what to do when assessee (Individual) not showed salary income in income tax and deductor deduct TDS in 192 instead of 194J(b) for the same assessment year but later than time for revised return left. What to do?
Assessee showed that income in Business and profession head and filed ITR 3.
My proprietorship firm doesn't exceed 10 cr annual turnover and my cash transactions are under 5%. Do I need to hire a CA or can I file my own income tax returns?
we setup a new company and filled the land with soil. now we make a payment to that individual person so which rate of tds deduction is applicable
Whether merger of proprietorship firm with private limited company is possible ? whether it is possible that private limited company can take over all the assets and liabilities of proprietorship firm
Can a member of ICAI who is paid assistant in ca firm not holding COP can take employment in Industry?
WHAT IS ORIGINAL RRR AND PREVOUS RRR WHEN WE UPLOAD 4TH QTR CORRECTION ZIP FILE ON EPORTAL
Where will be the loan provided by trustee to the trust be shown in the finanacial statements. (Short term unsecured loan)
Sir,
We Received Rs 250000/- in a single Day for a Single Sale Transaction of Rs. 250000
How much TCS is to be collected on this transaction s
Dear Experts
Can anyone help us please?
We did nil return filing of GST for the month of April 2024, by the time we had ITC of Rs 50K CGS and SGST both together these ITC is belongs to April 2024. Now we can’t see the ITC in ledger balance to utilize in current month filing.
Thank you
Best regards
Vijith T K
My client received EX-GRATIA PAYMENT FROM EMPLOYER as part of Separation Agreement of RS.38,00,000 for discontinuing/termination of employment. He can join any other job after separation. In from 16 Employer deducted Tax on all salary including ex-gration payment. In salary Slip for that month its shown as "Ex-gratia" without mentioning whether its exempt or not. As I googled about ex-gratia taxability, its showing as exempt from tax but I was not able to find specific tax provision & section for this. But as in 26-AS salary is shown in full hence as per my analysis Its very probable that ITR may be scrutinized by IT Department. Shall I take this as exempt in a salary & if yes then under which section.
FY 2022-23 Income not source and TDS received in that FY after time for revision of return laps