Sir,

Bank manager transfer money from My CC account to current A/c without my knowledge.
Is it right, do bank manager has the power to do that.
Please advise.

An amount was received for accidental death from an Insurance company and such company deducted TDS under section 194A. So, my query is can I take exemption or deduction in respect of that tax amount deducted and if so, under which section of the income tax act can I claim?

My Income from Interest on FDR Rs. 5 Lakhs approx and Income Rs. 200000 capital Gain and 30000 annual from accounts work for fling of GST of GST Return etc please advise the amount of Rs 30000 may be shown in Salary Head in Income tax Return and file return in ITR-2 Dharam Pal Mob. No. 9810600330

Dear All
Can we settle or treat 'unrecovered old advance from employees' as a normal revenue expenses ?
Income tax act will allow this type of expenses for tax computation or not ?

Regards

S Mallick

Sir,
My Income from Interest on FDR Rs. 5 Laks approx. and Income Rs. 200000/- capital Gain and Rs.30000/- annual from accounts work for flling of GST of GST Return etc. please advise the amount of Rs.30000/- may be shown in Salary Head in Income tax Return and file return in ITR-2?
Thanks
Dharam Pal
Mob. No. 9810600330

Dear Sir,

Can a new members who has complied all the provision of the purchase of flat eligible to be appointed as treasurer. Few people opinion that a person can't be appointment to any position till 2 years from the date of Enrollment. They mention that section 27 MCS is the provision governing this.

Regards,
Murari Bharuka

I have an asset purchased on 1April2001. Now it has been sold this year i.e. in the pear 2023 in order to save tax i want to reinvest the amount in a new residential property( as per section 54).
My query is do i need to invest entire sales proceeds(net sales) or i can deduct cost of acquisition amount also taking into account inflation index.

Dear Experts,
I am a Salaried Person also running the TATA AIA agency. The TATA AIA deducted GST from my commission.
I don't have any GST registration.
Can I claim GST deducted by TATA AIA Insurance company while Income Tax Return?

An individual have received Demand Notice u/s 156 & Order u/s 147 for not filing ITR. As per order accompanied with computation sheet, its shows tax liability of approx 5 Lakh which includes interest u/s 234A & 234B and also INR 10,000 u/s 234F. The order shows details taken from Form 16 obtained from employer in which net tax payable comes to zero but in computation sheet shared by Income Tax they have not taken deduction under Chapter VI and also not considered TDS because of which tax liability of approx 5 Lakh is coming. Had IT department properly considered deduction under Chapter VIA & TDS, tax liability would have been limited to INR 10,000 ( u/s 234F) . Please advise how to respond to their notice & order from Income Tax portal ?. The Demand order does show option of filing appeal in Form 35

Sir,
A Doctor maintained a private hospital and pharmacy Stores
Cash balance as on dt:30-03-24 rs:40 lacs as per hospital account books and physical verification cash rs:35 lacs
Cash balance as on dt:30-03-24 rs:30 lacs as per pharmacy Stores account books and physical verification cash rs:32 lacs
Question:
Assessess excess and shortage cash amount deposit in bank account as on dt:31-03-24 compulsory.