Should Part A P&L of ITR5 match P&l prepared as per guidelines for preparing financial statement for non corporate enity issued by ICAI? The instrution for ITR 5 says " The reported figures of the profit and loss account should match with the audited profit and loss account, in case the accounts were required to be audited" but also says "please fill up the details of the profit and loss account for the financial year 202223 as per the given format, in respect of the business or profession carried out during the financial year 2022-2023.". Now, though we are not required to be audited, should we only disclose items that are actually credited / debited in p& l prepared as per ICAI in Part A p&l or itr 5, leaving other entry such as gst paid/ payable on purchase or partners remuneration ( these are not shown as debit in p&l as per ICAI) blank or 0? please note any adjustment as per ICDS can be made in schedule BP or other areas of ITR.

Hello Experts,

I stay at Kalyan, Thane on the outskirts of Mumbai. I have put my property (1) on rent and living in the 2nd property (2). I work in Mumbai, close to Sion. My travel time is ~2 hours one way.

As I am ageing, I wish to rent a place closer to my office in Sion to reduce the travel time. My company provides me HRA benefit.

so my question is - Can I claim HRA deductions/benefit, inspite of I owning a self occupied property in Kalyan? Would IT act consider Kalyan out side of Mumbai and grant the benifit?

Hoping for some guidance from the community.

We are Goods Transport agency, and have sold two commercial vehicles during July 2023. My question is whether we can we depreciate the sold vehicles at 50% of usual depreciation rate (30%) as they are sold in July 2023 and are put to use for less than 180 days during this Financial Year.

Thank You,

Selling Crypto is showing income when online filling ITR . What should i rectified

An individual shifted jobs mid-year. He has duly submitted details about total salary paid and tax deducted by previous employer in Form 12B to the new employer. However, the new employer failed to consider previous income for calculation of TDS on aggregate salary for the whole year. As a result there has been shortfall in taxes paid and now a huge sum as tax alongwith penal interest needs to be shelled out by the individual. Can the new employer be held responsible for short deduction of TDS and be asked to compensate for the penal interest?

I AM A COMMERCE BACKGROUND PERSON AND I HAVE AROUND 20 YEARS PLUS EXPERIENCE
IN VARIOUS POSITIONS IN ACCOUNTS DEPARTMENT.
NOW I WANTED TO ENROLL IN COMPANY SECRETARY COURSE.
CAN YOU PLEASE UPDATE ME ABOUT THE TOTAL NUMBER OF PAPERS , TOTAL NO :OF YEARS IT MAY REQUIRE TO COMPLETE AND COURSE FEE DETAILS

THANKS AND REGARDS
SURESH R

We are a Central Govt. undertaking under Ministry of Steel, Govt. of India. The income of our organisation is exempted u/s. 10(23C)(iv) of the Income Tax Act, 1961. We have our own guest houses all over India, used by guests from our company as well as by outsiders including Govt. Officers and employees. We charge GST on the guest house bills at the prevailing rates.

Is there any provision under the present GST laws where our guest houses will not charge GST at all on the bills ?

Shall be thankful if replied with suitable provision(s) and section(s)

Thank you and best regards.

If a person is a resident of India but not ordinarily resides in India (R but NOR) & he has to apply for the Tax Residency Certificate in India.
does he apply for the same or not?

Made twice payment of GSTR-9 Penalty of Rs. 20,000 for the FY 2020-21, first under DRC- 03 and later when the system did not consider it paid one more 20k under compute liability.
How to get refund of excess paid Rs.20,000.

Hi Sir, I am getting below validation error while filing ITR-4 for professional. I have already selected the code from the list in profession tab. "Business code u/s 44ADA is to be selected for income declared u/s 44ADA."