Hi Sir,

I am Santosh Kumar Sahoo(Cost Accountant), I have one query regarding Income Tax, Whether Tax Audit is applicable to partnership firm, Which having loss in current FY, Total Turnover Rs 34 Lakh and Expenditure of Rs 50 Lakh, Also in 2021-22 such firm has been started.

Dealer is issuing us normal invoice along with eway bill although his turnover in last preceding years was above 20 crores. Will we be affected due to non compliance by the dealer for not issuing einvoice to us. Please clarify?

Sir, I want to file updated ITR for the FY 2020-2021.
Sir My Net taxable Income is 498556/-
Sir ITR 4 form is showing Late fee of 5000/-

Sir By just paying late fee of 5000/- Can I will allowed to file the Updated ITR or whether additional tax liability I have to pay

2ndly Sir, My Taxable Income is below 5,00,000/- whether I will be allowed to file updated ITR

Assessee has two source of income i.e. (i) Pension and (ii) interest on savings bank account. His pension is exempt u/s 10(18) and thus only an amount of Rs. 25420/- as SB interest reside as taxable income.
Now my question is do he has to file his income tax return ?
If yes, then is it ITR-1 ?
His pension amount is auto populated in IT return from AIS. if I put this auto populated amount as "0" (Zero) in salary part then an warning comes as " Salary income entered is less than salary details provided by the employer. Please re-verify" . What to do in this case ?
Are there any other procedure which have to follow in filing return ?

Please suggest and many many thanks in advance !

Sir /Mam,

If any one TDS payment completed before due date , but returns not filed for total Fy 2021-22(Q1 to Q4)

4 Quarters TDS Return now they want to file,

What is the procedure and how much penalty they attract,

Plz advise

Thanking you,

Greetings !!

My turnover is less than 20 lakhs and have a gst registration .. how do i claim itc ??

regards

Dear Respected members,

At the moment we paid the owner his portion of the capital amount through cheque and also paid a portion of the company profit through cheque.

Could you please tell us the entry in the tally prime as I am not able to find the ledger of the P& L account?

Dear Sirs,
If a person registered under gst and let out residential property is it a must to rise Gst invoice
to tenants if the Tenant is registered under gst. If not registered under Gst act who have to pay
GST. Kindly clarify me Sir. Thanks in Advance.

Regards,
K.B .Nagesha rao

Sir/madam,
One of my friend have the income from salary & his relative remitted , Rs.80000/- amount in his bank account from abroad , this is showing in AIS report as remitted 13125/- under LRS (u/s 206C(1G(a))), it taxable or not? which ITR he can choose for filing.

Thank you.

Sir,
Latest notification taxable goods covered rice and food grains for rice goods selling business dealer in gst act