed and
Changes in Inventory
Dear sir/ Madam
I proposed director a company entered into a rent agreement on Nov 2024 - sept 2025 after that decide to incorporate a OPC and got name reservation on June 2025 , can i continue with above said rent agreement and what should be written on the rent agreement.
please provide me a sample copy of rent agreement prior to incorporating a company on mail id . incometaxcon05@gmail.com
Good morning sir,
one client claimed ineligible ITC in FY 2021-22 & 2022-23, is it to be paid through DRC03 or to reverse in current financial year, since in current financial year there is no ITC, hence showing (-) negative figures in monthly GSTR3B return if we reverse it . . .
please guide me
Certification Course on GSTR-3B Reconciliation with GSTR-2B through AI Tools
PTEC Name Change