Dear Experts,
one of my clients appeal is pending for more than 5 years for final orders from cit appeal in faceless
scheme., is there any way to get it done earlier, Please guide with valuable knowledge.

Thanks in advance,
K.B.Nagesha Rao,

whether these terms in accounts are correct
Trade Payable - Vendor, Supplier
Purchase - Inward
sales- outward

Hi, I'm an NRI. I only have dividend and interest income in India. Interest income is negligible and total income from dividends of listed equity holdings is around 1.5 Lakh INR annually. Considering this falls well below minimum taxable income slab, am I eligible to claim the 20% TDS (the rate for non-residents) on my dividends paid? If yes, then I'd like to engage a CA for filing my returns. Please clarify.

Res/ Sir, Madam,
We make monthly returns, and we purchased goods from one such Proprietary firm which are return quarterly. So Sir, when we should ITC be claimed and how much?

Thanks,
Regards,
Ashok Yadav

DEAR SIR,

ONE OF MY CLIENT DAUGHTER, CLAIMED HRA FROM SALARIES BY PAYING HOUSE RENT TO HIS LAND LORD MOTHER OF RS.6,54000/- NOW MY QUERY IN THIS SITUATION RENT PAID BY INDIVIDUAL ABOVE RS 50000/- SECTION 194IB IS APPLICABLE TDS @ 5%.

THE SUMS DISPLAYED IN AIS REPORT THE INDIVIDUAL HAS TO FILE INCOME TAX RETURNS

REGARDS

An individual & his spouse purchased a flat in joint names while they were employed and were resident in India. Thereafter they both went abroad and become subsequently NRIs. But flat in India is still lying closed and is not rented out and is in self possession only and they are not earning any rent etc as it is not let out . There is no loan and no interest liability . Hence following queries:-

1. Are they still required to fill schedule of " Income from House property " in their respective ITRs when income of house property is NIL. OR they are really not required to fill schedule at all , as there is only one property and is in self possession only. ?

2 Are both of them required to show same flat in their individual returns ( as there is only one flat ). as the flat is in their joint names as " co-owners " ,??

3. Is it compulsory to fill schedule of " Income of house property " even if there is one property and that too in self possession and with "NIL" income therefrom.???

4 Will there be any issue foreseen when they will sell this flat some time in future but are not filling schedule of " Income from House Property" of present years when they are still owners.????

Pls guide on above four points assuming that there is no loan interest to be paid .

Can a minor become a brand ambassador in india ? If yes, what is legal process of it ? Business will be managed by his parents.

Can we take interest on gratuity year wise and submit IT return.

We were trying to file ITC04 with a fully validated JSON File but the site was showing that there was some error in validation of structure of the JSON file and to use the latest form of Offline tool. Each time I repeated the filing with a new offline tool the error persisted.

Is there any remedy for this Problem?

My ITR of fy 22-23 is under process since September 23, is there any time limit to proceed it?