We are in the business of shipping where we acquire old barges and sublet to other companies on rent. Further, repairing and maintenance of barges are borne by us (in which we use iron bars, pipe tubes, aluminum, other metals, LED lights, etc. Such expenses are nearly 10% of the total rents we received.) Can we claim ITC on the items used for repairing of the barges?

Sir,

Please clarify for filling of i.tax return.

SFT- 003: Cash deposit or withdrawals in current account -more than 40 lacs in fy 2020-21

Need to show taxable income while preparing tax return??

I have error while filling TDS return with RPU 3.8

Line No-3.
Record Type-Challan.
Statement Type-Regular.
Field Name-Total of Deposit Amount as per Challan/Transfer Voucher Number.
Challan Details Record Number-1.
Deductee/ Salary Detail No-NA
Error Code & Description-T-FV-3169 Sum of TDS/TCS-Interest Amount + TDS/TCS-Others(amount) + Fee Amount + Total Tax Deposit Amount as per deductee annexure is greater than Total of Deposit Amount as per 'Challan' / 'Transfer Voucher.

Suppose we have a bill of rs 90000/- from x ltd co . and we are making the payment to him in the installment of Rs 9000 each on different date , can we do so . or there is disallowed under income ta xact .

Respected Sir/ Madam,
While registering DSC of an individual in E-filing portal "Token user pin has to be changed" is displayed and we are not able to register the DSC. We request you to suggest a solution as soon as possible.

Hi,

I want to register an application under Copyright Act which contains courses by our speakers. Can any one please tell me that what is the procedure and how much time it will take to get it register?
Further, kindly let me know about the fee, does it falls under this category?

For an application for registration or copyright in a:
(a)Literary, Dramatic, Musical or Artistic work Rs. 500/- per work

In his 26AS foll. Transaction found - SFT-011 Purchase of Foreign Currency He is taken an education loan for his son for study abroad??
His total taxable income is below Rs.500000/- and no any tax is payable. How to shown the above transaction in ITR 4 form??

Request to all, let me clarify on a priority basis.

Thanks in advance Regards,

Read more at: https://www.caclubindia.com/experts/how-to-shown-in-itr-4-for-sft-011-pur-of-forgn-curr-in-26as-2812034.asp

Dear Sir,

One of my client has received arrears salary in A.Y. 2021-22 for which he was required to file Form 10E to claim rebate U/s 89.

But by mistake he filed the Form 10E taking Assessment year as A.Y. 2020-21. No rebate was taken in A.Y. 2020-21 while filing ITR.

Can he now file another Form 10E taking the correct Assessment Year and claim rebate while filing ITR for A.Y. 2021-22 and what will happen to the 10E form filed incorrectly.

Please help me in this matter.

Regards,
Divyesh Jain

Dear Experts


Actually in 19-20 FY i missed some TDS input to claim so is it possible to claim present year please let me know what is the procedure to claim old tds amount in 26

We purchased from a party in year 2020-2021 and they collected tcs from us as our purchase was more then 50 lakhs. Now in year 2021-22 they are telling me to deduct tds on payments. Will my seller have to collect Tcs and I have to deduct tds both at a time. Please clarify?