For FY 2020-21, the income tax return was filed under new tax regime but while filing Revised return (ITR 3) The return was processed without considering the same as it was not opted within the the orginal due date. The income tax return for the subsequent two years was filed under new tax regime without filing the form but within due date and the same was processed with demand ( Old regime). Can you please advice the resolution of this issue.

Thanks in Advance

How to check supplier status of compliances By Pan Card No?

Dear Experts

one of my clients received an advance amount in FY 18-19 for goods supply from the party and he deducted TDS 5% showing that commission expenses..now the income tax department wants to add this income under section 147. when he filed an income tax return he did not claim this tds while filing income tax..

Kindly suggest a reply and provide me with reference case any

Dear Sir

Please clarify whether the following taxable income calculation is correct or not,as the total deductions are more than the taxable income

Gross income-1819876

Standard deduction-50000
Chapter vi deductions-601206
Hra exemption-120762
24 b-200000
-----------------------------
Total deductions 971968

Taxable income-847908

in F.Y 2021-22 we missed a TDS payment of Rs.1,00,000 under 194j now we are paying this in Q4 f.y 23-24. in which year this TDS will be reflected

Dear Experts,
1 A company is having the opening WDV for ups batteries as on 01-Apr-2023 say for Example Rs 1,00,000.00
2 During the current FY, it sold all of them for Rs 30,000.00 dated 31-Jan-2024
3 Now the calculation for depreciation to be considered for 12 monthly?
4 How the accounting treatment to be carried out.
5 Please confirm

Dear Sir/Madam,

Please guide, if we are supplying services and goods to SEZ unit then should we levy GST?

thanking you in advance i

Is ltc encashment taxable ?
Is ltc allowance taxable ?
Is ltc reimbursement taxable ?

Dear Sir,
Is TDS on purchase of software from resident is applicable ? If yes, section under which and rate please explain.

Hi,
A registered person has passed away and while filing for new registration of legal heir, the reason for registration was provided as voluntary basis by the applicant instead of "death of proprietor". Now the ITC balance in the GSTN of registered person has to be transferred to its successor/legal heir. Kindly let me know how to transfer the ITC balance.