Dear Sir,
Please solve my query about Tds . Earlier i have deducted Tds u/s 194C and deposited and File Tds return ( Qtr. 3rd Tds Fy .21- 22) against payment to Contractor. Due to some inernal reason in march 2022 whole of payment of vendor reversed. In that case please guide me to correct Tds amount from Rs 2000/- to Rs.0/- through conso file and further can i utilised this unconsumed Tds amount of Rs 2000/- FY 2022-23.
Thanking You,
With Regards,
Harish Thanvi

Please guide the procedures adopted by a Company post receipt of share application money and also the format of Board Resolution for allotment of shares.

Hi,
Client has made export under LUT without payment of IGST but in GSTR 1 export invoices were shown as Bills with payment of IGST. Now the department is demanding IGST with interest. Can the same be rectified? or whether the IGST amount should be paid? IF paid can we apply for refund of the IGST amount paid?

Dear Sir/Madam,

We have deducted the tds under section 194IA but mistakenly paid the challan under section 194LA and 194 I.
Now, we came to know about filing 26QB for tds on property. Request your suggestions on :
1.How to adjust the challan paid with 26 QB as we are not able to pay again the entire amount.
2. How to un consume the entire challan paid with interest so that section can be change backend.

I have converted in new syllabus & appeared for the CA Final exam, I have also completed my articleship in 2015 & I have also completed 100 hrs ITT & GMCS I & GMCS II

so what will be the treatment for Final old course student in new scheme after conversion

Thanks

WHICH DOCUMENTS REQUIRE FOR MAKE SAKHI MANDAL PAN CARD?

Assesssee has entered into an agreement to buy a flat in 2017. though registration was done in 2020. now, same flat is sold in 2021, whether the same will be short Term or Long term in Nature ?

DEAR SIR,
CAN I CLAIM MY UNCLAIMED TCS CHALLAN (FY 21-22) IN TDS ANY SECTION (FY 22-23).

PLS REPLY

Dear Experts,

-I had purchased a flat in chennai in year 2003 through POA to me father, as I was NRI based in UK at that time. The cost of flat was 20 lacs. There was a housing loan taken for purchase of this property of 25 lacs as it was raw shell (20 lacs towards property + 5 lacs fixtures and furniture). This complete loan was closed in year 2012. I came back to India in 2005 and sold this flat in XXX.

My questions are following:

1) whether the complete interest cost on total loan be added to the cost of purchase, for the purpose of capital gain calculations. This interest cost comes to nearly 10 lacs.

2) Can this interest cost be indexed, as it was paid in several years from 2003 to 2012

3) Or, can I only claim interest on Loan as deduction for period from 2003 to 2005 (during the time I was NRI). I did not file any ITR in this period as there was no factual income in India and also did not claim any deduction under house property (sec 24), in this period.

Thanks a lot.

My employer has deducted Rs. 9400 p.a as professional tax on employment. Whether full amount can be deducted from salary? But I have read that not more than Ra. 2500 p.a can be deducted as professional tax on employment.
Kindly guide how to treat it while filing income tax return i.e whole amount paid can be shown?