CAN WE CLAIM SPECIAL ALLOWANCE GIVEN IN SALARY SLIP OF EMPLOYEE WHILE FILING ITR THOUGH NOT TAKEN BY EMPLOYER IN FORM 16.

At the time of entering into Supply Contract Agreement,the Vendor is not MSME Udyog Registered..In between the Vendor gets himself registered without informing the Buyer (NO CHANGE IN TAX INVICE FORMAT BEING ISSUED)and keep supplying the goods as per the Old Existing Running Contract. Now,a dispute arose regarding delayed payment due to defective goods supplied...Can the.. MSMEFC has the jurisdiction to register the Vendor' Application Case...and issue Notice to the Buyer

I am a 63 year old person. I am retired from MSEB. I have transferred Rs 20 lacs to my 33 years old son. He has invested it in Fixed Deposit. What will be the income tax implication for me?

Dear Experts,

For Commission Income ITR 3 is to be filled. Now in this case do we need to fill entire balance sheet and profit and loss if Gross Receipt is 4,40,000 /- (approx) and net profit after expenses is 2,35,000/- (approx)?

If books of accounts are not to be maitained can we fill only limited figures under books not to be maintained for balance sheet and P&L?

Please advice

Regards,

Hai myself Rajesh
I am working in 2 colleges as a lecturer under contract basis. The college authority deducted tds under section 194c and 194JB. My total receipts Rs.434380/-( all are bank receipts) for fy 2023-2024 ( Total TDS deducted Rs.10650/-).Will i file in ITR 4? Can i show in presumptive taxataion scheme 44AD by showing 6% profits. What is the business or professional code for my income. (code no.) can i get TDS refunded?

It is humbe request to guide me in detail. I am waiting for your valuable reply.

Sir,

Can a Proprietor, who is constructing a commercial building on his own land claim ITC on the purchase of construction materials like steel, electrical goods etc through his proprietary business by giving his GST No. for those purchases ?

Pls. advice.

To
The Experts
Our Company being a 100% State Govt owned Company comes under RTI Act.
One person seek some information under RTI Act. But we know he will use such information not his own purpose but for some other ulterior motive which may be harmful to the regular business of the company.
So can we abstain ourselves to supply the information he applied for?
Does RTI act permit us?
If we refuse to give any information is there any penal action under RTI Act?
Regards
Abhijit

ITD UTILITY NOT CONSIDERED REBATE ON SPECIAL RATE OF INCOME (111A SHORT TERM CAPITAL GAIN) SO AT THE TIME OF FILLING WHAT WE DO WE CONSIDERED ITD UTILITY AND PAID TAX WITHOUT TAKING THE BENEFIT OF REBATE

Hi Everyone,

In February 2024, I sold my property and used the proceeds to repay a loan taken by my company (CC limit), my company is Pvt Ltd. Given this specific scenario, I would like to understand if there are any deductions or exemptions available that could be applied to the capital gains arising from this sale.

Is it necessary that NPS contribution by employer need to be mention in offer letter or appraisal letter? or can this be by way of allocation of special allowance agreed between employer and employee time to time.