Hello Members,

Client missed filling returns for FY 2021- 22, got to know from the message received from Income Tax department that Return was not filed.
Now when go to file the return which become updated return, there is penalty of 25% of tax amount applicable.
Is there a recourse to get relief on the penalty and avoid paying the same.

Regards

WHEN B2C HSN SUMMARY IS MANDTORY
1) ABOVE 5 CR ONLY
2) ABOVE 1.5 CR UP TO 5 CR

AFTER DISALLOWING EXPENSES IN INCOME TAX RETURN ON GROUND OF NON-DEDUCTION OF TDS, CAN INCOME TAX OFFICER ASK TO PAY TDS ON DISALLOWING EXPENSES IS IT MANDATORILY OR OFFICER ASK FOR SHOW CAUSE WHY ASSESSEE NOT AS ASSESSEE IN DEFAULT

Dear Experts,
In Saving Account Small Amount & under 5000 amount is Paid to Suplier Can We disclose this Paid Amount as Non-GST Purchase Only.(No in GSTR-3B)
How Many Limit value for single Non-GST Purchase Bill against single Person.
Whether can we show Dummy Name In Purchase Invoice .

Thank you......

While uploading updated return for FY 20-21 for co-operative Society (ITR-5) I am getting error showing "caught error description as null". I have alredy raised grivence and droped a mail to efiling department. But still propblem not solved. If anyone have solution kindly help.

Respected Experts,
Ours is sole proprietorship concern on a rented property (land and buliding). Our proprietor has now bought that rented property in his Wife name. And we are planning to pay rent of Rs.1.00 lac in his wifes name and dedcut TDS at 10%. Wether GST will be applicable on rent in this case?

I did my CA Inter in 2003. Can I appear CA final exams now

A PERSON PURCHASED LAND IN 2011 FOR 25 LAKH. GIVEN THAT PROPERTY FOR FOR DEVELOPMENT WITH REGD. JDA ON 28.03.22 (STAMP DUTY VALUE 66 LAKH). IN CONSIDERATION HE WILL RECEIVED 10 FLATS. PROJECT WILL COMPLETE IN 2025. PERSON SOLD TWO FLATS IN THE YEAR 2022-23. CONSTRUCTION IS GOING ON. WAHT WILL BE TAX IMPLICATION. PLEASE GUIDE.

Dear Experts,
1 A company is availing the security services from a GST registered person,
2 Since the RCM is applicable, the company is discharged its lability.
3 Now the query is
4 Whether the service provider needs to FILE GSTR 1 on invoice wise basis.
5 If the service provider not filed, will the service recipient have any consequential effect?
6 Pls clarify

Dear sir,
Kindly advise on following deduction under income act
Corporate spend on Higher eduction of their Key employee for future benefit of company in India.
whether it is deduction business expense for coporate. Whether eduction cost is treated as taxable income for employee.