Dear Experts,
1 A company is remitting the settlement amount to the defendant as directed by Court.
2 How these expenses could be acccounted in the company's books of accounts?

Does tax audit is mandatory for a partnership firm having turnover Rs. 1,14,00000/- (One crore fourteen lakhs) for the financial year 2023-24 or we can OPT presumptive taxation u/s 44AD


Please suggest, thank you

CA certificate format for filing gstr 10 final return.and is it compulsory to file gstr 10

Invoice Value is over 5 lakhs. But the goods are not being transported or moved and are sold to be kept where they are. Is an e-way bill required? If yes, then what about part-b details? The distance is 0 km.

Or will the e-way bill be generated with no details in part-b and the distance should be written as 1km.

What is the GST rate on construction of residential affordable housing in case where land is not owned by contractor.

Hello Sir/ Ma'am,

I am a salaried employee and invest in stocks.My salary is 30 lacs.In FY 23-24 I have sold shares worth 80 lacs.14 lacs ltcg and 13 lacs stcg. Please advise an efficient way to reduce tax.ie opening llp/company etc.

Also do I need to register for GST in the above case?

Anticipating your reply!

Thanks in advances!

PURCHASE INVERTE BATTERY FOR OFFICE USE
AND ALSO PURCHASE AIR CONDITIONT FOR OFFICE USE
WHAT IS D RATE OF DEPRICIATION IN BOTH ITEM

THANKS IN ADVANCE

Dear Sir
Today I filed my IT return successfully. But I received message for the department that my IT return is defective u/s 139 (9) of IT act. I filed IT return by choosing ITR1 Form. Please note I have income from under Sec 194C Rs.131000/- & TDS credited Rs.1310/-, as per 26AS.
Following are the message received from the department. You have filed your income-tax return in form ITR-1. As per TDS details in your Form 26AS, taxes have been deducted under sections 194IA/194IC/194M/194S/194C/194B/194BB/194BA, etc. of the Income-tax Act, 1961. These sections are reflected as (4IA/4IC/94M/94S/94C/94B/4BB/4BA) in Form 26AS. These sections imply heads of income for which form no. ITR-1 is not the appropriate form. Thus, the required schedules for reporting incomes pertaining to said TDS sections are not present in your return of income filed in form no. ITR-1.
You are being provided with an opportunity to make necessary corrections and file a return of income in the appropriate form so that income and taxes may be determined correctly in accordance with the Income-tax Act, 1961 duly disclosing the complete gross receipts/income reflecting in your form 26AS under the relevant schedules of the ITR. Please note that as per Rule 37BA of the Income-tax Rules, credit of TDS is allowable to the person in whose hands the income is assessable and in the year (AY) in which such income is assessable. Please note that if the defect is not addressed with-in the time allowed, your return of income will be treated as invalid.
Now I request you to guide me how to rectify my. IT return.
Thanks & Regards
M Vinaykumar

Dear Sirs : A nationalised bank , while doing loan proceedings is asking for UDIN on balance sheets and profit and loss account of an individual whose accounts are not audited as they do not come under audit compliances. Kindly suggest that can UDIN of such documents should be generated OR audit of books is mandatary for generating UDIN.. Regards

MY CLIENT HAS PAID PROPERTY TAX TILL FY 2018-19...NOW WHILE FILLING CHALLAN FOR FY2024-25 PREVIOUS YEAR DUES ARE NOT SHOWN...WHETHER FOR EACH YEAR SEPARATE CHALLAN IS TO BE FILLED?
AND SURPRISINGLY FOR FY 2018-19 ITSELF TAX PAYABLE IS SHOWN IN THE CHALLAN WHILE IT HAS ALREADY BEEN PAID..