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CHANDRAMOHAN
07 June 2022 at 17:31

Car running reimbursement

One of the salary component generally provided by company is car running reimbursement. Deduction to the extent of 180000 claimed by employee if they maintain the supportings.

It would be helpful if any one provide the basis on which 180000 comes to


harini subramanian

I am a final year student , I have received only 1st & 2nd semester original marksheet should I submit rest of the marksheet as provisional , can I elligible for direct entry registration . If I fail to upload the final semester marksheet within 6 months then the registration fee is refunded or not


kollipara sundaraiah
05 June 2022 at 22:32

Two Gift transactions allowed

Sir,
It assessee cash gift from brother rs:10 lacs after cash gift to son rs:10 lacs pay same date through on online mode dt:20-11-21.
2.another date :20-03-22 cash gift from brother rs:10 lacs after cash gift to daughter rs:10 lacs pay same date through on online mode.
Question:
Assessess above mentioned two gift receipt and payment transactions one financial year accepted in it act.


Suraj

Dear Sir / Madam,

The queries are regarding Turnover of Intraday transaction to be mentioned in ITR and condition for maintaining the books of accounts.
For example, consider following intraday shares transactions

Purchase value Sale value P/L
10,00,000 12,00,000 2,00,000
45,00,000 38,00,000 -7,00,000
16,00,000 19,00,000 3,00,000
---------------------------------------------------------------
71,00,000 69,00,000 -2,00,000

So here turnover for determining tax audit would be calculated as the sum total of absolute profits minus losses made on daily transactions i.e. 2,00,000+7,00,000+3,00,000=12,00,000.
And Total of Sales value is Rs. 69,00,000/-

So my questions are as follows:
1) In ITR3, while mentioning the turnover, which figure we need to mention as turnover? Rs. 12,00,000/- or Rs. 69,00,000/-
2) For condition of maintaining the Books of Accounts, sales/Turnover/gross receipt should be more than Rs. 25 lakhs.
So in this case, for this condition, what turnover we would consider to check this condition.

Kindly guide.
Regards
Suraj


SWAMY KARLAPUDI

Dear Sir,

I am trying to upload spice plus linked in forms in MCA portal. The following error coming while uploading. "Dsc is not attached for pan in form INC 09". I have entered all data correctly but the same error coming again and again. How to resolve it. Please help me.


Nitin George
05 June 2022 at 13:33

Section 44AD Benefits

Hi

Can we avail benefits under section 44AD if the principal business of the partnership is renting out machinery & equipment towards infrastructure and allied services. Also, when do we have to pay advance tax for a financial year under this section.


CA RAJESH KUSHWAHA

DSC is not attached for PAN in FORM INC-09,


CA Shubham Nanda
05 June 2022 at 11:10

ROC; Incorporation of Company

Hello all I have attached dsc and all signatures are showing valid still this error is coming up while uploading spice+ forms "DSC is not attached for PAN CDNPS5285D in FORM INC-09.".Can someone please help me out?


Jeeva

I filed a return with an higher income than I accrued and the same return was processed and have received a demand notice u/s 143. Now can I rectify the return to the originally earned income ( confirmed in form 26as).

If rectifying should I rectify it while submitting the json file or submit the old details and then rectify it later ?


shruti

Hello all I have attached dsc and all signatures are showing valid still this error is coming up while uploading spice+ forms "DSC is not attached for PAN in FORM INC-09.".Can someone please help me out?