Hi,
My AY23-24 refund is kept on hold with the message - "Refund kept on hold,Intimation u/s 245 is issued proposing adjustment of refund towards outstanding demand.
Sep 6, 2023". I checked the Outstanding Demand section and can see an action pending. How can I verify whether the demand is correct or not? Also, the demand is for AY 2021, so why is it being levied now given I had cleared my ITR in previous years? Is the simplest way to get the current year's refund to accept the demand and proceed? But then how will it guarantee that whenever someone files an ITR it is correct, and I can receive an outstanding even after 50 years?

Respected Sir I have filled return u/s 139(8A) but return is defective or incomplete .
the notice received as per below reason
Return has been filed u/s 139(8A), but it is not accompanied by the valid proof of payment of tax as required u/s 140B.
i have filled return of 3 lakh fifty thousand income , i have Paid 1000 Rs. Late fees under self assessment Tax (300)
there is no tax Liability arised u/s 140B so why i have received this notice and
How to Respond this notice ?

Underwriting Commission is written off , when ?
1. From Profit and Loss Account ?
2. From Securities Premium Account ?

Please give an example of each and explain the differences thoroughly .

IGST Output whether can be adjusted with CGST Input and SGST Input.

What are the conditions for availing tran credit (Tran-2), if the delare have not the possession of tax invoices

1.Material which are used for manufacturing the products are Raw Material.
2.Finished goods which are incomplete i.e., partial work done and further work is required to convert the same into FG are WIP.
3.Goods which are ready to remove from factory are Finished Goods.
these are parts of inventories, but how to know how many are WIP and Finished Goods

GST Credit note what is time limit to issue to reverse sales GST Output.

what are list of capital work in progress.please mention.

what is tangible assets under development.

whether depreciation on capital work in progress can not be claimed without transferred to fixed assets.
Like capital work in progress building
capital work in progress plant and machinery.