Assess sec 44ada I.t. return filer.cash loan to old debtor outstanding opening balance as per books Rs:3 lacs.
Dt:10-08-2019 cash loan received from old debtor Rs:1,90,000/- through on cash mode.
Question:
Assess above transactions sec 269ss applicable in I.t. act and penalty paid compulsory.

Dear All,

One person was supposed to pay me Rs.6L and while paying he deducted some Rs.50k in the name of TDS. So while proceeding for Income TAX, as I checked on TRACES/TDS website he has falsely mentioned Rs.12L in Total Amount Paid Credited, which is wrong & double amount what he actually paid.

So what steps I can & should take against such person legally? This is absolutely fraud thing, because he must have shown wrongful cash transaction in my name. But to prove that I have written emails/agreement of that time.

Thanks

I am a retired person of PSU sector and having pension from employer , want to know that is there any provision of Income Tax regarding leave encashment at the time of retirement is fully exempted from taxable income...just like Govt employees. u/s 10(10AA) is allowing maximum Rs. 3 lac in considering the least alternatives for other than Govt employees.
Kindly clarify it as soon as possible..
Ayan Kumar Dey
Kolkata

1.It is necessary to reconcile 2A and books itc monthly
2. if we take excess input than 2A on behalf of purchase bill , interest will be charged or not.
3. Annually itc in books is less than or matching with 2A But differs monthly .will interest charged considering monthly excess.

In AY 19-20, I had filed ITR return and Got refund for the same. This year, I am filing a Revised return for AY 19-20 ( Same year) and again getting a refund. What do I do?, What is the procedure?
Kindly guide.

Sir i am purchased a house 2011 and sale it on march 2020. i am a salaried employee. my question is i am not yet invested and not purchased a house property till today. with in this fy i am purchasing a new house property, how to file return or can i show and pay ltcgs. and which itr form is applicable.

HOW TO PAY TCS AS AFTER ENTERING PAYMENT CODE 6CR AND PROCEEDING FURTHER A MESSAGE IS DIPLAYED THAT INVALID NATURE OF PAYMENT WHAT TO DO?

Respected Sir,
After applying for cancellation of registration, i need to file all the returns which are pending till the effective date of cancellation. But while filing the GSTR -1 for the quarter i have filed nil GSTR though there is data in GSTR-3B. There is no option to file return for the next month as application for cancellation has been submitted and approved also.
Please help in this issue
Thanks & regards'
Navya

Dear Experts,
we had received goods return against sale from our party in august month and show our credit note in august month gst return. but now we comes to know that party generated sale invoice instead of debit note and filed their gst return as it reflect on our gstr2A. now how can we sort out this issue. eway bill also generated. b'cs amt above 50k.
please give your valuable suggestion.
i hope you understand my query. thanks in advance

Dear Experts,

Our is an FDI based Subsidiary Company. We want to start manufacturing facility in India. What formalities do we need to complete for this?

Thanks
AK