Sir,

I want to know the TDS applicability in respect of the below transaction. One of my group Company which was liable for audit availed vacant land under government scheme from KINFR (a government undertaking). During the financial year 2023-24 they have issued invoice under SAC 997212 for a total value of Rs. 284049 and out of the total amount Rs. 139359 was relates to the previous financial year 2022-23. Respective financial year invoices were issued separately. Whether TDS was applicable in this case?.

Hi
I applied for a foreign national PAN card through NSDL website and sent a copy of physical documents through post. I received an email stating
'Acknowledgement receipt has not been signed by the applicant.
We request you to Kindly submit specimen signature of the Applicant on a separate paper.'
I signed in an A4 size paper and mentioned my acknowledgement number as well. Yesterday I received the same email again.
My query is
How do I correctly submit my specimen signature?

As per settlement reached between bank unions and Indian Banks Association, Banks will be disbursing ex-gratia to bank pensioners. This is on monthly basis and the calculation is based on some formula which in turn depend on the retirement period and the pension that is being drawn now. The amount may vary between Rs.400 to Rs.5600.

Is it true that the said ex-gratia is not taxable? There seems to be a case (Arunbhai R Naik) decided by the Gujarat High Court on the matter wherein it was held that such ex-gratia will not be treated as profit in lieu of salary within the ambit of ‘income from salaries’.

Please also refer to a write up in the Economic Times (https://economictimes.indiatimes.com/definition/ex-gratia-payment)

S Kalyanasundaram

Hello sir, once filed updated return if it is declared invalid, can we file updated return again for same assessment year

I have income of Rs 2 lakhs as business income from intraday trading and Rs 15 lakhs from short term capital gains from share trading. Should I opt for old regime or new regime for the financial year 2023-24?

Dear Experts,
1 The Stautory audit firm's staff staying in the hotel.
2 The company is remitting the amount to the hotel for their accomodations
3 The hotel raised the invoice in the name of the company.
4 Now how the company can account this expenses under which group?
5 What would be the ledger name for this transactions.

Dear Experts

I run a coaching center of ILETS, PTE and Visa services etc

can i file ITR-4 and show profit 8% or more under sec-44AD

if no, what is the Tax Audit Limit in that case

Thanks

After OTP enter in msme registration site is crash Now while I start again than it's show your pan have already registered.
What doing now?

Paid advance for Software development(ERP) amounting to Rs.15,00,000 on 20/12/2023

Vendor raised the Invoice for the advance paid on 20/03/2024 along with GST

Software development expenses(Intangible asset a/c) dr 15,00,000
Input CGST 9% dr 1,35,000
Input SGST 9% dr 1,35,000
Party a/c cr 17,40,000
TDS for sec 194J(Technical Services@2%) cr 30,000

Is the above entry correct?

Hi,

If Retailer/Shopkeeper is generating bill as Capex Reimbursement to the Shopping Mall and put SAC code 995419, Rs. 45 Lakh +GST 18%.

On the above case, is TDS Applicable, if yes then under which Sec. and can Shopping Mall can take GST Input?

Kindly give your valuable suggestion on the same.

Thanks in Advance,
Sanoj