is it correct to pay RCM Liability of IGST in CGST and SGST???

Sir one of my client sold vda for Rs 14715(crypto capita gain) basically she's salaried person
where need to show crypto gain in ITR?

Hi Team,
I would like to know how dividend income is considered for taxation.
If I receive dividend in bank Account between 1st April -31st March in a year is it considered for taxation or when the dividend is declared by companies for that Year FY 23-24 but received in bank account in FY 24-25

As I have received dividend income in FY 24-25 but it is there in TIS for FY 23-24.Can you please help?

Also if you tax filling is incorrect for e.g if you were supposed to 100 but due to incorrect calculation pay 98 .Then how is penalty or fine been charged for the difference?

Thanks,
Dipti Mallya

I have entered all the details in the tax portal on the basis of old regime. Details are checked and is almost final though not submitted for filing. I realized that the tax to be paid in new regime is less. Can I switch to new regime
in the option that is provided when you resume filing and proceed further to the schedules, without the entered data being cleared (except may be the deductions under Chapter VI)?

How does one deal with the shares of companies under liquidation appearing in DP account? Am unable to close the Trading account in view of such shares appearing in the DP.
Have been advised to transfer it to some other account but that is not a solution and just shifting of problem.

Request advice!

DEAR SIR,

RECEIPTS FROM VIRTUAL DIGITAL ASSETS U/S 194S IS BUSINESS INCOME OR OTHER SOURCE OF INCOME BECAUSE MY CLIENT IS DOING CONTRACTOR ONLY RS 9478/- SHOWING IN 26AS AS WELL AS IN AIS REPORT WHEATHER IT SHOULD BE CONSIDER BUSINESS RECEIPT OR NOT NOW MY CLIENT IS STOP TO DOING THIS.

REGARDS

THANK YOU

Hi Sir/Ma’am,

In the AIS, instead of showing as Purchase for a property transaction, it is showing as Sale of property. The purchase was done in last financial year and I need to file the ITR. What should be done in this case?

Thank you

My client is a builder and signed a joint agreement with a landlord to build a commercial building over a particular land. A total of 10 shops were constructed, out of which the landlord gets 6 shops and the builder gets 4 shops to sell. The registry/sale deed will be in the name of the landlord and the buyer. So my client sold all 4 shops for Rs. 1,11,34,000 which he received in the bank. All of this was done in FY 23-24. Now he came to me to file his Income tax return.
Now, please let me know how to file his income tax return (under which head), also was there any GST liability on the builder(my client)?

Company had capitalised some Assets in past years & claimed depreciation on the same. However, during physical verification of fixed asset in subsequent year, it was found that the assets have never entered to premises of the company. The purchase manager has fraudulently produced invoices, took the delivery of the assets & absconded. The company is now writing off those assets in the books. What will be the treatment of this fraud in the depreciation as per Income Tax Act? Whether the company can claim depreciation as the cost of those assets is a part of the WDV.

FY 2023-24...csr expenditure was required to be incurred but not incurred...then what is the remedy to this? Is there any provision that if expenditure can not be incurred then transfer the amount to any fund specified in schedule VII of companies act 2013?
Is there any such provision that CSR activities can be done through direct expenditure on CSR activities or transfer to fund specified but after completion of financial year only fund transfer can be made?