RESPECTED SIR
FILLED ITR FOR AY 23-24 IS INVALID DUE TO NON VERIFICATION BY MISTAKE. NOW CAN FILLED UPDATED RETURN ITR U , IF YES NEED FILL RECEIPT NO AND DATE OF INVALID RETURN FILLED IN UPDATED RETURN? THERE IS NO REFUND ISSUE. PLEASE ADVICE THANKS .....

My Indian company Employer has given few RSU in past, which were vested and exercised. The total Market value of stocks (at that time) was shown as Perquisites in My Form-16 and tax (as per income slab) was paid to government. These RSU shares were deposited in my DEMAT account.

Later, 1:1 bonus stocks were issued. With this, my stock count doubled in my DEMAT account. Do I need to pay any Tax to Government for bonus shares.? As per my understanding, I need to pay ONLY capital gain tax to Government on the shared sold, whenever I sell the shares. These is no other Tax required to be paid to Government. Please clarify. Thanks.

Hello, how is goodwill taxed while selling a business and how can I save tax on that

fy23-24 I had filled up itr3 for stcg+professional income sec ADA+interest income total inr 461000/- no refund claimed no tax applicable. afterwards my ais got updated in july and i filed revised itr for same stcg+same professional income in sec ADA with inr2875 refund +interest income increased by inr11000 total inr480,000/-, with refund claim 2875/-. but this time IT cut inr880 for stcg and allowed refund of inr2000/-. Though my total income is less than 7 lac under new regime .why did they tax my stcg (last year they did not tax stcg )as soon as i claimed a refund on TDS professional income.

I have recieved short deduction notice due to inoperative pan of seller.(notice on 28 july, deal on 26 th july 2024)
I have paid only 10 percent of deal value ( approx 20 lacs) to buyer rest is to be paid by bank loan(which currently i have put on hold)
Short deduction is around 40 lacs.
Can I cancel this form 26 qb and ask the buyer to link his adhar and pan card
And file for new challan

My query is what happens to
1)my short deduction notice
2)What are the requirements to cancel challan.Will they ask for cancelled sale agreement deed
3)Is it the way out or i have to ask bank to pay tds from this amount and if i cut 40 lacs how many days can buyer get refund.
4) can i appeal to income tax officer after buyer links adhar pan card to revise short deduction notice
Thanks and regards

1.AY2023-2024
Rectification filed 21.1.24
Rectification processed with no demand refund 20.5 24
By mistake updated return filed 27.3.24
If updated return becomes invalid then rectification will be valid or not whether rectification will be considered final assessment if updated return becomes invalid
2. What are consequence if updated return becomesinvalid and earlier return filed in 139 1 and 154 are processed by department
3. If any scrutiny notice Can I show rectification order

I have not Filled return of A.Y. 2023-24 My tds deducted for A.Y. 2023-24 u/s 194c Rs. 5000 (5,00,000*1% )
and Tds deducted For A.Y. 2024-25 u/s 194c Rs. 6000 (6,00,000*1% )
My Question is
can i claim TDS of A.Y. 2023-24 in ITR of A.Y. 2024-25 Declaring T/o 11,00,000 (A.Y. 2023-24 -5 lakh and A.Y. 2024-25-6 lakh ) and Claim TDS 11,000 ??

We are in a partnership business with three partners , we want to remove one partner having 15 % share and he does not want to go out what we can do

I have raised e-Credit Note greater than the actual value and need to cancel it and need to create new one with correct amount. Here is a general approach for suggestion.

I have query, I have received Defective notice u/s 139(9), I have filled and submitted ITR 1 as income is less than 50 lakhs but have received the notice of Defect with Error Code : RULE_37BA_194M_001
Error Description
You have filed your income-tax return in form ITR-1. As per TDS details in your Form 26AS, taxes have been deducted under sections 194IA/194IC/194M/194S/194C/194B/194BB/194BA, etc. of the Income-tax Act, 1961. These sections are reflected as (4IA/4IC/94M/94S/94C/94B/4BB/4BA) in Form 26AS. These sections imply heads of income for which form no. ITR-1 is not the appropriate form. Thus, the required schedules for reporting incomes pertaining to said TDS sections are not present in your return of income filed in form no. ITR-1.

Probable Resolution
You are being provided with an opportunity to make necessary corrections and file a return of income in the appropriate form so that income and taxes may be determined correctly in accordance with the Income-tax Act, 1961 duly disclosing the complete gross receipts/income reflecting in your form 26AS under the relevant schedules of the ITR. Please note that as per Rule 37BA of the Income-tax Rules, credit of TDS is allowable to the person in whose hands the income is assessable and in the year (AY) in which such income is assessable.

When checked in Form 26AS as mentioned in notice, my form 26AS - PART-VIII-Details of Tax Deducted at Source u/s 194IA/ 194IB /194M/194S (For Buyer/Tenant of Property /Person making payment to contractors or Professionals / Buyer of Virtual Digital Asset) has one entry which I have made payment to builder by deducting the TDS, for TDS deduction I have filled and submitted Form 26QB.

I request your help in understanding which form of ITR should I have selected, and how to respond this notice.

Thanking you.