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| judiciary system | |
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| Excerpt of query: | this question to all senior advocates 138ni act this act only favor complaint for example. if a innocent person (or) daily worker(or)small business man take 50 thousand loan from moneylender for bussiness purpose a innocent person issued a blank signed cheque and pronote after money recover by cash because (small amount) then cunning money lender fills pronote and cheque present bank cheque dishonor 50lakhs.money lender sents legal notice the innocent person reply iam not taking 50lakhs iam taking 50thousand the court issued summons to innocent accused start trail the money lender and witness tells he takes the money . then innocent accused tells sir iam not taking 50lakhs iam taking 50thousand and i retuned money its a fraud case the innocent accused doesn’t have evidence to rebut.if innocent tells court how he gives 50lakhs in cash its violate 269ssit act the court says its. it department problem not related to this case 138 ni act attract. then judgment passed favor of money lender the innocent accused has topay 50lakhs not paying 2years imprisonment after attached all properties in his name in civil suit.if accused not has any properties the innocent accused goes jail. [the innocent accused family in platform] my question is 1.how innocent live in india 2.why parliament can’t ammend if money lent only bank transfer if cash transaction made doesn’t attract 138ni act and not enforcible debt 3.please tell me how innocent live in section 4.how cani complaint to judiciary to this section (as a indian i have a right (0r)not 5.how so called fundamental rights protect innocents. 6. only innocents has option to leave citizenship how laws protect . please tell me sir |
| rights issued to shareholder of unlisted cos | |
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| Excerpt of query: | can unlisted company charge share premium on rights to shareholder without complying with rule 11UA? |
| Import ocean freight paid to foreign shipping company is tds deducted | |
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| Excerpt of query: | Dear sir, On Import of goods, we need to paid ocean freight and commission paid to foreign companies is liable to deduct Tds. Please clarify |
| disallowance of purchases | |
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| Excerpt of query: | Assessee is filing return of income and declare profit u/s 44AD. Notice u/s 148 received alleging that you have a bogus purchase from M/s X and why it should not be disallowed and profit declared by assessee shall be incoease by bogus purchase amount. He contended that since purchase is bogus and is considered in arriving net profit at 8%, hence profit will increase by amount of bogus purchase. Please comment. |
| Judgement | |
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| Excerpt of query: | I want to have judgement of Justice Siddhartha Nautiyal, Ahmedabad ITAT Bench on 143(1) and 80P of the I T Act |
| Interest on advances and applicability of Sec 44AD. | |
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| Excerpt of query: | Assesse has been carrying on the business of lending money on interest, he has offered the income of interest u/s Section 44AD at 88% against the statutory requirement of 6%. 12% of the income have been incurred on expenses such as Bank charges, Depreciation, insurance of Car and its running expenses, salary of accountant/manager and Telephone Expenses. The case have been reopened for the A.Y. 2020-21 u/s 148 of the I.T Act, 1961 on the ground that income should have been offered under the head of Income from Other sources. Query: Whether the action of the A.O is justified? Any Case Laws on the issue. |
| Penalty U/SEc. 271(1)(c) of the Act | |
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| Excerpt of query: | Assessee is private limited co and during the course of assessment proceedings AO made the addition U/SEc.14A, Write off advances to 100% subsidiary co established in China and non submission of receipt of donation. CIT A confirm all the additions . ITAT has reduced the disallowance U/sec. 14A to the extent of exempt income. and confirm the addition made by the AO . on the ground of writeoff of advances to subsidiary co on the ground that the assessee failed to substantiate the claim made by the co. AO has levied the Penalty U/SEc. 271(1) (c) for furnishing of inaccurate particulars of income. whether it is justified in law |
| govt job recruitment | |
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| Excerpt of query: | Department of Agriculture, Tripura has advertised for the post of Agri-assistant on 25.09.2018. . But unfortunately till date no written test was conducted in this recruitment process and the process of recruitment was also not completed. The recruitment process kept on hold. My question is how many days a govt job recruitment process could be on hold? Will this recruitment process be considered as cancelled ? |
| Wrong assessment order u/s 148 | |
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| Excerpt of query: | Dear sir , I have received wrong demand order for selling a property in 2015 which actually I have purchased and loan is availed . In this case what need to be done ? 264 or CIT Appeal |
| refund | |
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| Excerpt of query: | We have applied under VIVAD SE VISHWAS SCHEME against the demand mentioned in the Order for the relevant year. income tax authority issued Form 5, but its not updated in their system. and now the authorities also adjusted my refund against that due amount which i have already paid under vivad se vishwas scheme. what is remedy with me ? |