IS LATE FEE APLICABLE BEFORE VERIFICATION OF ITR? And is late fee aplicable after verification of ITR?

Partners in a firm have decided to part ways and close their Firm with mutual consent. They have signed on a Termination agreement and wish to surrender PAN of the Firm.
They will write to their jurisdictional ITO on Firm letterhead signed by Managing Partner that they have closed the Firm and surrendering the PAN of the Firm. Please advise on the following:
1. Is PAN card (original) to be enclosed?
2. Is letter required to be signed by all partners? or Signed by Managing Partner is sufficient?
3. Is Agreement of termination, signed by all partners, required to be also enclosed with the letter?
4. Will the agreement on plain paper be accepted or it has to be on stamp paper?
5. Can the ITR for current financial year (2022-23) up to date of termination be filed on due date even when PAN has been surrendered? The income for current year is NIL as the FIRM has discontinued business in previous year (2021-22) it self ?
Will be greatful for your advice.

I want to clear my doubt as one of my client told me to File the return by putting wrong challan details as the return was received at last moment and tax was due in it, and we will deposit the tax on 1st Aug and on later date when we will receive the notice for defective return we will put the August challan entry and so our late fees will be avoided. Is this practice as per Sec 139 and can we avoid late fees by following this procedure. I refused to do it but today morning he told that he has filed his return with some other consultant on last date by following this procedure and nothing is wrong in it.

HAI SIR,
I AM WORKING SEZ UNIT, WE ARE 100% EXPORT BUSINESS.
I NEED SOME CLARIFICATION FOR BOOKING FOR SALES, RECEIPT & CONVERSION ENTRY.
1. SALES ENTRY :
CUSTOMER A/C CR $ 1,000/- @ 69/- = RS. 69,000/-
TO SALES A/C DR $ 1,000/- @ 69/- = 69,000/-

2. WHEN THE MONEY RECEIVED : CUSTOMER A/C DR $ 1,000/- @ 70/- = RS.70,000/-
EEFC BANK A/C CR $ 1,000/- @ 70/- = RS.70,000/-
DIFFRENCE AMOUNT RS.1,000/- FOREX GAIN ( THIS AMOUNT ACCOUNT GOES TO CUSTOMER A/C )

3.BANK ENTRY RELATED :
WE RECEIVED PAYMENT FROM CUSTOMER ON 01.07.2022 $ 1,000/- @ 70/-

WE ACCOUNT IN TALLY FOR BANK ENTRY :
CUSTOMER A/C DR $ 1,000/- @ 70/- = 70,000/-
EEFC BANK A/C CR $ 1,000/- @ 70/- = 70,000/-


EEFC TO LOCAL BANK TRANFER A/C.
EEFC AMOUNT CONVERT INTO LOCAL CURRENCIES.

EEFC BANK A/C DR $ 1,000/- @ 72/- = RS.72,000/-
TO LOCAL BANK A/C CR $ 1,000/- @ 72/- = RS.72,000/-

BALANCE RS. 2, 000/- EXCESS IN BANK BOOK .

HOW TO ADJUST IN BANK BOOK. WHICH LEDGER PASS THIS DIFFRENCE.
KINDLY GUIDE ME .

If I am getting multiple stock units of RSU/ESPP for sometime. Those stock units also come with dividends. I have done multiple sell transactions and also have couple of buy transactions.

Can I just have a single entry in schedule FA showing my entire holding in the company or I need different entries for each transactions like buy, sell? Wouldn't finding peak values, intial date and which stock where I got the dividend would be a tedious task?

Also, for ESPP what should be the value of "Total gross amount paid/credited with respect to the holding" field?

I have taken a bank guarantee of 250000 from yes bank. Sir can u please calculate bank charges for bank guarantee

Sir,

We are charging TCS on Scrap (Paper ) sales @1% u/s 206 . Now the buyer saying that his turnover exceeds 10 cr , he will deducts TDS u/s194Q and No need to charge TCS. Is it acceptable or not ?

Plz reply

Cryptocurrency for the F Y-2021-22 In Income Tax Returns Under Which Head have to Shown and How much % Tax Rate Applicable of this . for the F Y-2021-22. can i Shown Under Short Term and Long term as a Equity. Please give the of your Valuable Suggestion about this Sir

Sir,
one of my client filed ITR 1 for ay 2021-22(income Rs 3.40 lac only) with in due date, their was a TDS entry US 194H(Rs 15K TDS Rs 750) which was denied by my client, so I filed grievances request to rectify my 26AS
Now few days ago AO ask that party for above entry in 26AS and my client ask me to rectify because that entry was related to him
Now please suggest how to take correct action
regards
Vikas

If both the business entity not crossed 10 cr turnover in the previous year, but croseed ceiling limit of 50 lakhs turnover in current financial year which provision will apply for tds ?

What is the reason for ceiling limit Rs.10 Crores set for TDS/TCS