Sir, My wife is under zero tax bracket(earns Rs.2.7 lakh per annum) and if she redeems equity mutual funds invested for more than a year and profits crossing 1 lakh, TDS of 10% is deducted. Query is as she is in Zero tax bracket, can she get the deducted TDS refunded on filing IT returns.

Dear Sir or Mam,
I have filed GSTR 1 for the month of March 2024 but it has some mistake in sales that I am amending in GSTR 1 of May month. All the sales value of March are getting amended through May GSTR 1 but the corresponding HSN details are not.
Should I file with taxable value and tax amount amendment only and amend the HSN details while filing annual return.

Hello everyone,

We have taken office premises on rent for 5 years.

In xbrl there is a note relating to - leases where consultant has mentioned as No

Is there any lease transaction - no ?

I have following queries
1. My understanding is that it should be yes but i am sure ?
2. Does this note is as per accounting standard on lease ??

I was in service in private company for ~8 years.
I resigned and was unemployed for 2 months.
That made me eligible to withdraw EPF/EPS. (My age < 45)

I used Form 10C and Form 19 to withdraw all the amount. I think one of the form was for EPF and other for EPS(?).

Is any of the amount that I withdrew taxable? Or is everything tax exempt?
There was no TDS deduction on withdrawal.

A case from the client :

We are a manufacturing company from Maharashtra specializing in fire extinguishers; we received an order from a client based in Tamil Nadu, with a consignee address in Pondicherry, Karnataka, and despite dispatching the order as per the client's provided address and receiving payment, our transport vehicle was fined ₹10,000 by the RTO for incorrect material ownership, even though both the buyer's and consignee's addresses were mentioned on the invoice.

In this case who should be liable Buyer or Seller ?

My Salary is Rs. 4.5 lakhs,
TDS: Nil,
PF Withdrawal Amt. 5,00,740/- ( Int : 70,280, Contribution: 4,30,460_in which equal amt of empolyer & employee included for the perid from 2019-2023 < 5yrs)
TDS deducted on PF withdrawal under 192A : 10%, i.e. Rs. 50,074/-
How can calculate liability of Tax for the AY 2024-25?
Plz help...thanks with regards

LIFT PURCHASE FOR SHOP AND INSTALL IN SHOP

CAN WE CLAIM DEPRICIATION.. OR
ALL PURCHASE VALUE OF LIFT ADD ON SHOP ASSET VALUE (FIXED ASSET)
CONFUSED.?

THANKS IN ADVANCE

Sir/Madam

I have one doubt that any person earned income from Dream 11 & My 11 Circle for playing cricket and Rummy then this income is taxable ??? under which head??

please provide link for tax provision.

Sir,
It assessess fees collection income rs:60 lacs f.y.22-23 tax audit itr filed.fees collection income rs:55 lacs f.y.23-24 .sec 44ada provision increased f.y.23-24
Question:
Assessess itr filed sec 44ada or 44ab provision applicable f.y.23-24

For want of registration u/s 12A society was forced to pay tax for the A.Y.2022-2023 & 2023-2024 and 12A registration was given for Rs.2024-2025. Whereas, as per circular no.6/2023, dt:24/05/2023 exemption could be claimed for A.Y.2022-23 onwards if form 10A is not yet submitted is it possible to submit again application for 12A Registration for the A.Y.2022-2023 & 2023-2024.