A new private company applied for ESI registration as required mandatorily during company incorporation. After login to ESIC website there was an option of grace period for new company. The grace period was updated till 1/9.

After that an email was received as follows. "You have sought grace period for compliance of your Factory/Establishment under the ESI Act upto 1/9. Please login to the ‘Employers’ portal for updation of status & compliance on or before the expiry of the grace period so as to avoid defaulter action." It received another email later about allocation of labour identification number to company.

The company filed nil ESI contribution for the month of September (since grace period was till 1/9) on October. It was filed by uploading MC excel template in blank format after downloading from monthly contribution page. The company has not started its operations and having no employee so far. These are some queries that I have in this regard.

1) Whether any ESI compliances are required in this case?
2) Is it required to pay nil challan after filing nil ESI contribution this case?
3) Whether the company should keep filing nil ESI contribution every month as it has started filing from September onwards?

Looking forward to your reply. Thank you.

Gud day everyone,
i need to file income tax return of a deceased assessee and it is a TDS refund case, All bank account have been closed by legal heir after the death of the asseessee, now in ITR1, i am trying to add his wife (representative assessee) bank a/c for filing. but, its not getting validdated. Rather, it keep on showing VALIDATION IN PROGRESS , but not validating.

pls suggest a solution for this. tnx

while filing itr 1 for a y 2021-2022 tds credited at 26as is found correct but lesser amount of tds is reflected in dashboard menu on graph section. still while correcting manually tds figure in itr1 and submitting successfully, amount received by way of refund is lesser than claimed in itr1 i.e. while processing itr instead of tds reflected in 26as is not taken into consideration but tds as shown under tds graph is considered. pl advice.
vd kulkarni
solapur

sir
Last year my taxable income is more than 2.5 lakhs and I filed ITR.
During 20-21 my salary is cut due to covid and Iam with in the limit of taxable income.
I received interest amt below 500 form voluntary pf account.
Let's me know
1. shall I file the ITR this year.
2. which ITR Form
Please advise

As per budget 2020, Employer's contribution to PF / Superannuation exceeding Rs. 7,50,000/- is taxable perquisites in the hands of employee for A Y 2021-22. Whether such threshold limit of Rs 7.50 lacs is applicable to each employer if the e,mployee works under more than one employer? kindly clarify

DEAR SIR I BELIEVE THAT WHEN AN INDIVIDUAL RECEIVES GIFTS OR DONATIONS FROM PERSONS NOT RELATED TO HIM , THAT SUM SO RECEIVED IS TAXABLE U/S 56 (2) . NOW I WOULD LIKE TO CONFIRM THAT THERE IS NO BETTER OPTION TO AVOID TAX . PLS

Dear Sir,

One of my client has prepared a Gift deed and transferred their share in property.

There was a Sale agreement between 3 persons in which house property share was divided between father and his 2 sons.

Now the father and his first son gave their share of property to the second son by preparing the gift deed. All the taxes were paid by the second son as property is now in his name.

I need help regarding what entry should be passed for transfer of property as no monetary transaction took place and taxes were paid by the person to whom property is transferred.

Please help me in this matter.

Regards,
Divyesh Jain

Sir,
AIS information in f.y.20-21.
1.Outward foreign remittance -indian portfolio investment abroad in equity shares (foreign portfolio investment)-(purpose code :S0001)
2. Information source:axis bank
3.Amount description: remittance amount
4.Report value rs:1,56,612/-
Question:
Assessee above transaction amount how to show procedure in books and it returns.

OUR FIRM REGISTERED AS TRUST WE WANT TO CONFIRM THAT WE WANT OBTAIN TAN NO OR NOT .

Kindly advice us.
Agoda and Expedia are Foreign Travel agents based at Singapore and Geneva giving room booking for which we are paying commission with GST. Party is not sending bill for his commission and also not remitting GST. What to do