Hi All,

Last year I filed capital loss after due date. In this year by mistake I have updated that capital loss. I received Notice u/s 143(1)(a). I have accepted given adjustments by Income tax. But its been 2 month file is yet not processed.

In e-proceeding section there is no action pending from end? Is there any thing I can do to process my ITR?

IF WE FILE 29B AFTER 30 SEPTEMBER, WHAT ARE CONSEQUANCES OF THAT?

Hi Team,

I have filed updated return u/s 139(8a) for AY 22-23 in June 2023. Its been in under processing since Feb 2024 but not yet processed. Raised multiple complaints in income tax portal but was of no use. Does anyone also faced similar issue and how long it takes to process updated return?

Dear Expert,

Our company has organized annual event at one restaurant, where all employees will have meal, dance and party together.

Restaurant is charging amount around 5 Lakh.

So is this 5 Lakh amount liable for TDS deduction ?

Please guide.

Hi All,

An assessee owned two separate residential flats.
She sold both these flats during the previous year…i.e. one flat for 150 lakhs in April and other flat for 160 lakhs in August.
LTCG from these flats stood at 123 lakhs and 138 lakhs respectively.
She utilised the entire proceeds from sale of both flats for purchasing one new residential flat for 335 lakhs.
Can she avail exemption u/s 54 twice in the same assessment year ?
Will LTCG arising out of both flats be exempt u/s 54 for investment in the same new residential flat ? or does she have to buy 2 separate residential properties ?

Thanks & Regards
Niki

I am registered Person under GST composition scheme.

If I pay rent to an UNREGISTERED person then who will be liable for PAY GST?

Will I have to pay tax at the rate of 18% on rent in Cmp-08?

Please reply

Sir,
It assessess owns maintained hospital yearly Gross receipts rs:2 crores books of accounts electronic mode method maintained f.y.23-24 and f.y.24-25 books of accounts manual mode maintained
Question:
Assessess electronic modes method maintained compulsory for it act.

So many problems in IT portals.
https://www.tdscpc.gov.in/app/login.xhtml?usr=Ded
I registered on traces portal earlier and got username and password to login as deductor. But now, it is not logging in
My 27Q form is submitted, verified and accepted. I need to issue Form 16A to the NRI seller.

-----------------------------
1) When I login to Traces website as a deductor with TAN and passowrd, it says 'Invalid details'

2) When I ask for 'Forgot user Id' with TAN, it says u are not registered with Traces.

3) When I try to register to traces as new user it gives following error messages
Register as New User

Validation Details
Please enter TAN details as per details from "Know Your Tan Link" on incometaxindiaefiling site

Already registered on e-filing site.
Invalid Details could be because of
i. TAN Not Available in TAN MASTER OR
ii. All the statements filed for Financial Year 2009-10 and onwards are in cancelled state OR
iii. All the statements filed for Financial Year 2009-10 and onwards are NIL Statements (having ALL challans with amount=0)

Only God knows what they have written..
Anybody faced similar issues and any solution for the same?

There are three coparceners [one mother and two daughters] selling a residential property to an individual. Both the daughters will not receive any share from the sale proceeds money from their mother. They have given power of attorney to the mother. Mother only will execute the sale deed.
Purchaser has to deduct tax and pay it in seller’s PAN.
Now, purchaser’s doubt is whether can she pay the entire TDS amount into mother’s PAN only?

FORM 29B FOR MAT IS MANDATORY TO FILE BEFORE 30TH SEPTEMBER? IF YES, THEN WHAT IS CONSEQUENCES OF LATE FILING THIS FORM?