Sir

I mistakenly paid a 26 QB challan for land instead of building. Can I correct this and change it to building?"

Selected wronly land in place of building

as per income tax law 269 st can a partnership firm has right to take cash of 150000 in a day for 3 days as 450000 as a capital contribution from one of the partner

Dear Sir,
Director of the company providing guest house to the company and the guest house is used for the purpose of business. The guest house rent allowed or not in case of the company. If yes, under which section. The rental income in the hands of director taxable under which head. Please explain.
Thanks in Advance.

Wrong TAN mentioned in Challan 281, 20 days happened. how to claim refund. PLEASE REPLY

The resolution plan of SREI infra NCD default, for its holders provides two components of payment. One part distributed as cash payment directly and the balance in the form of Security receipts (SR) and Estimated Optionally Convertible Deposits (OCD). These SRs and OCDs are held by Punjab National Bank and will be released after 8 years with condition that if funds available then! Please therefore inform how the capital loss of debt is booked for relevant assessment year. Is it only cash paid now as value of return; and SR+OCD if any paid after 8 years to be taken as income for future earnings?

We had filed rectification request with revised return data of AY 22-23 in Mar,24. CPC has issued rectification order u/s 154 nullyfying demands raised in intimation u/s 143(1). However, they have computed interest u/s 234A from Date ff filing of return (Nov,22) to date of filing of correcttion i.e. Mar,24. Please let us know the applicability of interest u/s 234A in this case.

Processor to conodone delay of submission of ITR by the Cooperative Societies as per Circular No.13/2023, dt:26/07/2023 after appeal

I have two trust. Can I give loan to another trust with interest free loan???

What will be it's tax treatment in both the trust

Kindly reply

If an assessee has paid for mediclaim premium of his father, however the father is the policyholder, insured and proposer of the policy, can the assessee take deduction for the same on the basis of mere payment of father's mediclaim premium or will the father here be eligible to take deduction.

Sir, While filing 24Q in RPU version 5.1, in annexure II details, I have mentioned in 16iii, professional tax amt 2500 and in 16ia standard deduction 50000. While clicking the 115BAC as 'NO' automatically the professional tax paid mentioned in 16iii disappears. Number of times, I have entered but the same thing happened. I do not know the exact reason. Kindly help me in this regard