Sir, on last F.Y. we foregate to pay TDS of of one party, now this transection can disallowed, so we should pay this this TDS amount now.
Thanks,

SIR,
Attention (XXXXXXX) it departmentidentified certain information f.y.22-23 avaloable on ais.mismatch compliance portal under pending actions tab and e-verficiations mobile sms received.
Doubt:
Sms received after procedure.

TAN Default notice received against deactivated PAN, tax to be paid @20%. After PAN Aadhaar linking the PAN is now activated. Filed correction statement after 2 weeks using the same PAN. But again default notice issued against the same PAN. Please suggest me what to do?

WHEATHER I CAN REVISE MY IT RETURN AND SUBMIT THE SAME AGAINST INFORMATION CALLED BY INCOME TAX DEPT U/S 133(6) OF INCOME TAX ACT.

Hello Members,

For the AY 2022-23, assessee filed updated Return and tax along with applicable penalty of 125% on Tax amount was also paid off.
However, now intimation order is issued and further tax liability is being raised by the department.
But unlike in normal order received wherein we get the bifurcation of the tax amount and applicable interest us 234A/B/C here in this intimation for Updated return there is no such bifurcation provided by the department.
Could you please assist as to what should be the next recourse as it is evident that tax computation done by the Income Tax department is not right and further they are also not sharing the reason for the increase in tax liability despite all penalites being paid off at the time of filing of return itself.

Regards
Gaurav Jhanwar

If notice issued to builder under section 131 of income tax act and books of accounts seized of builders then addition can be made to buyer of such property merely because in the books of seller cash transaction over and above of purchase agreement?
Is there any favourable case studies regarding above mentioned matter?

INVOICE SAMPLE
Seller.....A
Buyer ...B TAX INVOICE


I. ITEM RMCTH......3nos. Rate 500 each 1500.00

Add.. GST 18% 270.00
Total
1770.00

Special Discount.................. 270.00

Amount Payble.................... 1500.00

Amount paid by B to A............Rs.1500.00

Query.....Whether the Buyer B has to reduce ITC of GST 18% on on Discount Rs.270.00 ??;
Here the seller A has not reduce any Gst liability of his own and deposited the full GST charged of Rs. 270.00 to the Revenue...
Please Resolve and Clarify....>THANKS

My turnover for the FY 2022-23 was Rs. 10.13 Cr.

Client issued manual sale invoices and also filed GSTR 1 and GSTR 3B till January 2024.

My question is can we generate E invoices now for all manual invoices issued earlier, as e invoice is mandatory from August 2023 onwards.

Please guide

Thanks

I have two queries related to the composition scheme as below:
1. Is one composition dealer allowed to purchase goods from another composition dealer?
2. Are there any adverse consequences on purchase by one composition dealer from another composition dealer?

Sir/Madam,
I had bought a flat for Rs 2000000 (all incl) in feb-19 & sold the same for Rs. 2100000 (flat cost) in feb-24. Kindly help me in calculating the capital gain in this transaction. There is some calculation of Indexed cost of property & cost of inflation index for the respective years which i am not aware of. kindly guide in calculation capital gain / loss in this transaction.