Hi
TDS deducted on VDA U/S 194S 568/ on transaction value Rs 56800/-.How to disclose payment of Rs 56800 on which tds deducted u/s 194s .Business income or capital gain? in itr 3 one schedule is VDA .IS IT SHOW IN VDA schedule ? or need to show in simple in business income .it is only payment received not any income .How need to disclose in itr ?

Dear Sir,

I am continuous filing ITR-1 due to income from Salary and interest from FDR. but in FY 2022-23 i have invested some amount in mutual funds. same reflected in my AIS form purchase of mutual funds only purchase yet not redeem. So AY 2023-24 can i go for ITR -1 or need other itr form.

Please advise

I have filed ITR 3, error show at the time of validation.. Category of defect A :You will not be allowed to upload the return. Kindly correct below errors in order to proceed further. 1. In Schedule VIA, deduction u/s 80U for self with severe disability cannot be more than the maximum limit of Rs.1,25,000 Where I have not entered any amount under this section. I have tried your suggestion of Deletion 80 U from Part b and Part c in numerous occasions but in vein .Please update ITR 3 defects correctly ASAP or provide any other suggestions.

Dear Sir

Turnover Rs. 1 Crore 20 Lacs first time business Can we Go for 44AD ITR-4. Please provide Business Code for Solar plant Installation

what is difference between Fixed capital and Current capital in LLP.
And also Share in Partnership Firm .

dear sir/madam,
when am filling am getting this below error :
In Schedule VIA, deduction u/s 80RRB plus 80QQB cannot be more than the sum of Schedule OS (Sl. No.1e) plus Sch Profit and Loss (Sl. No.15)

how to resolve that error.
any one can help me,
or what app solution : 8309815758

Sir,

Invoice Value Rs.230000/- 4 items. distance from Supplier to Buyer 4KM same city so in this case eway bill need or note buyer has note GSTR number. Mode of transpote - Eriskahaw

Hello, previous FY, I had sold quite a few shares which had been bought before 31st Jan 2018. But the IT portal is not showing loss in cases where it should. Taking example of Aurobindo Pharma:

1) 9th May 2017: 594 (Original COA)
2) 31st Jan 2018: 635.5 (FMV)
3) 31st Mar 2023: 516.45 (Sale Price)

Lower of (2) & (3) is 516.45. And higher of this figure & (1) is 594. Under the Grandfathering clause, the actual COA is also 594. So, there should be a LTCL of Rs 77.55 per share. But on Schedule 112A, under Balance, it's showing approx. 0 (after removing the 'Expenditure wholly and exclusively in connection with transfer' part).

This is happening for all cases where Sale Price is lower than Original COA & FMV. Am I doing something wrong here? Or this is how it's supposed to be?

Thanks.

One of client's supplier raised invoice in CGST & SGST by mistake instead of IGST in F.Y. 21-22.To correct this supplier cancelled those invoices in same year. But then to close the a/c of supplier client claimed the exps in F.Y. 21-22only without GST as per expert's advice. And now in F.Y.22-23, same exp are reversed against that supplier to raise the supplier's balance. And supplier has raised new invoices under IGST and client is accordingly claiming exps in F.Y. 2022-23. Is the reversal and claim of expenses on 21-22 correct?

When you buy tickets partly paying using UPI and partly using credit card reward points in a bank, can you include the total cost of the ticket for the purpose of LTA claim under income tax. Question is not about claim with employers, LTA is a fixed sum of total comp. Qua income tax, can reward points usage be treated as payment.