Hello Expert,

We have claimed excess ITC of Rs. 62K while filing Trans-1 but at the time of audit of Trans-1 by department, they have identified and suggest to reverse. We have reversed this ITC before issuing SCN. At the time of reversal of ITC we have excess balance in our ECL hence we not paid interest. Now department is asking penalty of 100% of Tax vide issuing DRC-07, which we have already reversed before SCN.
How to reply this DRC-07 or close this matter ??

Will the Gains from Crypto currency and shares be taxable to Schedule Tribe residing in VI schedule area if the shares and Crpto currency were purchased from a mobile device ????

Hi Experts,

Can a company director holding 49% shares of a company be a proprietor of another company distinctly?

when upload the file after view will click upload the file could not upload and error mesage come


Error while submitting return.|Account determination not possible for key MSTD - -C1 -R000 -A17D, posting area Invoicing: Account Assignments for Genera(2610)|--> Error during processing of source document INVBI 5090085593|--> Reporting invoicing function: Invoicing of Billing Documents|Unable to process invoicing unit for contract account 27261639978|*** Documents to be processed in invoicing unit:|***** Source document category-source document number INVBI -5090085593|*******|Errors occurred when posting invoicing documents for form bundle 92968063

Sebi Tax on sale of shares.
is expenses for seller or any other nature.

Whether an assessment can be reopened or given a notice u/s 148 for the AY 2016-17 for each credits held in bank account less than 50 lakhs in Financial Year 2015-16?

My supplier over priced gst invoice by 50p per metre. What will he write in the credit note and how will i make entry in my books of accounts?

Hi, I have paid booking amount on 5th Jan 2023 plus for remaining amount I am going for loan. My agreement is done on 24th April 2023. In my case can I put 1. Date of Agreement /booking 2. Date of payment /credit made to seller 3. Date of deduction as "24th April 2023"while filling form 26qb.

Please help.

When I am registering TAN in efiling portal its shows error under Pan of Organisation
"Please enter correct PAN of Organization for given TAN."

We entered correct pan no. But it shows this error. please suggest me

Can anyone please guide me on how much TDS will be deducted from Salary if annual salary is 6, 00,000 and opting for new regime.

If upto 7.5lacs don't need to pay tax. I had been told upto 3lacs it will be nil and 3-6lacs, I.e on 3,00,000, 5% is applicable. Is it true?

Will my TDS will be deducted nd later while filing I will get the Rebate? Or is it possible to Not deduct any TDS?