Hi,
I was laid-off from my IT job. I received severance package. This also included ex-gratia of amount 1.5 Lakhs. Is this ex-gratia tax exempted. If yes then in which article can i exempt it from

Dear Sir / Madam, due to wrong Guidance, I have Filed 10% of the Disputed amount Vide DRC-03, now at the time of Filing there is no option to show that the amount paid to vide DRC-03, how ever due to the last date of appeal I have filed APL-01 application by showing pre-deposit as 0% and filed file the request as I don't have any option
kindly provide the solution on what to do further which is the best way to come out

Our is Chartered Accountant Firm having fees below Rs.50 Lakhs
We are not opting for presumptive taxation u/s 44ADA

Software through we are compiling and filing Income Tax Return gives following warning
As the profit is less than 50% of the Turnover, you are liable to get your accounts audited u/s 44AB. Hence, get your accounts audited, fill up Tax audit data in 'ITR Data entry' window and '3CD' window and select the Due date as '31-Oct-2023 - Audit case' in 'Home' page. Alternatively, declare minimum profit of 50% on Turnover u/s 44ADA. However, if you disagree, you can ignore this warning and generate ITR.

Is Tax audit applicable in our case

How to Check DSC Expiry date.

Assesse have opted for 44AD in FY 2019-20 and opted out for regular ITR in FY 2020-21 and declared income more than Rs. 2,50,000, which is also more than 6%/8% of Total turnover. Is he eligible for audir us 44AB(e)?

Hello Everyone,

We made a sale bill on 20/07/23 from Delhi to Aurangabad Maharashtra of Goods worth 5 lakhs, Last date to Reach Goods in Aurangabad is 27/07/2023.
But The truck is still in Gurugram and take 2 to 3 days to reach Aurangabad.

My Question, Is there any option to move goods from Gurugram to Aurangabad.

I raised a home loan jointly with my wife and got the property registered in our joint name. Now I have started paying the 100% loan EMIs from my account and the interest payable for the full year is Rs. 266312. Can I alone claim the rebate on a full permissible limit of Rs. 200000/- while filing the ITR?

tis shows wrong business exps.
big diff (about rs. 2 crore diff) in actual vs what tis shows.

what to do? should i hold july 23 return? i can hold the return by 2 months
my view--> ill file the itr, if clarification comes after filing, will tell, i dont know how tis got this figure. correct?

Situtation: I am a CA having a prop. firm in the name of xyz services. It renders general financial consultancy for both individuals and corporates. Obviously, no signing of Audits or certificates. Now, i want to get into Audits and certifications etc. I want to apply for COP in my own proprietors firm AB & Co., Chartered accountants. Can i run both simultaneously. Is there any declaration i need to make.

RESPECTED SIR
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