Dear Sir/Madam,

Kindly confirm my doubt regarding the last due date to file the FORM 10A u/s12AA of Income Tax Act 1961. Is it 31st March 2022?
For Renewal as well as for registration?

We have one regular export customer who has good amount of business with us. He placed the order and paid 100% advance also but subsequently he cancelled the order and asked for the refunds. However erroneously that advance got adjusted against the old invoices and all the SHBs were closed against this advance. Of course we had some unapplied payments pending at our end which should have been applied against the old invoices but instead of that advance got adjusted. Now when we asked bank to refund the excess amount bank is asking that the BRC is in the used status and hence we need to get the confirmation from the DGFT that we have not claimed any export benefits and since DGFT site is down we are not able to make the BRCs in the available status and bank is refusing to refund..
So our question is whether there is any rule under any of the acts that the advance has to be refunded as is or can bank rectify the application on our request and open the advance again and refund it to the customer. This issue is pending with bank since last 2 months and it is a dead lock and DGFT site is down we are not able to get the BRCs available. We have not taken any MEIS benefit on the same

If an employee gets pay anomaly arrears of 632000 in September 2021 and instantly in that amount 222000 TDS deduction from office.Is it justified ? Is it possible to save that money with savings. And get back with return file.
The employee would have got these arrears in monthly pay if anomaly would have been released .

Dear All,

I want to know about intra day share trading i.e. speculation business income or loss.

1) How to show speculation business income or loss in ITR?
2) There are two options. Whether regular books of account are maintained or not? Now all reports are available in computerised form. Which option to select?
3) How to calculate Turnover for speculation ?

Kindly guide.

Regards,
Suraj

Is NRI can become share holder of Indian private company,If yes means what kind of documents and complainces they should provide to ROC

I after verification submitted my return without paying income tax.

What is the solution.

Regards,

Dear Experts

I was the nominee of PPF account of my maternal uncle (Mother's real Brother) who was a bachelor. I received a sum of 55 lac after his death last month. I have 2 queries in that regard, need your advise please.

1. Tax liability on me on the amount received.
2. If I transfer the amount to my mother's account ( I believe she is a default legal heir), Tax liability on her.

Kindly help.

Thanks !!
Iyer

Sir,
A gst registered composite scheme pharmacy store business dealer purchase of medicines different tax rates (12 or 18 or 5 percent) goods.but sales of medicines value applicable on normal rate or MRP rate in gst act.

My son has only interest income on his NRO account from which TDS has been deducted. No other income in INDIA. He is settled abroad and paying income tax over there.

NRO Interest income is only about Rs. 5000/-

NRE interest income is tax free about Rs 3000/-
Can I file return on his behalf as he has given me PW to do the same.
which ITR No. to file.
Showing in return that I have filed on his behalf
or teach him new portal.
thanks in advance

He is not able to understand complex new portal.

WE HAVE TRANSPORT COMPANY AND FILLING DIESEL IN OWN TRUCK MY TURNOVER IS EXCEES 10 CR AND ALSO FILLING DIESEL IN YEAR ABOVE 50 LAKH I AM NOT PURCHASE OR SALE DIESEL WE DEBIT IN DIESEL EXPENSES PLEASE TELL ME I AM LIABLE TO DEDUCT TDS UNDER SECTION 206 OR ELSE