If order under 220(6) of income ax act, 1961 is issued regarding approval of stay in CIT(A) and assesse has already paid 20% of outstanding demand
So whether any submission is to made against such order in income tax portal?
Whether such order is to presented against CIT for stay ?
Dear Experts,
In FY 22-23 my company purchased goods from 5-6 suppliers and claimed GST in the respective months. But, in the same year the company detected a scam in the purchase department. So, we refunded the GST through cash of some suspicious parties, but after investigation in FY 24-25 we found that some parties were genuine. Can we get GST refund in FY 2024-25? Please help me as the amount is very huge
If yes, please provide me supporting evidence like judgement, circular, section etc.
SIR I AM FILLED FORM NO. 10-IEAFOR THE YEAR 2023-24 AND RETURN ITR 4 FILLED, BUT I WANT TO CHANGE TO FILE REVISE RETURN AND OPT NEW TAX REGIME IS IT POSSIBLE
While Filing Form 24 Revised Return thru TDS RPU Software choosed New Regima the following error coming
Travel Allowance / HRA Allowance will not be blank if you choose new regima.
Anyone found solution for this error ?
B Murugan
Chennai.
WHAT IS THE MEANING IN 26AS
transaction DATE
AND DATE OF BOOKING
THANKS IN ADVANCE
2 Brothers both senior citizen sold a property in joint name to a single buyer...whether consideration is mandatory to give both the owners as 1 brother doesn't have Bank account? And consideration received if used to buy another home in the name of wife is it possible? What are the capital gain tax implications in this case?
Sir, I Have amended (decreased) turnover in May 2024 GSTR-1 Period for the month of Nov 2023 and filed GSTR-1. But, the input decreased was not available in GSTR-3B for May 2024. should i Manually enter in GSTR-3B to claim the foregone GST sir..
Pls help me in this matter sir
i mistakenly paid advance tax as self ass. tax in the challan. I filed correction request for change of a.y and minor head [advance tax(100)] through efiling portal.
Now:
1. How much time does it take for getting challan correction request approved?
2. in the meantime, should i pay another challan for advance tax liability (in case challan correction does not get approved by 15th june) ?
A partnership firm has constructed a commercial property with object to sell it , but due to price property could not be sold in 2023-24 hence decided Rented the same property to A hospital company pvt ltd. say 2,00,000/- pm for six month . now in income tax how it will be considered , as business income or House property Income . how to keep record in balance shee and profit & loss account in TALLY and income tax return . If rental income is considered how it will be treated in Tally and Income Tax retur. Thanks in advace
SIR
MR A SALES OF VACANT LAND RS 15,00,000 AS ON 15.06.20023. HE PURCHASE THIS LAND AS 0M 10.05.1987 COST OF RS 13,000. AFTER HE SPENT THIS RS 4,50,000/- FOR IMPROVEMENT AND DEVELOPMENT EXP FOR VARIOUS YEAR ( 1990 RS 60000/- AND 2001 RS. 75000/- 2005 RS. 125000 AND 2010 RS 90000/- And 2020 RS. 100000/-)HE FILING THE INCOME TAX ASSST-YEAR 2024-25 HE CLAIM THIS AMOUNT ON CAPITAL CAIN WORKING
THANKS
REGARDING ORDER U/S 220(6) OF INCOME TAX ACT , 1961