By mistake TDS short deducted @ 1% in place of 2%. what is process to correct TDS return and modify Conso file.

Revised Challan for the amt deposited.

Sir, while filling Balance Sheet for one of my client in ITR 3, in which head following should be filled :
a) Capital in Partnerhsip Firm - Whether it is a Other Current Asset or investments or ?
b) Fixed deposits/NSC/KVP etc. - Whether Investments or ?
c) Household Effects/Assets - Fixed Assets or other Current Assets
d) Advances received for sale - ?????
e) Advances paid against purchases - ??????

sir,
is EL encashment while in service tax free for public sector employees. as per my understanding it is tax free for both central and state govt employees alone. is it correct sir pl clarify.

Dear Sir

My annual income is less then basic limit so i am not Filed ITR but i am saving Rs.60K to 70K from 2015 to each year In previous current years my annual income exceeded from Basic limit and I have ITR-1 I have deposit Cash in my SB account in SBI and post office so please suggest can i face from income tax department.
Rs.34200/- 2015-16 In Bank
Rs.39450/- 2016-17 in Bank
Rs. 54320/-2017-2018 In Bank
Rs.64110/- 2018-2019 In Bank
Rs.31100/-2019-2020 In Bank
RS.21100/- 2020-2021 In Bank
RS. 46400/- 2021-22 In Bank
Rs.50000/-2021-22 In POst office

which challan is used for pay penalty . please advicde. i was served notice u/s sec 271 (1)(b), (1)(c) , & (f)

Dear Sir,

We have two companies with name Globe Core Solutions and other ASMI HVAC. we have made the payment of salary through bank from globe core solutions, but we want to show the salary paid from ASMI HVAC. Kindly guide through the entry in both the books of acccounts.

Dear Sir / Madam,

My query is related to Long term capital gain on sale of property.

1) Mr A has purchased 2 adjacent flats in March 2021 in joint ownership with his wife. He combined two flats and made as one flat with one kitchen. The society issues two separate maintenance bills for each flat.

He has sold his 1 flat, which was in joint ownership with his Mother Mrs B, in
December 2021. Thus, he is eligible for claiming capital gain tax exemption u/s 54 as the 2 flats were purchased by him 1 year before this sale.

In old property, which was sold, The mother's name was added to take the benefit of lower interest housing loan which was given to woman borrower. But the housing loan repayment was made by Mr A only.

So my questions here are that:
1) Can we show 2 adjacent flats as one home purchased against sale of the property for Mr.A??

2) Can we consider share of Mrs B in flat as 5% only while calculating the capital gain, as she was joint owner for namesake??

3) or its okay if we show entire transaction in Mr. A's return only, without showing anything in the return of Mrs B, though her name was there in both the purchase & sale agreement of old property.


The same Mr A is selling his ancenstral property now and investing in another new house.
Can he claim capital gain tax exemption on this sale also, being a separate trasanction??

Kindly guide.

Thank & Regards,
Suraj

Deposit of TDS under code 92B , whether to show education cess separate or accumulate figure in TDS Challan while deposit TDS By challan No. 281.

From Apr 20-Sep20-Gross ITC-Rs1000 and Discount-Rs.100 i have shown in Table 4(A)=Rs.900 (1000-100)
From Oct 20-Mar 2021-Gross ITC-Rs.2000 and Discount-Rs.500 i have shown in Table 4(A)-2000 and Table 4(B)-Rs.500 (Reason being from oct 20 onwards System computed 3B depicted CDNR fig in such a way so i adopted such presentation like showing reversal under Table 4(B))

Now my query is in Annual return GSTR9 now how to present such data?

Method 1:- Table 6-Rs.2900 and under Table 7-Rs.500
Method 2:-Table 6-Rs.3000 and Table 7-Rs.600

We are Pvt Ltd company.
our director transferred some funds from company bank account to his personnel account and balance is not getting Tally with his expenses voucher. Debit balance still remains in to his account.
Can we adjust this balance with Cash expenses vouchers. if yes, which cash expenses we can book against this advance.