Gratuity and Superannuation trust which ITR form needs to be filed now. Earlier we used to file under ITR-7, now the form is completely modified not able to file ITR -7 form. Please advise at the earliest.
can we show less salary in ITR if no tds deducted
Respected Sir,
If a person has income from Tution fees, interest from FD, Butique, Salary income Rs.3000/-,so which iTR form he can file.
Is there any restriction on purchase of shares of private limited company in cash.
I am working for IT enabled services (Software Online) related company in India. our transactions are 100% export and 100% online service related. During the fill up of ITR 5, I am facing problem to fill the Schedule QD which is mandatory if Tax Audit is applicable.
Please let me know what figures to be filled in this schedule ?
without fill up the schedule, ITR is not validated.
A Commercial property purchased in 2008 by Husband Wife in joint name was sold in Feb-2022.
Husband already owns 1 Residential house, Wife already owns 2 Residential houses.
All Payments for Purchasing commercial property was made by wife, All sales consideration money was received by only wife.
Dear Friends kindly guide on questions :
1. Can Husband & Wife claim exemption of 54F ?
2. If sale money is received only by wife, is the Husband taxable ?
3. If property is sold in Feb-22 till when they can invest in purchase of residential property to
claim exemption?
Hello sir,
Our Business turnover is up to 1.20 crore in F.y. 2021-22 and cash receipt & payment is less than 5%. We are not doing Income tax audit and filing ITR3 form.
My query is Whether we can show Net profit Less than 6% .
When GST is collected under section 73(5) after much delay past due date , what does it imply ?
Can penalty be levied ? What is the most honest plea one can take after being paying GST section 73(5) ?
Thank you.
Respected Sir/Madamed
Is It Mandatory to pay Dividend on Fixed percentage Redeemable preference share by Private limited Company for F Y 2021-2022?
xyz PVT. LTD. Company had not paid any dividend to its equity sahre holders during year f y 2021-2022, Company is in profit with appropirate reserves and surplus
As Per Companies Act 2013 with latest amendment applicable to Private Limited Company for F Y 2021-2022
Thanking You
RSU is vested and company deducted 30% of total RSU gain amount & deducted no of shares ( shares to cover by selling few shares for tax) and reported the same in income tax But I have not sold remained RSU which are left. E.g. if I received 100 vested shares and 30 shares sold to cover for tax for 30% then remaining 70 shares I have not sold before 31 mar 2022. Now after 2 years if I sell reminaing 70 shares then it will come under long term capital gain 20% as company is listed in NYSE america. So as I have not sold my shares before 31st march but my company treated as 30% by considering SG so can I get back this money and then inform when I sell it ? how does it work if RSU not sold by employee for which 30% tax is deducted by considering SG but if employee sells after 2 years then it is loss right. How to take care of this ?
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)
Gratuity and Superannuation Trust ITR Filing