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keyur
25 July 2022 at 10:48

Donation paid by Cash

Sir/Madam

I want to know whether PAN no and address is mandatory of Donee when we paid donation by Cash to Donne??

Please give your view.

We have only trust name then??


suresh s. tejwani

what is due date for the pvt ltd companies whose tax audit is not applicable ?


Rahul
25 July 2022 at 09:54

Tax audit applicability 5%

Sir
FnO Turnover is 3 cr , FnO loss 3,00,000/= + Professional income is 14,00,000/- net profit is around 5% only 2 lakh received in cash I want to know if Tax audit is applicable due to this point. Last year Tax audit is not applicable Is Audit applicable now for FY 21-22 (AY 22-23)? Please Guide.


professional
25 July 2022 at 09:51

Refiling of ITR AY 22-23

Dear Experts,
I have to refile my return for AY22-23, as the ITR was filed with some Taxes due (approximately, 30 K). These Taxes were later paid as self assessment Tax, just within a few days after filing my return, however they still not updated in the ITR site, as of now. I am contemplation to file revised return asap, to avoid getting a notice of faulty or defective return from IT dept. I shall file revised ITR and update the TDS paid.

Please assist on the following information:

1) How can I file revised return without the inconvenience of entering each and every information again in the ITR-3. Can I upload the previously filed information in the revised ITR. I intend to file the revised return off-line, in the same way I had filed the original ITR.

2) What I find confusing is there seems to be multiple options in the Income Tax portal (~like-upload prefilled data, upload json file, etc.), now what is the difference ?

3) Request if you could provide "step by step" information (main steps), to file revised ITR and to upload the same information, as last time.

Thanks and Regards.


mahender
24 July 2022 at 23:38

It law regarding leave salary

i had resign the a private company in (ie 20th june 2020) financial year 2020-21 and get the gratuity and leave encashment and taken the exemption of both in ITR filled for the concerned year as per IT law.

But in the next year (i.e november 2021) in again join the same company and getting salary, so i want to know is there may any problem in income tax while filling the ITR of fy 2021-22 regarding the exemption taken of leave encashment in last year.


Anubhav

Its more of a academic query. I recently came across income tax computation of a person where his professional friend had attempted to show most of his receipts of income as hand loan thereby trying to avoid tax on genuine income. Now I was wondering what are the ways through which Income Tax department would ensure that such an assessee cannot escape taxation. Also can you point out ways through which this kind of tax avoidance method would fail ?


diksha
24 July 2022 at 22:13

ICAI email ID

How can we create a mail id abc@icai.org.Does icai still provides this?


DHARAM PAL
25 July 2022 at 15:15

ADVISE ON HOME LOAN TAX BENEFIT

Please advise tax benefit avail both wife and husband Rs. 2 Lac each on Home loan Interest if property purchase Joint name and the property use in self occupied 2.Also advise is it any condition for payment of EMI from both Bank Account or Joint Account?
Dharam Pal
9810600330


mukesh rawat

Tds on electricity charges under section 94 q?

Read more at: https://www.caclubindia.com/experts/ask_query.asp


Nimesh Singh
24 July 2022 at 20:56

Off market Credit Transactions

My aunty received off market credit transactions worth Rs. 7.5 lakhs + by way of transmission of MF units due to demise of her husband and the same is shown in AIS for FY 2021-22 .As on 31.03.2022 she continues to hold the same and has not redeemed the above MF units.

Whether the same will be taxable in her hands while computing income for F.Y. 2021- 2022 ? Whether the same to be disclosed in ITR ?







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