I have some clients running partnership business whose turnover falls less than 10 lakhs per year and who has not filed income tax returns for some years. If the assessing authority issues notices to them to file ITR in clear tax will they be eligible to file their ITR u/s 44AD?

Sir.
Our main office in cochin-Kerala and branch office in Delhi. During jan 23 GST ,our Delhi rental owner file quarterly rent invoice in ITC NON available area. actual 4 month rent ,but he filed 5 rent and 1 credit note for rent. While checking 2B . Total 5 rent come in ITC NON Available and credit note for 1 rent reflected to 3b input. what is happen in the case addition on rent input already we paid come negative effected our input. while removing that credit not that show red mark in 3b.
Please advise
With regards
Binu

Can anyone give me correct information as to whether the interest amount received by a central govt. pensioner on the delayed payment of gratuity is taxable or exempt as retirement benefits . thanks

THIS IS REGARDING NON-Filing of 9C FY 2017-18 annual return by me.

Some Figures:
Total Turnover for FY 17-18 was 42.414.846.42 (4.24 crores)
in this stock transfer to own branch was 22.379.236.28 (2.23 crores)

Gst Period Turnover was 26.835.263 (2.68 crores)
in this Stock transfer to own branch was 12.794.108 (1.27 crores)
therefore Nett sales to registered/unregistered/consumers was 1.41 crores.

my question :
1. was i required to file 9C Return, if yes
2. what is remedy now
3. What is the max Penalty / interest / Fine etc that can be imposed on me.
4. also is there any amnesty scheme in the current year for filing the same.

Thanks and Regards

Dear Anuj Gupta Sir,

May I know the compliances for receiving salary as Employees (directors are employees) of Foreign Co.(Singapore) while residing in India itself?

Can Foreign Co. pay to Indian Residents in their savings account or do I need to open a special account for it?

Can Indian residents receive it in US$ and then using Purpose Code 1401 and convert that money in Indian rs and use it freely?

currently builder has one bilding project under old 12% scheme with itc.
now, due to bombay court order, builder compnay has got another building project to be completed.

so, in same maharashtra state, can builder pvt ltd. co have 2 gstn ?

both are under old scheme gst output rate 12% and allowed to take itc.

both will have seperate tally accounts.

my view--> yes, both can be said to be seperate verticals.

Respected Experts,

My DIN was deactivated during the 2016 purge, And the current status is Deactivated due to non-filing of DIR-3 KYC. I wanted to Incorporate a new company and prior to that get my DIN activated. Since I don't have access to the old number and email of Business User MCA.
A Professional was given this task and its been 20 plus days its not been done, All i hear is V3 issues, Mobile showing Null, cannot associate dsc since old info is there etc.

I wanted to know, How can there be no recourse to someone not having access to half a decade old info. So what is the remedy here to get my DIN DSC activated and ready. I want the New details associated to my DIN & DSC on MCA.

Kindly let me know how this can be done.


Regards

Dear Sir,

One of my client earns Commission income on Sale of Tractors. His TDS gets deducted U/s. 194H on this income. Can his return be filed under Presumptive Taxation scheme as his volume of business is not much. His Total Turnover is around Rs. 5,50,000/- p.a.

Please help me in this matter.

Regards,
Divyesh Jain

Sir,
Mr A & Mrs B both purchased an Office & agreement registered on 15/2/23 for Rs 70 lacs. The Ready Reckoner Value of which is Rs 75,10,000/-.Mr A has paid Rs 39 lacs & Mrs B has paid Rs 31 lacs respectively for the said office.
My query is whether TDS on Property Rs 75,100/- is to be paid as follows
Rs 39,000 +2841 = 41,841/- by Mr A or 37,550 /-(equal share)
Rs 31,000+ 2259 =33,259 /- by Mrs B or 37,550/- (equal share)
---------
75,100/-
( on bal Rs 5100 (75,10,000 (-) 75,00,00 in the ratio of their investment 39 lacs :31lacs ie 55.71% or 44.29%

Please clarify what amount of TDS on Property Mr A & Mr B respetively has to pay.
Regards,

MY REFUND NOT RECEIVED IN BANK A/C BECAUSE BANK A/C NOT VALIDATION AFTER I VALIDATE BANK ACCOUNT AND CREATE Refund REFUND REISSUE ON DATE 1.2.2023 BUT THIS IS PENDING.
in how much time it will be accepted