EASYOFFICE


VIKAS KUMAR SHARMA

Dear Sir,
Land is acquired by NHAI for expansion of High Way 2-LANE Into 4-LANE and compensation is given to beneficiary is TAXABLE UNDER INCOME TAX ????
Land is also acquired by INDIAN RAILWAY for new RAIL LANE, money received by beneficiary is TAXABLE OR NOT?????


bedanta bikash baruah
21 July 2022 at 13:32

Mistake in filing GSTR1

Sir/ Madam,

I had B to C (small) sales only.
While filing GSTR 1, I entered figures in B2C small and in HSN details table.
Somehow I made mistake and both the figures differ by One paisa. That remained unnoticed.
While on 20th tried to file GSTR 3B the tax amount is not populated in the return.
Trying too many times I failed. I submitted the return blank. Then checked the already filed GSTR1 and the mistake noticed. I have not filed the GSTR 3B yet. but submitted. How to make payment or rectify the mistake.


Keyur

Sir/Madam
One of my clients have salary income around 15lacs yearly.
He wants to save tax payable by way of donation given to political person. > Can anyone suggest me that it is faith full or not??
> How to make political contribution i.e online or offline??
> How to know which political party are register u/s 29 , so we can get deduction from gross total income?
> What is the limit for political contribution for fy-2022-23??

Thanks in advance for prompt support


Vinay Vaidya

The AY 22-23 ITR offline utility won't allow entering negative numbers or numbers in brackets to signify a capital loss in a given quarter. The overall yearly number is positive (gain) but for a specific quarter there is loss. Can anyone suggest how to handle this situation


sona1
21 July 2022 at 11:07

RCm paid for Land Rent

ABC Pvt. Ltd. (GST Register Company ) pays RENT Per Month Rs. 30,000.00 to Mr. Sukanta Mondal (one of the Director of ABC Pvt. Ltd. Company) (but GST Unregister Person) after Deducted TDS for LAND purpose where ABC Pvt Ltd. Company Situated & doing here official cum factory related daily work ,

For this transaction Purpose ABC Pvt. Ltd. Company will pay RCM against this as per new rule w.e.f. 18/07/2022


SUDHEEP M
21 July 2022 at 11:02

Payment and Declaration of Dividend

Sir,

My Company has to declare dividend for the financial year 2021-22 out of the profit of the current financial year. Whether this dividend expense was allowable under income tax act. Whether it was taxable in the hands of the company or shareholder.


Aditya Ghatge
21 July 2022 at 10:15

ITR 3 Filing in details

My Client is having an Income from Business and Profession (both) and he is unable to maintain his books of accounts. Now I have to file his ITR in such a way that he shall not be in receipt of Notice from Income Tax, kindly advice.


SHYAM KRISHNAN K

Can we use ITR U for revice my ITR. My ITR has been filed with an additional income, which is not earned by me. Tax return preparer has takan all income appeared on my 26 AS and the same include an income which is not earned by me. How it possible to rectify the same. Filed on AY 21-22


Chinnappan D M

I intend to sell my apartment for Rs.2 crores and the buyer is offering cash of Rs.60 lacs and the balance in cheque and agrees to register the property for 1.4 crores. I will remit the cash of 60 lacs into  my bank account and declare as sale proceeds and calculate capital gain on total sale value of 2 crores and pay Capital gain tax on the total sale value of Rs.2 crores after indexation. Am I complying with all legal  formalities? The registration department has agreed to  register the flat for  Rs.1.40 crores as per the guideline value of Govt. As a seller Will I encounter any problem with Registration department. Can any one clarify this 


Ramaswamy Thiyagarajan

Dear Experts,
we have received defective intimation under Sec.139 (9). To rectify the defective return the system requests to rectify offline after downloading the filed return in JSON. The return in JSON format could not be opened after downloading. The error message is "application error". Kindly guide me on how to solve this problem. The stipulated period to file a revised return has lapsed.

With Thanks & Regards,
Ramaswamy.T