My bank has reported 2 entries of cash deposits SFT004 of > 5Lacs in my Form 26 AS, taking the total cash credit to more than 10 Lacs and thus become reportable under SFT004. one of them is correct and tallies with my aggregate figure as per bank passbook. But the other one is wrong totally. I have asked for a recheck. I have the passbook and checked and rechecked, but did not find a single transaction other than the tallied figure. In case the bank does not change the SFT004 .what should I report/do in the return ITR1 and how. Please give minute details as I am not a commerce person. Thanks in advance.

My son from the USA sends money every month for our maintenance. Is there any cap on this gift amount in the USA and India in the present time?. Is this cap applicable for US- FY or Indian -FY?

Dear Sir,

My query is regarding the HUF complete partition.

After Partition how to inform the ITO regarding the partition and closure of HUF.

Our application Part B of Spice+ is in status "Sent for Resubmission" since yesterday. However, we have not received any email about it.

Is there any other location where we can see the reasons for rejection of our application ?

Thank you ..

Assess I.t. return filed sec 44ada 50% profit declared every year.but actually earned 65% profit present year.
Question:
Assess I.t.return shown in profit 50% in place of 65% filed accepted under I.t. act.

Assess apartment value rs.25 lacs gift to daughter .
How to passed accounting entries for property gift to daughter .

What is the meaning of "Independent Personal Service' Article in DTAA?
Please explain the meaning of this article in simple words, if possible with example.

Thanks in advance.

Dear Sir,

One of my client is a Salaried person and a Resident of India. He has paid rent of Rs. 50,000/- per month in FY. 2019-20.

The owner of the property to whom my client is paying rent is an NRI person. But my client didn't deduct any tds while paying rent in F.Y. 2019-20.

Now my clients wants to pay the entire TDS amount. I want to know what is the rate at which he has to deduct tds and how much penalty he has to pay now since he has not deducted and paid tds every month.

Please help me regarding the provisions applicable incase of rent payment to an nri person.

Regards,
Divyesh Jain

Dear Professional Colleagues,
I have a query regarding the same - one a client (Ref. by my friend) Notice of cancellation of registration has been issued on Letter Date: 30.11.18 for not filing return continuous period of 6 months, and date given for explanation 08.11.18.
on which Letter date 17.01.19 another notice has been issued as no representation has been made (from Company / Companies representative - Auditor) and cancelled somoto u/s 29(2) of CGST.
On reply to 17.01.19 Letter date: 02.05.19 has been made representation (Reason for revocation of cancellation - others (pls. specity))has been made and the same has been rejected on Letter Date: 10.05.19 to represent by 17.05.19.
On which no representation is being made Letter date: 21.05.19 towards Order of rejection of application for revocation of cancellation.
Now as a GSTP (Approved by Govt of india) the client has approached towards revocation as Input is available for Rs. 1.17Lakh is available.
Please help in this regard

Dear Madam, This article is very informative and useful i have a query regarding the same - one a client (Ref. by my friend) Notice of cancellation of registration has been issued on Letter Date: 30.11.18 for not filing return continuous period of 6 months, and date given for explanation 08.11.18.
on which Letter date 17.01.19 another notice has been issued as no representation has been made and cancelled somoto u/s 29(2) of CGST.
On reply to 17.01.19 Letter date: 02.05.19 has been made representation (Reason for revocation of cancellation - others (pls. specity))has been made and the same has been rejected on Letter Date: 10.05.19 to represent by 17.05.19.
On which no representation is being made Letter date: 21.05.19 towards Order of rejection of application for revocation of cancellation.
Now as a GSTP (Approved by Govt of india) the client has approached towards revocation as Input is available for Rs. 1.17Lakh is available.
Please help in this regard