agar hum jis party se 50000 se upar ke goods purchase kar rahe hai aur usi party se delivery bhi karwa rahe hai to is case hum party se bolte hai ki customer ko bill na de hum apna bill de rahe hai to kya hume bhi e-way bill banana zaruri hai kyunki jo party goods delivery kar raha hai usne bhi e-way bill generate kiya hoga same address par jis par hum apna bill de rahe h?

For the first year of filing after Incorporation of a company do we need to provide the subscribed capital details at time of incorporation In Form AOC 4 , tab " Share capital raised during the reporting period ". Or its only meant for additional capital raised

Hi,
This question is w.r.t Final payment of TDS for property sale.
This is for 2 buyer and 1 seller.
Below is about 80% share of 1 seller.

Total Value of Consideration (Property Value) - 81,04,500 INR

Total amount paid/ credited in previous installments, if any (A) - 61,59,420 INR
Amount paid/credited currently (B) - 3,24,180 INR
Total stamp duty value of the property (C) - 64,83,600

Amount on which TDS to be deducted (D) is directly getting calculated at - 64,83,600 INR.

Ideally, since it is last installment, amount on which TDS to be deducted needs to be visible as 3,24,180 INR. However, it is showing 64,83,600.

Kindly help and update what needs to be filled in A, B & C so that I pay TDS of 1% on 3,24,180 INR only.

Sir,

Payments made for software license but hit by Circular No.21/2012, consequently, no tax deducted u/s 194J.

Whether the said amount would still be booked under royalty?

If assessee had agriculture income in inheritance, then such agriculture land converted into non-agriculture land i.e. commercial land and make his sub plots and sale to others, so what is treatment of such income arise on sale whether capital gain applicable in such case or consider in PGBP, if considered in PGBP, then how to provide effect in that i.e. Treat as direct income under Trading account or treat as indirect income in P&L Account?

My ITR3 for AY 2023-24 has been processed by CPC under OLD REGIME without recognizing the Taxation Option exercised undersection 115BAC for NEW REGIME by filing FORM 10IE during AY 2022-23 on 01-Jun-2022, which has been CONTINUED for AY 2023-24, as EVIDENT in the ITR3 filed for this Assessment Year. I have also Registered my grievance in this regard in the e-portal of the IT Department and have sought RECTIFICATION FIVE TIMES under Section 154 but have got the same RECTIFICATION ORDER repeating the same MISTAKE with processing done under OLD REGIME with TAX DEMAND of Rs.87,000. (Similar thing had happened in AY 2022-23 but it was corrected by RECTIFICATION). I am in continuous correspondence through email and written communication several times with the Department, including grievances raised on E-PORTAL, but the issue remains UNRESOLVED. I have also registered my grievance in this regard in CPGRAMS Portal of GOI which is pending.
I request advice on further course of action to resolve the issue including as to whether i can file an Appeal under Section 264 .
G S Prakash

While trying to generate XML in java utility in ITR 3, I am getting an error of "Please specify the nature". Please help in solving it. While clicking on error it redirect to schedule BP. I have already selected code under the nature of business. Pls Help

IF WE FILE AN APPEAL AGAINST ORDER ISSUED UNDER SECTION 154, FOR PARTIAL ALLOW OF TDS AND LIABILITY TO PAY DEMAND IS MORE THAN 1,50,000 THEN IT IS MANDATORY TO PAY 20% OF DEMAND ISSUED UNDER SUCH RECTIFICATION ORDER?

Sir,
We are regularly generating E Invoice and IRN no also generated against each invoice. But due to some technical problem in our ERP system, IRN is generated against against some invoices , GSTR-1 return has been duly filed. Then how can i generate IRN no against such invoices.

Hi,

I had bought a RHP1 on 04/01/2024 (FY 23-24) for 50 lakhs. I have sold a RHP2 on 10/11/2024 (FY 24-25) and computed a capital gain of 45 lakhs.
1. Can I take exemption u/s 54 by showing the capital gain of 45 lakhs in RHP1?
2. Any particular details to be mentioned in ITR of FY 24-25?

Thank in Advance.