This Query has 1 replies
I have taken transfer from my ca firm for ca industrial training but due to some reason I couldn’t join that company and my 104form is also not submitted
So can i join back my old ca firm again for the remaining period
This Query has 1 replies
Can the proprietor of a firm pay GST (on rent of shop and quarterly sale) through his personal credit card?
This Query has 3 replies
should i pay propery tax from sale deed date or occopancy certificate date
i am a purchaser the flat from the Builder ( i reside in Bangalore, the propetty is in Bangalore)
Purchased from builder directly
This Query has 1 replies
My Client is doing proprietary business of Construction Material whose Turnover are 20 lakh and profit is 5 lakh. He also get Salary from Private Company of Say 5 lakh. He also engaged in Equity trading in all Intraday, F&O, Short Term/Long Term. He is loss in this of Rs.20 lakh which i wish to carry forwards after any set off. As I need to prepare Balance Sheet and Profit loss for losses carry forward (otherwise 44AD can b filled), the question is, Which Assets and Liabilities shall be included in Balance sheet (All his Personal Assets and liabilities) or only for that which are related to his Construction or Equity Trading Business or Both. Can I show his construction Business in 44 AD & His Trading losses in Profit Loss separately. I m very confused as If detailed of his all Balance Sheet and Profit Loss need to be reported it a very risky proposition as we need to verify each and every minute details of his all assets and liabilities & clients may not be available with all such records handy and also in general clients dont ready to pay reasonable fees for such work. Also due date is very short for managing all clients as I file 1000 ITR within due date & many of my clients has such a situation which is just non manageable.
This Query has 1 replies
TDS is booked in FY 23-24 , but the payment was received in FY 24-25. When can I claim the TDS194JB
This Query has 2 replies
Product name :
Unmanufactured tobacco with brand name.
HSN 24011090
IS IT TRUE prevailing structure as below:
CGST 14%
SGST 14%
Plus compensation cess @36% on MRP valuation.
Mahesh Tobacco company
This Query has 7 replies
I prepared and uploaded my ITR 5 return using ITD e-Filing-DU-v1.1.1., downloaded from https://www.incometax.gov.in/iec/foportal/downloads/income-tax-returns#itr-5, However, upon reviewing the filed return for validation compliance, I noticed a Category A defect. Despite this, the utility allowed me to upload, verify, and submit the return.
Specifically, according to ITR 5 - Validation rules for AY 2024-25 (version 1.0), Table 2: Category A Rules, Sl. No. 12, I should have filled in "No books of accounts in Balance sheet and P&L" since I selected "No" for maintaining accounts as per section 44AA. Nevertheless, neither the utility nor the e-filing portal detected this error.
I'm concerned about the next steps and seek your guidance. Please verify whether the filed return will be processed by CPC or rejected. Additionally, suggest whether I should file a revised return to rectify this defect.
Further, I'd like to bring to your attention that the utility version released on 05/07/24 is later than the release date of ITR 5 - Validation rules for AY 2024-25 (version 1.0) on 31-May-2024. Should I presume that the utility is following updated validation rules not yet publicly released? This concern arises from the fact that the preface of the validation rules mentions that these rules are intended for commercial software, whereas I used the income tax department's utility.
Please clarify this discrepancy and advise me on the best course of action.
This Query has 10 replies
Hi,
While filing TDS for an under construction apartment, I had incorrectly mentioned two values
1. Total Property Value
2. Amount paid
In both these values, I missed out to remove the GST component. Based on these incorrect values, I got a notice for short payment and they have asked to pay the value along with the fine.
For this I had filed a rectification request but it keeps getting rejected with message -
" has not submitted/ attached with the mail required documents which are mandatory to file correction for 26QB to this office as on date. Hence, the application is hereby rejected. You are further requested to file a new correction form along with necessary documents.
Please file the online correction again and submit for approval."
This has happened twice and now I am not sure on what to do. Can someone provide guidance on what can be done?
At present the shortfall is about 2000 and the interest charged is about 400.
This Query has 7 replies
Under the head salary where to include the annuity receiver from lic?
As the computation is asking for employer details. Where should we include this annuity
This Query has 1 replies
i work in metro and my minor children stays in city. i have taken two houses on rent for myself and my kids. can i avail HRA for both the houses
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
Going back to old ca firm for Articleship