Sir,

A individual Building Contractor who have GST registration can avail Input Tax Credit???

I HAVE A PROPRIETORSHIP BUSINESS .. APR 20 - MARCH 21 THE TURNOVER WAS LESS THAN RS 2L BUT THE EXPENSES WERE HIGER THEREBY INCURRING LOSSES .. DO I NEED TO AUDIT MY ACCOUNTS AS I WANT TO SHOW LOSSES TO BE CARRIED FORWARD FOR NEXT YEAR .. KINDLY GUIDE ..

Note that I receive pension from EPFO(Employees Provident Fund Organisation) Rs. 1128.00 PER MONTH which has started in the Financial Year 2020-21 . please guide me urgent basis in the whether this income is exempt form tax U/Ds 80 C or is it a taxable income on this matter by referring income tax provisions .

If Pension Income is Taxable Income then which is the process it is show in the computation sheet for the Assessment Year 2021-22.

Dear Sir

Proprietor has been dead and his capital Transfer ( dt. 31.03.21 ) to His both Sons MR. X and Mr. Y under HUF account equally Rs.1246243/- Please suggest in books of account In which group i crate the ledger of Both sons

Dear Sir,

If a person is into Business of providing hr services and teaching services and his tds gets deducted under Section 194JB, can he adopt presumptive Taxation scheme and file return under Section 44ADA.

Please help me in this matter.

Regards,
Divyesh Jain

Dear All,

I have validated the bank account for refund of my client but it is showing that bank account validated but there is mismatch in name as per bank records. However at both the places there is no mismatch in name.
Actually i want to raise refund reissue request but the mobile no. linked with Aadhar has been surrendered and EVC can not be generated due to name mismatch issue.
What can be done now??? please help

Dear Sir/Madam,
I'm filling ITR4 (consultancy fee) for the fy 2020-21. I need help regarding above subject i.e. i have sold my mutual fund long term & short term equity oriented mutual fund) calculation as follows: 1.long term purchased at Rs.56000/- sold at Rs.67807/- differ -Rs.11807/- &
2. short term purchased at Rs.24000/- sold at Rs.28953/- differ -Rs.4953 (tax @ 15%-
Rs.742.95).
Please guide me where to show above values in ITR4.

Thanking you,
Ajay

There is a "Revised"button in the portel for form 10B. But could not file revised form 10B. Is it possible to file revised form 10B ?
Thanks in advance

I am paying rent Rs. 65000/month to one of my friend. However as per Section 194IB I read as "The above said tax shall be deducted: when rental expense for the last month of the previous year or the last month of tenancy, if the property is vacated during the year is booked in books of accounts, or at the time of payment, whichever is earlier.
Further I will be deducting TDS in the month of February 2022 at 5% on Total rent payable for the year. (it will be as 65000 X 12 = Rs 780000/- and TDS will Rs 39000/-. Hence Net Rent paid for February 22 will be Rs 26,000/- (Rs 65,000 Less Rs 39,000/-)

Am i liable to pay Interest from April 21 to January 22?

Sir,
A it person cash loans from different creditors rs:25 lacs
cash loan to different debtors rs:10 lacs outstanding ledger balance amounts previous from 2018 years show in books.if a person interest receipts and payments every year .
Question:
How many years writen-off compulsory cash loans provision applicable in it act.