we are paying dividend to a Mutual fund and they are comes under 10(23D)
my Question is whether we need ti deduct TDS on dividend

Assessee has Presumptive Income u/s 44AD from F & O Business Rs.1,96,406/- Turnover is Rs.30,83,386/- . So percentage of profit comes to 6.37 which is higher than 6%
He also has incurred expenses for Photography Business Rs.2,87,693/-. In this business there is no income only expenses of Rs.2,87,693/-
MY question is
whether loss in photography business can be set off against profit of F & O activity and remaining loss Rs.91,287/- be c/f to next year
Also whether tax audit u/s 44AB is compulsory ?
after verification of return Income Tax portal fives following message
You have claimed income less than 8% of gross turnover and audit information is not filled up
kindly fill up the audit information since You have claimed income less than 8% of gross turnover

Hi All
Where to show credit note for b2c large (within Maharashtra ) in GSTR-1?

While under taking renovation of society the committee has suggested contribution from each flat to be collected based on Super / built up area. Is this the right approach when all other contribution like sinking fund, building repairs , property taxes of BMC etc. are done on carpet area which is mentioned in the agreement. Your views on opinion on this.

Dear All,

My query is as follows:
Mr A purchased a bungalow at one of tourist places in November 2020. From December 2020 onwards, He started his business of giving this bungalow on rent to tourists. Before that he incurred some revenue expenditure like repairs & maintenance, painting, changing toiletries etc on this property. For the year ended 31/03/2021, he has incurred business loss.

I have some confusion:
1) As he has incurred loss in his business, is tax audit applicable? or only revenue, 5% cash payment-receipt criteria is considered for applicability of tax audit?
2) Is section 44AD is applicable as he has loss during FY 2020-21? whether he has to show minimum 8% profit?
3) If Section 44AD & 44AB are not applicable then he can carry forward his loss.... right?

I hope I have clearly plotted my confusion. Kindly guide me.

Thanks & Regards,
Suraj

Dear Expert,
I showed one sale invoice of october and due to some mistake I amend it in November and I knew at a later stage that I made a mistake in amendment and now I want to Amend the same invoice second time then portal says already amended in previous tax period.
Plz how to rectify this mistake and how the correct details will reflect in party GSTR-2A.

MSMED Act says maximum credit of 45 days. buyer is to make MSME Supplier within appointed day and same shall not exceed 45 days.
does this rule applies to all Micro, small & Medium enterprises or is Medium enterprises is left out of this preview. Is there any notification or Law shedding light specifically on this

Member of my family is salary earner for the period F.A 2020-21
During the period extra part time work was done & receive income in the form Buss .Commission nearly 55 thousand under sec 194 H ----TDS deducted on their commission.
Person also have income on their investment --shares . Capital Gain.
My question which form has to select for Income tax return for A .Y 2021-22

Dear Friends, I would like to know when the HSN No.85444290 was added into Customs Tariff. I have verified finance bill for the years 2019, 2020 & 2021 and could not able to find. Prior to 2019 this HSN was not there. Can any one help me on this. Also advise me is there any other sources, other than finance bill / DGFT notification to find out the changes / additions in HSN Thanks in advance

Read more at: https://www.caclubindia.com/experts/hsn-clarification-2852639.asp

What is GST Rate in the case of Government Electric Contract or Sub Contract ?
Work Description : Providing & Fixing High Mast .
Please reply.