Dear Experts,

I have two queries with respect: -

1. If turnover of individual exceeds ₹ 1 crore in FY 22-23 and he wishes to opt for non-Audit clause of ₹ 10 crore after satisfying the criteria of 5% limit do that individual still needs to take TAN Number even if he is not liable to Audit?

2. In continuation to above question if TAN is required but the individual does not acquire TAN number for FY 22-23 and T/O of the individual is ₹ 1.8 crore for FY 22-23, and he opts for presumptive taxation u/s 44AD since T/O is below ₹ 2 crore wherein he declares 9% as profit (more than 6% as required u/s 44AD) does it cause anything if TDS not deducted since there are no specify declared u/s 44AD ?

3. Assessment opens up for FY 22-23 after few years and officer ask for basis of 9% profit (basically details of income and expense claimed) :-
a. Do we have to provide them the details of income and expense since for that FY we had
opted 44AD ?
b. Even if we provide them and officer founds that TDS was applicable on few expenses but
was not deducted by the assessee and disallows 30% expense will this 30% will get my
profit already declared u/s 44AD for that year ?

Dear Sir/Madam,

I was an employee till August of the FY 2022-23. Then i started a partnership firm along with my friend in Jan 2023. I switched to partner from employee in the same FY. What ITR should i file.

Also, We did not register the partnership firm, but having business PAN in the name of the firm. What ITR to use for my business pan. Please advise.

Can a person having salary income file a revised return in old tax regime which was originally filed in new tax regime.

HI Experts,
I am planning to put my two flats on rent and would like to know
1. Which ITR form will need to be filled for Next Year FY 23-24 .Income is below <50 lakhs & other income sources are Fixed Deposit/Savings Interest & Dividends
2.Is it beneficial if the rental income is received in separate bank accounts ?
3. Are there different tax slabs or income treated differently if not using ITR1 form ?

Thanks,

Whether non agricultural land compulsorily acquired by government exempt from tax under Land Acquisition Act or not?

We had given for incorporation of A company and it got incorporated on 29/06/2023 .We got TAN and PAN through mail but haven’t received incorporation certificate yet. We raised ticket in MCA portal we got this message” Letter generated. Please download it from download all functionality of dashboard”, but we couldn’t download .Please provide us with some solution .

WHICH IS THE LAST DATE OF FILING ITR OF AUDITED TRUST FOR A.Y. 2023-24

while filling ITR 3 I have not entered any amount under SEC 80U Sch VI . During validation the error comes"In Schedule VIA, deduction u/s 80U for self with severe disability cannot be more than the maximum limit of Rs.1,25,000". As suggested by Mr Dhirajlal on 21st June I have deleted SEC 80U under Schedule C and D. Still same error is coming. Kindly review

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Sir,
I want to open a LLP company with 3 members of different %age sharing. My query is; Objective of this LLP will be Stock trading;

1) Salary paid to all 3 members of LLP taxable slab?
2) Profit balance with LLP after salary paid to Members tax slab rate?
3) Example of expenses to make balanced taxable income to non taxable?
4) Change in %age of Sharing / capital by Members; how to amend?

TDS which was to be paid u/s 192B has been paid wrongly u/s 192A

Can this error be rectified online or writing to bankers ?
If rectification is not possible can this challan be used as if paid under 192A and considered for ETDS returns ?