Dear Sir,

One of my client is having an aggregate Turnover of below Rs. 20 lacs during the year but all his transactions are inter-state. My query is do he require to obtain GST registration in such case.

Please help in this matter.

Regards,
Divyesh Jain

WHAT IS THE APPLICABLE DEPRECIATION RATE ON SMART BOARD FOR STAFF MEETINGS?

Sir/Madam

I have queries for tds to be deduct on provision of Prof. Fees, Legal Fees made on monthly basis-

> if original bill yet not received then tds to be deduct or not?
> If original bill to be received in next financial year then tds to be deduct or not??

thanks in advance

Please guide if I have to file Income Tax Form 71 in a case where income is recorded in FY 2021-22
and TDS deducted on above income appears in 26AS of FY 2022-23 till when can Form 71 be filed
Thanks in advance.

I have defaulted in paying balance amount of advance tax by 15th. March, 2024. I want to pay the balance amount by 31 March, 2024 alongwith interest @ 1% u/s. 234C. My queries :
Which Challan No. shall I choose for payment ?
Which head of tax shall I select now, Advance Tax or Self Assessment Tax ?
Shall I select the Interest box for Interest payment ?

Best regards

Respected Sir,
I need suggestion in the below mentioned situation,
For example, Mr. A has sold Plot in Jan 2024 with Profit of 457,721.00 and he wants to reinvest the sold amount and paid Advance to the Seller for purchase of another Plot. But, due to unavoidable circumstances he failed to register Plot in his name within March 2024 (i.e FY 2023-24). Now what could be tax implication on this. Can he claim Exemption u/s 54F on the basis of Advance Payment. Kindly guide me in this.
Thanks & Regards.

We have received a notice on Reversal of ITC on Exempted Sales Rule Under 42 & 43. Regarding this we are unaware of it and when we gone through Rule 42 & 43 we are in Confusing. Please explain in briefly and the calculation and any calculation excel sheet can be provided.

can the experts guide me on how can i raise query/griavence regarding ITR form itself.
I want to raise query regarding specific rule made in the ITR form not regarding any e-filing process or assessment issue. I think there are some anomalies b/w the Act. and itr form, and want clarification for the same from department. How should i proceed being a taxpayer.

Dear Experts,

For FY 20-21 one of my friends has received IT Notice. When we checked he has got Net Taxable Income of Rs 255000 on which TDS has also been deducted for about Rs 2500.

When we try to file ITR(U) for the same, my question is as follows : -

1. Can the TDS Deducted of Rs 2500 be allowed to be set off against Penalty under Sec 234F of Rs 1000. System is not allowing us to do the same and we we checked online they say we have to mandatorily deposit additional tax under 140B so that will be additional tax deposit.

Kindly suggest what can be the possible solution without depositing additional tax under 140B as his Net Income is less than Rs 5 Lakhs.

Respected Sir/Madam,
If Individual person filed ITR of AY 2022-23 and AY 2023-24 under Presumptive Basis u/s 44AD and his turnover 1.25 Crore and 1.33 crore respectively, Now in AY 2024-25 his turnover exceeds 10 crore now tax audit compulsory for him.

My ques is, whether Individual assessee liable to deduct TDS on expenditure booked in AY 2024-25 because in his 2 previous ITRs of AY 2022-23 & AY 2023-24 there is no audit case and we didn't deduct TDS, but turnover exceeds 1 crore

Now whether we liable or not in AY 2024-25??