Mahesh S M

Can I reclaim permanently reversed ITC in 3B?


Badsha Rahaman
20 June 2024 at 18:15

Naam update

mera orginal pan card mai naam hai sk yearof badsha lakin ITD main automaticlly update ho gaya shekh yearof badsha mere digi locker mai sk yearof badsha hain or e pan mai v sk yearof badsha hain mai reprint ka apply kiya toh bol raha income tax department main shekh yearof badsha update hai mera baki sb id mai sk yearof badsha likha agar main naam change kar k shekh update karunga toh baki sab id main v update krna padega ? ya sk or shekh same hai ?


Subhash Jain
20 June 2024 at 17:25

Taxability under JDA

Hello,

My client of Land Owner.

Under JDA, if land owner received refundable lumpsum security deposit from land developer, which is to returned back to land developer upon possession of the constructed premises (his share), then what would be sale consideration in the hands of land owner and at what time.

For eg. land owner gets 1 crore at the time time of handing over the premises/land to land developer, and it is agreed upon that, out of 1 crore, 50 lacs to be returned back to land developer upon completion of structure and 50 Lacs to be returned back upon possession of his 60% share in the property.

So how and when capital gains is to calculated from the perspective of LAND OWNER.

Thanks in Advance.


Mahboob Alam
20 June 2024 at 17:07

TDS Demand against non Operative PAN

I filled TDS return on 10th June, in which 2 employees' PAN was not operative and therefore received demand for 20% tax deduction...
If i linked both employee's PAN & Adhar and after that file revised return then it will reduced the demand? or I must have to pay the demand.
Is there any alternate solution without paying demand. kindly answer


NARENDRA KUMAR VERMA

How to best handle after receiving 143(2) in case of excess deductions claimed to avoid penalty. Please let me know. Thanks.

Do I need to submit an affidavit accepting the error..


CA Snehal Pratik Doshi

Dear All,
I have a query regarding applicability of tax audit in case of LLP.
1.Turnover is 57 lacs
2.Loss is 52 lacs
whether tax audit will be applicable or not in case of loss making LLP?
Thanks


SANDEEEP SINGH

Can someone suggest how to correct spelling mistake in ROC for newly incorporated company.
Like Reality to Realty. Is there any Form to be filed.


CMA Sagar Das

Please tell me whether TCS is to be charged or not on sale of dolachar


B. vignesh
20 June 2024 at 14:56

Fund of Fund Investment audit

Please any one clarify that as per US GAAP we have to disclose the investments details if the value of the investment is 5% more than net worth or partners capital in the financial statement. My doubt is In case the organization is investment company or firm engaged in fund of fund, whether it is enough to show the fund in which such company have invested and the value is more than 5% of the net worth or partners capital or is it necessary to show the investment in which fund that we have invested, if it's so how to calculate the 5%,


Ayan

Can anybody suggest how to rectify the wrong rate of depreciation changed by mistake under the Companies Act in the previous year? To be more specific company follows the WDV method and they have changed the remaining useful life of assets from 3 years to 10 years now this year what impact will this have on the balance sheet and ITR

Please suggest which schedule of adjustment should be reported in the ITR