CBDT in the circular No. 13/2023 dated 26/07/2023 has allowed CCsITs to grant codonation of delay in furnishing ITR by Co-operatives for the AYs- 2018-19 to 2022-23. My doubt is that since the assessment for the AYs-2018-19 to 2021-22 are barred by limitation of time as per Section 153 what purpose would be served by filing return for these years, other than claiming refund if any and certain exemption u/s 194N?
Experts, please comment as your valuable suggestions would help the co-operative community all over India.

I have recently registered and paid 2500 PTEC on 11/7/2023 for FY 2023-2024.
How can I make journal entry for this transaction?
Can consider it as an expense or liability?
For expense I know to just make entry from bank account to PTEC expense account.

If it is a liability, how to make the entry?

If I have filed my income tax return for AY23-24, but chose the option pay later. How do i pay the income tax outstanding amount?

I am filing ITR 3, on validation i am getting the following error:
Category of defect A: In Schedule VIA, deduction u/s 80DD, "Dependent with Disability" cannot be more than Rs 75,000

However, i have not claimed any such deduction and also not showing 0 value u/s 80DD

Please help!

How to pass PF combined challan entry with ABRY EPS benefit heads & unpaid pf entry

Both F&O transaction and Commodity trading are derivative trading and settled in cash. According to provision exception to section 45(5) it is non-speculative business income . kindly clarify as it impacts set off provision.

I am a self - employed person. I have Business Income. I have filed ITR-4. I have received Short Term Profit/Short Term Gain of Rs. 94079/- from Sale of Equity Shares of Listed Companies in FY 2022-23. Can I show this Short Term profit in Head "Income from Other Sources" or Not? Give Your Expert Opinion. Or Please Tell me in which column above Short Term Profit will be shown in ITR-4?

Prem Moolwani

I have filed itr form 1 instead of ITR 2 wrongly online how to rectify the mistake?

Sir/Madam,

Pls advise the documents required to be accompanied with the truck for stock transfer with in the same state with the same GSTIN, stock transfer is being effected from manufacture place to depot. with the radius of 100Kms in same state under same GST number,

Also need expertise opinion for reporting this value in GSTR filing

I'm exporting services to the USA as Business Developer.
I have also registered under GST Act.
My query is, Can I File ITR 4 and avail 44ADA benefit?
Whether there is any other form or filling required in any other act or in Income Tax.