Sir,

please provide your valuable advise I am salary person I don't have any business income. i have some Capital Gain from stocks and mutual fund. I don't done f&o and no intraday only delivery basic Transcation. but I did one single Transcation Rs.547/ purchase and 477/- sale through intraday. Can I go for ITR2 it's very small amount. disclose all under Capital gain.

please advise.

I want to know how to edit form 112 in case of clashes of timings

I have got mismatch notice because in the ITR I have shown income as Interest received on unsecured loans and Interest receivable on unsecured loans, whereas in AIS, the income is reflecting in Interest from Deposits (sec 194A).
The interest amount and TDS amount are correct, but I have shown the income separately in ITR as :-
Interest received on unsecured loans, and
Interest receivable on unsecured loans.
Please guide me how to give reply to this mismatch notice.

Respected, Sir, our company is registered under Proprietorship. we are till now paying TDS only one Head ( Other Than Company ) of all deducted TDS of all Contractor of Company nature and Non Company nature contractor. Kindly advice that is correct or not?
Thanks,

There is a company whose register office if in Bihar and doing business of trading me medicine , Now they want to start a new business of event management and that also in Jharkhand. I have to alder Object clause, does I have to inform ROC for branch office? as I have apply for GST registration in Jharkhand for event management

The employee from Gujarat Government receives Form No.16 regularly , but without mentioning the employer contribution in NPS. Is it mandatory to add as an other income in ITR ? However it is exempted , is there any issue regarding disclosing og income ,in future.

Dear All,

The Assessment Unit of the Income Tax Department made an assessment for the Assessment Year 2018-19 under section 147 read with section 144B on 14.02.2024 and a Demand of Rs 1,62,256 is raised. The demand is raised without giving credit of the self assessment tax paid on 07.04.2023 at the time of Filing Return of Income U/s 148 i.e. Rs. 60,917.

Rectification petition for credit of Rs. 60,917 has been filed with the Jurisdictional Assessing Officer and is pending for processing.

Balance Demand Rs. 1,01,339 (1,62,256 – 60,917) paid within 30 days of demand raised. Now, I am unable to file the application U/s 270AA (Form 68- Immunity from Imposition of Penalty).

In Point 8 of Form 68--- “Details of amounts paid”, since the date of amount paid as self assessment tax at the time of Filing Return of Income U/s 148 is before the date of service of order so an error message is displayed as “Error: Please enter valid date of deposit and it cannot be before date of service of order”

What course of action should one take in such a case so that the Form 68 is successfully filed for grant of Immunity from Imposition of Penalty?

One of the options I feel is to wait for the processing of rectification filed with the Jurisdictional Assessing Officer so that the demand gets reduced and the credit of Self Assessment Tax is given.

What are the other options available?

Please suggest.

Dear Sir, after taken from last bill of contractor, his threshold limit is cross 1 lakh, now contractor total bills Ledger amount is 130,000/-
then which will be taxable amount for calculate his TDS ,
on overall total amount (130000) Or exclusive threshold limit 1 lakh. ( on only Rs. 30000 )
Thanks

Writing an assignments is the most difficult task for the students and they do not write before the deadline because they do not have good skills to do work so therefore all students do hard work to get an good remarks. So, this is a reason, they find a writing website like https://www.assignmentace.co.uk/ where they can place an order for writing work.

Me and my wife purchased an apartment in Nov 2017 as co-owners for value of 72 Lacs. For purchase of property PAN was given by both of us. The Home Loan EMI is completely paid by me, also TDS was paid by me. But in Income tax department sent a notice on 1st April 2022 to my wife for purchase of immovable property and source of income. This notice I responded by giving explanation and all documents. But after that many notices came which we somehow missed responding , Now the IT dept has sent a closure notice with order passed u/s147 r.w.s 144 read with section 144B of the Income-tax Act. The amount is very high amounting to 2 Cr+ which is impossible for me to pay, all property related documents and transactions I have.
Also u/s 270A notice is recieved stating '. You are required to show cause why an order imposing penalty u/s 270A of the Income-tax Act,1961
should not be passed.'

Can you experts please help on this