Hi, Can CA as paid assistant in CA firm subject to TDS 192 or 194J? also whether can he take COP in his name as he is currently employed with that CA Firm as paid assistant and start his own practice?

We showed audit fees payable RS4000/ AS ON 31/3/2022 BUT MY AUDITOR BILLED RS6000/ IN September 2022 AND WE PAID RS 6000/ TO THEM. THEY ALSO CHARGED RS1500/ AS INCOME TAX RETURN FILING. HOW WILL WE SHOW DIFFERENCE OF RS2000/ IN AUDIT FEES IN OUR BOOKS OF ACCOUNTS? HOW WILL WE SHOW RS1500/ GIVEN ON ACCOUNT OF INCOME TAX RETURN FILING? PLEASE GIVE THE ENTERIES REQUIRED TO BE MADE IN BOOKS OF ACCOUNTS?

A debtor of my company did not pay me the dues so i issued a credit note to him to get GST refund. Now the question is as i have cash credit account in banks and is to provide stock sheet monthly basis to bank and the debtor did not return me the goods what entry i have to pass?

Sir,

Can We quite ITR-4 to ITR-1 because no business income. income only from Salary. in FY 2020-21 Filed ITR-1 income from Salary+Other in interest from FDR+ tuition fees In FY 2021-22 Filed ITR-4 income from Boutique + Other in interest from FDR+ tuition fees So please guide to us Can we face any problem in future from IT department.

Respected Experts,

Can we prepare P&L, BS for Filing IT U/s 44AD of Income Tax Act 1961.

Im aware that there is no provisions for expenses and Depreciation in ITR4

Still drafting a P&L & BS is necessary?

I saw many of the CA's and Tax Consultants, are just providing Computation sheet for 44AD

Whereas it is not acceptable in the Banker's end - while the client submitting documents for Loan purpose, and the Banker asking to provide BS& PL.

Kindly advise

Mr A and Mrs are husband and wife.
Mr A gifted shares to Mrs A worth Rs 50,000 in 2010-11
Expecting the shares to be sold in current financial year, Mr A and Mrs purchased a house property (joint ownership between Mr A and Mrs A) for Rs 5 Lakhs in March 2022. Mr A provided Rs 2 Lakhs From his personal funds and Rs 3 Lakhs through joint home loan.
Mrs A sold the shares in June 2022 for Rs 5 Lakhs which is also the long-term capital gain for her. The sale consideration from shares was credited in her account and the home loan was disposed off.
Income from sale of shares is to be shown in the ITR of Mr A after application of clubbing provisions of section 64(1)(iv)
Mr A and Mrs A want to opt for co-ownership in proportion to their investment and also claim 54F for both Mr A (transferor) and Mrs A (transferee) investment. i.e., Mr A wants to claim exemption under section 54 F for investment done by both Mr A and Mrs A, in purchase of joint property, (Mr A provided Rs 2 Lakhs from his personal funds and Rs 3 Lakhs through joint home loan which was disposed from sale consideration of shares), the money was credited in bank account of Mrs A and loan was disposed through check.
Query - Whether or not eligibility claim of Section 54 F will be accepted by the Income Tax department regarding joint investment / joint ownership of residential house with both Mr A (transferor) and Mrs A (transferee) eligible to claim section 54F on sale of shares.
Please support with relevant case laws, if any.

Kindly guide whether gstr 10 filing mandatory if turnover less than 20 lakh in 2019 and 2020 .we have filed return with nil value in 2019 and 2020 surrender the number in 2020 and cancellation duly approved by proper officer but when i am check final return the late fees is coming with Rs 1000/-under amnesty scheme filed before 30.06.2023.kindly guide gstr 10 is applicable in our case or not.

We sold goods by issue of eway bill below purchase rate by mistake. How will we rectify the rate difference as goods already dispatched by eway bill! Pl clarify the process?

I used to have sole proprietorship business in my name till FY 2016-17 which i transferred in the name of my wife( she files ITR 4) in FY 2017-18 but the person who used to file my return continues to file ITR 4 though i have only salary and dividend income....,now i want to rectify it ..,,can i directly file ITR 1 in AY 2023-24. Will i receive any kind of notice for that..,,my income shown below 4.5 lakhs ..PLZ HELP ME

Sir
Every year bank deducted TDS , even after submission of form 15H . If it is complained to the Branch Manager , his straight reply " File IT return , you will get refund ". Where Can I complain for wrong deduction of TDS ? Every year I have to pay Rs. 500 /- for submission of IT Return.
With regards ,
Sudhir Saha