I am sole proprietor of my firm.
I don't have upi enabled in my current account .
That is why some of my customers(due to ease) directly deposit business payment into my Saving bank a/c via UPI transactions.

Is accepting such business payment in saving bank a/c legal and allowed?

If yes,is there any limit upto how much amount of such business UPI payments can I accept ?

Sir,

Let me clarify that company given monthly award to employee' s to whom who given creative ideas in production and quality related task.

Seciton 194r is applicable on award given to employee in foll differant catagories-
1) Total Rewards are more than Rs.20000/ to each employee in each month?
2) Total Rewards are more than Rs.20000/- to each employee in 2 to 3 months?
3) Total Rewards in each month is less than Rs.20000/-?
4) Limit of Rs.20000/- is includes awards given to employee in April to June 22?? individual employee and/or in totality??

thanks in advance for prompt reply.

Regards,

I have carried Forward TDS of Rs. 31,000/- in the Assessment Year 2020-2021, but in the Assessment Year 2021-2022 , I did a mistake and forgot to brought forward the same in the ITR, However I have received Income of the Amount of TDS so carried forward in the Assessment Year 2020-2021 in the Assessment year 2022-2023. Can I use the credit so carried forward in 2020-2021, inspite the same being not brought forward in the Assessment Year 2021-2022. Please do help me on the following. Whether I can claim the same? If I cannot claim as per the IT Act, 1961, what will be the repercussions even if I still claim it?

Hi Sir/Ma'am,

I'm filing ITR3 for the current assessment year. In the salary schedule, it's showing the name of the employer but the salary is 0.
Neither the edit button is enabled.

It's greyed out and non clickable. While in the Form 16 and AIS portal, salary details are correct.
Please help.

I have received DHFL NCD amount which is as per NCLT Settlement by Piramal. Investment was for more than 5 years and amount received is less than amount invested , hence LTCG. Can this loss of capital be claimed as LTCG in ITR? If yes, indexation benefit can be availed in such case (NCLT Settlement ) ? Note: My NCD was cumulative Interest and hence I have not received any interest payment for NCD. THANKS.

Dear Experts,
Could you please share with me a format of an undertaking of u/s (4) to (7) of sec 288 of IT Act, which will be submitted to IT Dept. for enrolling as an Income Tax Practitioner.

Thank You.

Tax consultant services can file return under 44ad or must go under 44ADA?

Taxi cab / tourism service can declared under 44AD?

SUPPOSE X SHOWN B2B SALES OF AMOUNTING RS. 100 IN HIS GSTR-1 AND ALSO PAID TAX IN GSTR-3B LATER ON HE AMENDED THAT INVOICE AND MADE TAXABLE VALUE AS RS.0

IN THIS CASE WHAT ABOUT TAX PAID ON THAT SALES, PLEASE GIVE SUGGESTION AND IN MY POINT OF VIEW CAN I ADJUST IT IN GSTR -9 IF, YES HOW?

Hi,

The query is , A company name Infra is having a Project Green Venture, Receipts( Received in Infra a/c) and Payment( Paid through Infra a/c) entries related to Green Venture entered in Tally. Now the Management wants to move this Project and all transactions related to Green Venture in Pears Constructions. How can I do that?

Ex: Infra Closing balance is Rs. 1,50,000/- now I want to transfer this amount in Pears Contructions. Which under group should I Select for Pears and the same for Infra in Pears.

Please Help to sort out this issue.

Thankyou

Hi,

Need help on availment of input credit on Gst Invoice of Renovation of work done of factory flooring and walls in my company.

Can i claim Itc as i have considered the same under fixed Assets under Factory Building

Kindly revert with valuable answer

Thanks