For a new business whether it is mandatory to opt Sec 44AD ?

say in first year it have loss, whether it want to pay tax @6% or 8% ?

Dear sir

I am a retired housewife. I get monthly annuity pension from LIC (i had taken Jeevan Shree policy about 25 years back) . I also get monthly pension from EPFO office. Total pension is about Rs. 90000 per annum. In which schedule i fill it up in ITR2. If i fill in Salary schedule it automatically gives standard deduction of Rs 50000/-.

Does this pension applicable for standard deduction.

Moreover i have also received About 15 lacs on maturity of another LIC policy. Which is tax free.
Do i need to show it in ITR (Which schedule).

Thanks and best regards to all experts for helping us in old age.

Sir/Madam

I have not able to download AIS & TIS online for my verification. What should i do??
I have dealing in share trading & MF and i have to prepare my tax computation.

Please suggest best possible way

While Filling ITR 2 for AY 2022-2023, in Income From Other Sources schedule, there is section to be filled for Income Taxed at Special Rates. This section includes the field "Accumulated balance of recognized provident fund taxable u/s 111".

What is this section about, who is it for and how to fill this section. It would be very helpful if the same could be demonstrated by taking an example.

Thanks in advance

When I view my Form 26as, I see some amount credited. I have not received the amount in any Bank account. How can I verify if it is a wrong entry? If done deliberately by someone how to verify in which account the amount has been credited using my PAN number?

After adjusting TDS receivable from my total tax liability and further payment of Self Assessment Tax there is no further tax liability for particular financial year. The IT Return is assessed u/s 143(1).
Now can i transfer the Tds receivable and Self assessment tax to Capital A/c by passing journal entries as below

Capital A/c
To Tds Receivable
To Self Assessment Tax

Or transfer the same the to expense account

Note: Status of Return filer is Individual

Hi experts,
Please read below and provide your insights
I worked for a Japan Company from India before I moved to Japan I received salary for 7 months in India (which they transferred from Japan after deducting tax at Japanese rates @10%) . For A.y 2022-23 my tax status is Resident of India.
wanted to know below
1. Is salary received in India for those 7 months taxable in India or not considering I've already paid tax at source in Japan
2. If it is taxable what is the DTAA benefits I can avail and any tax reliefs I can get ?

Thanks in advance

Dear experts
What is the due date of filing return s for
a) 12A registered trust
B) unregistered trust, club and association

Dear Experts,
i want to know about the gst complinces for security and manpower services provide in case of company or other than company.
1. What is the GST rate for body corporate or other than body corporate?
2. What is HSN Code For Security and manpower services?
3. Tax invoice invoice format for security and manpower service provider?
4. Reverse charges mechanism and forward charges mechanism under gst for security manpower services under body corporate or other than body corporate?
5. who will deposited the tax like: suppllier or recipient in both case body corporate or other than body corporate?
6. which return and form filling monthly tax complience will follow by security services provider?
7. What is the time limit for payment and received under gst for security services provider body corporate or other than body corporate?
8. what is TDS obligation for security services provider in case of body corporate and other than body corporate ? and also tds threashold limit and tds rate?
9. please explain with me any one example which is covered my all question and also me any pdf file?
Thanks & Regards

I had recently filed ITR for AY22-23 with a total Tax due of around INR 20K by clicking on "Pay later". In fact, I was not factually aware that this may lead to default in return, and wanted to recheck the due amount before payment. This due Tax amount of INR 20K was then later paid by me a day later after filing of ITR. The challan has still not got updated in the income tax e-portal, as of now (about 7 days post filing return)

My questions are:-

1) Will the challan details get updated in the income tax portal against my PAN and generally how long does it take for this to happen.

2) Is there any procedure to update my challan post ITR filing.

2) Do I need to file revised return or it is not needed. There is no mistake in ITR, only it was filed with due Tax amount, which has been paid a day after filing return.

Thanks indeed for all your help,