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Tax deducted on sale of property, but not deposited in government treasury by Assessee, now case was selected in Scrutiny. How AO will get this information and how he will react on this.
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sir, We Have Come To A Situation Where The Client Has Raised The GST Invoices And Purchased The Goods From The Same Party Which Was Reflecting As Purchase And Sales In One Side. On The Other Side, There Was No Cash/ Bank Transactions Involved For Such Purchases And Sales Made Whereas It Was Adjusted By A Journal By Netting Of Creditors With Debtors. Is It Allowed As Per The Accounting Standards? And In The Other Case, Creditor's "A" Balance Of Rs. 1,00,000 Has Been Adjusted With The Debtors "B" By Posting A Journal Entry Which Impacts Understatement Of Assets And…
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Kindly clarify whether for the entitlement of awarding 3% additional interest under section 244A(1A) in a case existence of passed finally appeal or revision order effect of which is involved must be of the same assessee and for the same asst. yr. Can it not be given in other similar facts of the case under section 158A(5) ?
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sir, Whether A Professional Can Report Income Less Than 50% Of Gross Receipts In Their Income-Tax Return If They Maintain Proper Books Of Account And Without Tax Audit Report
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A has made payments for a flat during the year under ref ; but agreement was made more than 2 years before the said year; can A claim exemption u/s 54F ? any case law ?
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LTCG declared under ids 2016 but its cost was not disclosed being a payment from disclosed bank a/c can ao issue notice u/s 148 for taxing cost of penny stock ? any case law ?
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IS EXEMPTION U/S 54 APPLICABLE IF NEW HOUSE PURCHASE IN THE NAME OF SPOUSE AND SON?
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1] if more than 1 executors are there, what will be rate of tax MMR or slab ? 2[ case law ?
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In a case where the TDS credit is reflected in Form 26AS but the corresponding TDS amount has not been accounted for in the books of accounts in the current year and is instead accounted for in the next year, let's understand this with an example: The TDS credit is claimed in FY 2020-21 while filing the income tax return, and the same credit is reflected in Form 26AS for FY 2020-21. However, the TDS is recorded in the books only in FY 2021-22. The question is: In which year is it legally and logically correct to claim the TDS…
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in Scrutiny reaction of AO on non deposit of tax