Akshit Jain
26 October 2024 at 13:12

Account Type for RNOR

Would a RNOR (Resident but Not Ordinarily Resident) open a regular savings account or NRO account?


MAHESHAApro badge
26 October 2024 at 13:11

TDS Charges

is there is penalty or charges for revised TDS return from f y 24-25


Jagadish T G
26 October 2024 at 12:59

Pvt Ltd Company showing Inoperative PAN

Dear Experts...

Company PAN showing Inoperative in TRACES website.

How to link Aadhaar to this PAN and to proceed with filing e-TDS return?


Joseph mathew

Generated an e-invoice for a tax invoice that includes both 5% and 0% rated items. However, for GSTR-1 reporting, the 0% sales need to be declared separately in Table 8, while the e-invoice data will be auto-populated in Table 4 as taxable supply. Reporting the 0% sales separately could lead to a mismatch with the auto-populated e-invoice data. Since issuing separate invoices isn't feasible for us, I would like to know if manual adjustments are allowed. Specifically, after the e-invoice data is auto-populated in Table 4, can I manually shift the 0% rated supply to Table 8 in GSTR-1 during filing, even if this results in a mismatch with the e-invoice taxable value?


Amit Patel

TDS on Purchase of goods

I'm looking for clarification on the applicability of TDS under Section 194Q when purchasing foreign currency from a single vendor.

According to Section 194Q, it applies to the "purchase of any 'goods' of the value or aggregate value exceeding..." However, the definition of "goods" specifically excludes 'money' and securities.

I would appreciate any insights or references to relevant guidelines on this matter. Thank you!


Suresh S. Tejwani
26 October 2024 at 11:37

REGARDING TAX PAYMENT OF IT TAX

IF TAX IS PAYABLE ALONG WITH INTEREST AND CESS BUT WHOLE TAX IS ALREADY PAID UNDER SELF ASSESSMENT HEAD IN TAX SUB-HEAD ONLY. SO, THIS CHALLAN IS VALID FOR TAX PAYMENT IN SUCH CASE?


Chahat Khanna
25 October 2024 at 19:18

LTA DEDUCTION amount

Resolved and deleted.


KARISHMA will CA

Dear Sir,
I have a client who is providing freelancing services in the USA. The USA vendors give him Off-market Cryptos and gift cards in exchange for his services. These amounts if we calculate turn in approximately in crore in a year. He sells these cryptos as per their requirement in the market in terms of some percentage like 98% of vale etc.
What are the Tax implications when he sells these cryptos in India. these services will count as export of services or not. please tell me these too. he has LUT and IEC also.


stapler
25 October 2024 at 18:40

Indexation benefit for sale of shares

Dear Experts, please guide me on my query.
Is the benefit of indexation using Cost inflation index available while computing LTCG on sale of listed equity shares as per section 48 with 20% tax? Or 10% according to sect. 112A. Thanks.


Suraj

Dear All,

HUF's original IT return was filed under NEW regime before due date & there was a refund of Rs. 44000/-., Now the assessee wants to revise this return as he forgot to show Tax saver FD of Rs. 150000/- under 80C investment. Had this shown earlier, he would have got refund of Rs. 49000/-.

Can he file a revised return under OLD regime by claiming this 80C deduction??
Kindly guide.

Thanks & Regards,
Suraj