Dear Expert,

I was paid Gratuity for my employment (in August 2024), which does not reflect in Form 16 issued by employer for FY2024-2025. When asked the employer is not providing revised Form 16 to show the Gratuity Amount and the Exemption under Section 10(10).

Kindly let me know, how should I proceed ?

Do SAC code effect the ITC claim??

Sir/Madam

Van we show of total profit or loss from F&O as business income in tax computation??

Loss from them can be C/f in 8 sfy??

Please guide me.

In AIS of a taxpayer for F.Y. 2021-22, sale of equity oriented mutual fund units is appearing under SFT. The FMV of these units appearing in the AIS relates to which date?

Company purchased vehicle for employees to meet the official purposes. Can company claim the VAT credit of the said purchase. Is there any chance of disallowing the said credit by the FTA? if so, on what all grounds. What are the policies and measures we should implement to take this input credit?

hi,
just wanted to know, how to calculate the FA depreciation as per co act

suppose we buy Furniture in the 15.3.21, so how to calculate the tds of this?

Dear Sir,
In FY 24-25 I had purchased some overnight mutual funds which I sold also after two months of purchase in March 25. But now in AIS, this same transactions have been reported by registrar, nsdl and mutual fund AMC as well.
For example, Axis overnight fund purchase is reported by Axis mutual fund + nsdl + Kfintech. Now probably nsdl reported since unknowingly I purchased mutual fund in demat form instead of physical form from ICICIDIRECT platform. Since same transactions have been reported by three agencies, these same mutual fund purchase transactions are getting added in TIS repeatedly and net purchase amount reflected has become tripled than the original purchase amount. For example if I've bought mutual fund worth 7,00,000/,TIS is displaying net purchase as 21,00,000/.

My question:
How to address this problem and rectify AIS ? Which available feedback option to use to get rid of increasing compliance and future scrutiny and notices from ITD ?

THANKS

Is it EBITD or EBIT to apply the formulae.

what will be SAC Code for providing drivers to other companies??

A travel agent charges GST @ 5% from its customer. If he Purchases tour Package from another travel agent and sells to the customer will he be eligible to claim ITC ??