LIFT PURCHASE FOR SHOP AND INSTALL IN SHOP

CAN WE CLAIM DEPRICIATION.. OR
ALL PURCHASE VALUE OF LIFT ADD ON SHOP ASSET VALUE (FIXED ASSET)
CONFUSED.?

THANKS IN ADVANCE

Sir/Madam

I have one doubt that any person earned income from Dream 11 & My 11 Circle for playing cricket and Rummy then this income is taxable ??? under which head??

please provide link for tax provision.

Sir,
It assessess fees collection income rs:60 lacs f.y.22-23 tax audit itr filed.fees collection income rs:55 lacs f.y.23-24 .sec 44ada provision increased f.y.23-24
Question:
Assessess itr filed sec 44ada or 44ab provision applicable f.y.23-24

For want of registration u/s 12A society was forced to pay tax for the A.Y.2022-2023 & 2023-2024 and 12A registration was given for Rs.2024-2025. Whereas, as per circular no.6/2023, dt:24/05/2023 exemption could be claimed for A.Y.2022-23 onwards if form 10A is not yet submitted is it possible to submit again application for 12A Registration for the A.Y.2022-2023 & 2023-2024.

LTC is not taxable under the old tax regime but is taxable under the new tax regime.

An employee adopted the old tax regime in the financial year 2022-23 and took a ₹50,000 advance from his department and availed the LTC. The employee also submitted a claim for the remaining ₹20,000 of LTC to his department in the same financial year.

However, his department processed and paid the remaining ₹20,000 in the next financial year 2023-24. In 2023-24, the employee switched to the new tax regime.

Therefore, will income tax be levied on the ₹70,000 received by the employee?

I WANT TO FILE IT RETURNS FOR MYSELF FOR LAST FY2023.24
I CAME ACROSS THIS NEW REGIME AND OLD REGIME.
IF I AM A SALARIED PERSON HOW AND WHAT ITR SHOULD CHOOSE.
SIMILARLY MY FATHER IS PENSIONER WHAT ITR SHOULD I CHOOSE.

PLEASE CLARIFY

IS GST APPLICABLE ON ELECTRICITY DUTY PAID FOR POWER GENERATION BY DG SET GENERATOR?

Hi sir, I have mistakenly reversed the eligible ITC under 17(5). Is it possible to reclaim that?

Sir,
Our two employees PAN is inoperative due non linking with aadhar. Salary paid to them for FY 23-24 was Rs.573201 & 527315. They opted new tax regime. So no tax had been deducted. TDS return filled and return processed with defaults. Justification report shows short deduction of TDS Rs. 99640 & Rs.90463.
Does provision of Sec 206AA applicable as the employee is not liable to pay tax.
Pls reply what to do.

during previous year the firm did a consturction contract work for govt. and raised gst invoice (first quarter). later during final payment it was found out there was a measurement discrepency hence we received 5000 less than actual receivable, the same was roported in gstr 1 for quarter Jan-March through a credit note. However due to lack of outward supply in that quarter we could not actually claim the amount reflected in the credit note in the GSTR 3B, resulting in GST turnover showing (actual +5000). Though there will be no issue of turnover mismatch with TDS and ITR, There will be a discrepancy b/w turnover to be reported in ITR and as per GST. What to do? we have not filed yet.FOR clarification we file gst under QRMP scheme