By virtue of Rule3(7)(iv), only gifts paid in excess of value of Rs.5000 will be taxable as perquisites u/s 17(2)(viii). My clients employer had deducted TDS on entire amount initially & in March salary had adjusted the wrongly deducted tds. But form 16 still shows the entire amount as taxable against value of perquisites. Now in ITR if I offer only amount exceeding 5000 for tax, there will be a mismatch with Form 16. Will this cause any problem?

Hello
can i claim ITC under GST - where
1) invoices are not received or misplaced
2) ITC is reflecting in GSTR2B
3) Payment has been made

Thank You

We have sold goods to unregistered party by e way bill . The party now wants to return the goods. Can we issue credit note to unregistered party? Will be able to claim ITC ON RETURNED GOODS? PL CLARIFY?

TDS on dividend received how to calculate ,
if Powergrid Infrastructure Investment Trust provide.

How to claim HRA IF CO HAVE NOT SHOWN IN FORM 16? CO HAS UPLOADED LTC OF RS125000/ in form 16.How to claim LTC AND HRA IN INCOME TAX RETURNS?

Dear Sir,
I have query that if my member ceases practice after I fill my CA FINAL examination form then what formalities do I need to comply with and if there will be any impact on my exams?

does the raw material inventory consumption are directly booked as and when purchased or are first debited to inventory account and then consumed on accrual basis

My query is whether there is an online mode for submission of Form 10FA or we have to sumbit it offline to the concerned assessing officer in Income tax department

We paid the tax on rent u/s 194IB for the FY 2022-23 on May 31st. Along with rent, we also paid the late paying interest. But while filing the 26QC for the same, when we select the Date of Payment and Date of Deduction as 31st May 2023, the FY was auto populated as FY 2023-24. When we tried to file a correction statement, we were able to change the FY to 2022-23 only if we make the Date of Payment and Date of Deduction as 31st March 2023. Kindly advise us if there is any way to make the FY as 2022-23.

while filling ITR 3 I have not entered any amount under SEC 80U Sch VI . During validation the error comes"In Schedule VIA, deduction u/s 80U for self with severe disability cannot be more than the maximum limit of Rs.1,25,000"