Respected Sir

30-4-2021 i.e. financial year 2021-22
To
21-10-2022 i.e. financial year 2022-23

Total RCM Rs 2,25,657 for the period from 30-04-2021 to 21-10-22 (18 months) has been claimed in 3-B of Oct 2022 filed on 20-11-2022. I would like to know RCM claim for two different financial years whether will be allowed.

PLEASE GUIDE ME AND OBLIGE

while maintaining books of accounts of proprietorship firm How to maintain bank account that is opened jointly bank account.

What is the due date for filing audit report Form 10B for the charitable trusts for the asst year 2023-24. Can the experts tell me please.

I Have to maintain joint bank account of proprietorship firm , My question is that how to maintain receipt and payment and also Interest earning how to divide between joint bank account.

My mother received Rs.600000 as benevolent fund in FY.2022-2023 after death of my father. I would like know that is benevolent fund fully taxable, partly taxable or exempt from tax?

I selected advance tax for AY 24-25 while paying self assessment tax for AY 23-24
I submitted letter to AO 15 days ago to correct the mistakes , but corrections have not yet been made in record
Now if I receive demand notice, how to reply and close the matter?

I am salaried with TDS @ 30% (per Old Regime) along with Capital Gains ( Equity / Debt MFs ) earned during FY 21-22. No ITR has been filed for this period. Neither Original, Nor Belated. But I had made payment of Self Assessment tax, due to which tax deposited is more than my tax liability.

Now, as I am trying to file ITR U for this period ( AY 22-23 ), the Tax Advocate, whose help I am seeking, tells me that ITR U cannot be filed since refund is not allowed (as tax deposited is greater than tax liability) and that I would have to increase my tax liability by showing additional income to be able to file ITR U. I am not sure how I can increase my tax liability when I don't have any other income for this period.

Based on above, request for guidance on following queries :
1) Whether I can file ITR U ?
2) Whether any additional charges, such as penalty etc., are payable, considering that tax deposited is more than my tax liability for this period (AY 22-23) ?

Sir,

Whether Form 10BD is necessery incase of non receipt of donations during the financial year 2022-2023

Dear Experts,

In one of the case, individual has taken loan of Rs 25L for house purchase and improvement. However agreement value of the house is Rs 11,42,000/- . Hence differential is towards House improvment. Please advice whether interest and principal towards house improvement can be taken as deduction in income tax? since there is no seperate break up , total loan of Rs 25L is for both.

Regards,

Hello All,

Renovation of office taken on lease for 5 years, should it be capitalized or shown as expense.