I maintain books of accounts in accrual basis and one of my party has uploaded tds on cash basis in fy 2022-23 but i have showed the turnover of this party in fy 2021-22 and sales of fy 2022-23 is nil for the whole year . Now in 26AS of fy 2022-23 gross receipts and tds is showing and i have no sales in this year. Now in filling form 3 in tds schedule the gross receipts and tds only i can mention in which head it should be accounted but not the year in which it was accounted. I have to claim the tds amount as refund. will the return show defective as its appearing in 26AS but by Gross receipts for fy 2022-23 is zero.
How to file the form 3 for fy 2022-23 so that the return will be processed.

Sir/ Madam, as and when we submit json file through ITR7-utility we are getting Category Defect A Error that is which upload is not allowed unless the error is rectificed. The error description is 'The source of funds to meet revenue and capital applicaiton at sl no. 'C'' should be equal to 'Total application towards the expenditure of the trust/institution' at sl no. A in schedule A.

We prompltly checked the ITR7 and found they are equal but the above error is persisting and not allowing to submit the same. This happened similarly to two other Trust. Please advice/ help. Thank you.

Dear Sir
I have a query how to calculate tax liability on the individuals epf withdrawal before 5 years, out of the below three heads which is taxable:-
1) employer contribution
2) employee contribution
3) interest received
4) Form 10C rcpt
Thank you

Sir/Madam

I have one query regarding Interest on PF balance of previous employer whose pf balance was not transferred in last five years?

One of my friend has 3 pf account under same UAN no and his accounts balance are not transferred to current employer accounts since 5 year and more.

I have query that interest yearly credited in pf accounts which are non operative??
Clarify me

thanks in advance

Dear Experts
Greetings...!
We have certain doubts in TDS deduction & filing , we seek your clarifications-
1. Whether TDS to be deducted on gross (excluding GST) or on final invoice value (which is final payable amount to us)?
2. In TDS return, gross less TDS or final invoice less TDS value to be entered "Amount paid/credited to deductee" column?
3. If we deduct from Gross, then in TDS certificate(form 16A) showing gross less TDs amount as paid amount instead of total paid amount. Which is correct?
4. Can we able to deduct some months in gross and after that on total final invoice(including GST) after receiving a verdict from our advertisement supplier that GST & TDS were included in their service( they show GST split in Tax Invoice)?

Is there any way to challenge the discrepancies raised by the Issuing bank, if yes, is there any procedure to be followed or one has to go to court of law to challenge the discrepancies.

Dear Abbas,

From the information written, I understood that basically, it is an Opening balance difference coming from the previous year & getting carried forward to C.Y, in this case, you can make some audit Adjustment Entries in the respective head in order to rectify the previous year's error

But before doing anything further adjustments it is better to check with your senior.

Hi Experts,
I filled an TDS return for 2nd Qtr 2023-24. In that Form 26Q, there is an deductee whose PAN is Inoperative and due to that I have been served with a Demand @ 20%.

Please guide what to do in this case ? Should, I have to deposit this demand or any other way to rectify the same ?

Wish to get your valuable support.

whether remittance made by NRI , maximum permitted under LRS out of His /Her NRO account maintain with their banker.

whether new TCS provision will attract NRE if funds are remitted out of NRO Account ?
As such Banker Deduct maximum marginal TAX @30% + education cess ?

Mahendra Doshi C.A

Dear Sir

By mistake in our last year few import invoices( basic amount before gst)shown under in purchase GST head and tax show under IGST. Now return file has been submitted so in future we will face any circumstances due to this reason. Please guide us.