Dear Sir/Madam,

I am writing to seek your guidance on uploading a revised Annexure J1 for the financial years 2013-14 and 2014-15. One of our customers is not receiving the input of VAT as it was mistakenly booked as a sale to an unregistered party.

We have corrected the mistake and now need to file a revised Annexure J1 to reflect the correct information. Could you please provide us with the following guidance:

1. Procedure for uploading the revised Annexure J1
2. Required documents and information to be submitted along with the revised Annexure J1

Dear Experts,

For FY 24-25 , rebate on short term capital gain is allowed if net total income is below Rs 5L under old regime. However is the same available under new regime if net total income is below Rs 7L. Last year the same was controversial , but is there any clarification for FY 24-25 for new regime?

Also in Budget 2025 , is it removed for both - old and new scheme?

Please advice

Regards,

Under new Tax Regime, deduction U/S.80CCD(2) is allowed, if contribution is made by employer. What does it mean ? If my employer did not make any contribution, may I request my employer to contribute the same ? Whether this contribution amount will be deducted from my salary ?

Dear Experts,

I seek clarification regarding the inclusion of gratuity as part of the Cost to Company (CTC). Many companies include gratuity in the CTC structure, but as I understand, gratuity is a loyalty benefit paid by the employer only after the completion of five years of service.

If gratuity is included in the CTC, should it be paid to the employee as part of the full and final (F&F) settlement upon exit, even if they have not completed five years? Additionally, is it appropriate to include gratuity in the annual package from a compliance and ethical standpoint?

I would appreciate a clear perspective on this matter.

Hello everyone,

AO passed order u/s 143(3) and raised demand of 5 lacs incl interest for AY 2013-14 and AY 2014-15.

Ay 2013-14 demand was adjusted against refund due and AY 2014-15 demand was collected by attaching the bank account.

both the years matter is pending in appeal with CIT(A) and client would like to settle the matter under VVSVS 2024.

While filing Form-1 (application) it asks for tax already paid and we need to mention BSR and challan no. what to write in this case since we do not have any challan ??

Do client need to pay the tax as per scheme and claim amt already paid/recovered by income tax as refund ???

At which rate TDS need to be deducted on the above subject, Suppose I have made sale agreement of RS. 11,50,000 then how much TDS should be deducted and in which time it should be paid to the income tax department.

Also explain what are the tax implication in the hands of NRI.

Dear Sir
Priva te company directors are eligible for diviedend . If eligible what will be the tax for the dividend .
Thank you

I deducted TDS at 5% per month on behalf of landlord and deposited the same last month for the whole year. However today when i downloaded form 16C to be shared with my landlord, the TDS deducted is showing as only at 2%. How do i get this corrected to reflect the correct amount

What is the basic exemption limit below which there is no need to file an ITR?
A. 2.5L
B. 3L
C. 4L

Dear Sirs : Valuable guidance is requires in following matter : Kapil and company in Delhi has supplied goods to ABC company in Uttrakhand, Tax invoices, E way bill, transporter GR are all in order. Kapil and Company is called by Assessing Officer of GST Intelligence Department. He is claiming that goods have net been supplied and has rejected all above documents. He claimed that your vehicle has not crossed TOLL nakas to reach destination. In support of his arguments he showed us NHAI - Google map by putting date and vehicle number as mentioned in our Eway bill. He is rejecting all claims of both parties.. Kindly advise. Regards