Dear All

Please confirm what is the rate of TDS while a company gives sales incentive to a salaried employee. Whether we have to treat it as part of salary and deduct TDS accordingly or can we deduct the portion of Incentive under TDS for Commission?

Hello sir ,
My wife I have ITR1 with old Regime on 8th July (No Refund and no Demand,some Tax Self Assignment tax already paid).

We want to revised it . Can I select New Regime while revised After due date as it seems Beneficial to us

Sir,
A RTP business principal place visit gst officer sales turnover compared f.y.23-24 April to June -23 rs:40 lacs vs rs:24-25 1st quarter April to June -24 rs:30 lacs sales turnover short fall reason enquiry
Question:
Gst officer visit in business principal place sale turnover decrease reason asked provision in gst act.

SIR,

WE HAVE A DEVIATION IN THE FLAT AND THE REFUND HAS BEEN HELD UP . IS THERE ANY AMICABLE WAY TO GET THE REFUND POST SOME DEDUCTION , PLS SUGGEST

Purchases iron scrap to URD Dealer RCM Applicable??

What is GST rate and HSN code for Vastu Shashtra services offered ?

Hi,

I bought an under construction apartment in 2006 directly from a local builder and paid via installments (a total of XX Lakhs) for which an agreement for sale was executed and installments were paid based on construction progress, I was also able to finance a part of the purchase via home loan from bank using the AFS as basis for YY lakhs which I was able to repay with interest in around 5 years. The apartment was registered in my name in 2008 with Sale deed reflecting only value of N Lakhs (without including Registration and Stamp Duty) by builder

Now I am trying to sell this property in 2024. I had the following questions:

1) What would be the Cost of acquisition for this flat I can use since Sale deed only reflects N Lakhs but I actually paid XX lakhs as per AFS to builder (I also have bank loan of YY lakhs as proof)? (YY+N=XX)

2) Can I show YY Lakhs as Cost of betterment to be included if only N lakhs is allowed as Cost of acquisition in 1)?

3) Assuming that Indexation benefit is still available to me in current FY, What would be the indexed cost of acquisition (apply indexation factor 363/122 around 2.97) to entire XX lakhs. Please confirm the indexed cost of acquisition I can use to calculated LTCG?

4) Assuming indexation benefit is not available to me in current FY, what would be the unindexed Cost of acquisition for the apartment?

Thanks for the clarification in advance.

Regards,

Sir/Mam,

One person planning to open Tours & Travels business under Proprietor concern what registration required
what is the process

Plz kindly explain

Thanking you,

MY CLIENT HAS TAKEN A PROPERTY ON RENT FROM A NRI .HE IS DEDUCTING TDS @31.20% AND DEPOSITING THE BALANCE AMOUNT IN HIS INDIAN ACCOUNT WHICH IS WITH ICICI BANK. MY QUESTION IS WHETHER HE IS REQUITED TO FILE 15 CA ALSO AS HE IS NOT TRANSFERRING THE RENT IN FOREIGN EXCHANGE.

Hi Team,

I received defect notice 139(9) post submission of my ITR -1 with old regime.

The notice says it mis-matched the income from my 26AS , However I included all income mentioned in 26AS in ITR-1 . but the defect is came as under 26AS along with my salary income there is one business income (section 194c) present which I consider as other source of income while filing the ITR-1.

Now, I realize I have to file ITR-4 for AY-2024 - 2025. 

issues :

To response the defect notice with failing the ITR-4 it not allowing me to file it under old tax regime
I have filed Form 10-IEA  (filled on 4th Aug 2024) Although it not allowing me to opt for old regime



Please help me here with you kind guidance.

As well as please let me know , if in case I did not response to the defect notice within allowable timeline what can happened ? (as I have mentioned all the income in ITR-1 as per 26AS just the business income mentioned as other source of income.



Thanks