SIVARAMESH
29 June 2024 at 12:46

ITR Exemption Eligibility

hi
I loss my 1.25L INR new mobile by pick packet theft at patna. I registered a complaint in patna police station and have the FIR copy. can I eligible for tax exemption for this mobile amount in the head of property loss? if Possible, then let me know in which section.


Marimuthu

Dear Experts,
1 A company is remitting the settlement amount to the defendant as directed by Court.
2 How these expenses could be acccounted in the company's books of accounts?


pranab sarma
29 June 2024 at 12:42

Tax Audit for partnership firm

Does tax audit is mandatory for a partnership firm having turnover Rs. 1,14,00000/- (One crore fourteen lakhs) for the financial year 2023-24 or we can OPT presumptive taxation u/s 44AD


Please suggest, thank you


Mohit sachdeva
29 June 2024 at 11:10

GSTR 10 FINAL RETURN

CA certificate format for filing gstr 10 final return.and is it compulsory to file gstr 10


Rahul Rogha

Invoice Value is over 5 lakhs. But the goods are not being transported or moved and are sold to be kept where they are. Is an e-way bill required? If yes, then what about part-b details? The distance is 0 km.

Or will the e-way bill be generated with no details in part-b and the distance should be written as 1km.


Manali

What is the GST rate on construction of residential affordable housing in case where land is not owned by contractor.


Quant Cr
28 June 2024 at 20:08

Query regarding GST and IT

Hello Sir/ Ma'am,

I am a salaried employee and invest in stocks.My salary is 30 lacs.In FY 23-24 I have sold shares worth 80 lacs.14 lacs ltcg and 13 lacs stcg. Please advise an efficient way to reduce tax.ie opening llp/company etc.

Also do I need to register for GST in the above case?

Anticipating your reply!

Thanks in advances!


ABHI KUMAR
28 June 2024 at 19:41

REGARDING DEPRICIATION INCOME TAX

PURCHASE INVERTE BATTERY FOR OFFICE USE
AND ALSO PURCHASE AIR CONDITIONT FOR OFFICE USE
WHAT IS D RATE OF DEPRICIATION IN BOTH ITEM

THANKS IN ADVANCE


VAIBHAVI COMMUNICATIONS
28 June 2024 at 15:56

Defective u/s 139 (9)

Dear Sir
Today I filed my IT return successfully. But I received message for the department that my IT return is defective u/s 139 (9) of IT act. I filed IT return by choosing ITR1 Form. Please note I have income from under Sec 194C Rs.131000/- & TDS credited Rs.1310/-, as per 26AS.
Following are the message received from the department. You have filed your income-tax return in form ITR-1. As per TDS details in your Form 26AS, taxes have been deducted under sections 194IA/194IC/194M/194S/194C/194B/194BB/194BA, etc. of the Income-tax Act, 1961. These sections are reflected as (4IA/4IC/94M/94S/94C/94B/4BB/4BA) in Form 26AS. These sections imply heads of income for which form no. ITR-1 is not the appropriate form. Thus, the required schedules for reporting incomes pertaining to said TDS sections are not present in your return of income filed in form no. ITR-1.
You are being provided with an opportunity to make necessary corrections and file a return of income in the appropriate form so that income and taxes may be determined correctly in accordance with the Income-tax Act, 1961 duly disclosing the complete gross receipts/income reflecting in your form 26AS under the relevant schedules of the ITR. Please note that as per Rule 37BA of the Income-tax Rules, credit of TDS is allowable to the person in whose hands the income is assessable and in the year (AY) in which such income is assessable. Please note that if the defect is not addressed with-in the time allowed, your return of income will be treated as invalid.
Now I request you to guide me how to rectify my. IT return.
Thanks & Regards
M Vinaykumar


Nagaraj
06 August 2024 at 12:26

Section 44ADA read with 44AA

Hi Sir,
Gimbal operator is a film artist?

Film artist as per notification
Film Artist includes a producer, editor, actor, music director, dance director, art director, cameraman, singer, lyricist, story writer, screenplay, costume designer, or dialogue writer