A partner has 33% of shares in partnership firm and wants to transfer his total shares to his son, whether the transfer will be done just by admitting his son as new partner , or by way of gift and
whether stamp duty or tds applicable on above

Here is the scenario. An employee broke his personal mobile and asked the owner of the proprietor ship firm to help him out in purchasing a personal mobile from a mobile dealer who has regular business with the firm. The vendor raised an invoice in the name of the firm (proprietorship firm ) and handed over the mobile to employee. When the payment was made by the firm to the mobile dealer when it recovered the entire cost of the mobile from the employee from his salary (paid in cash each month). The mobile phone dealer acknowledged that he has received the money from the employer. Now the employer has shown the mobile as his company asset in the books of accounts and claimed Rs 2899 of input tax credit in GST and depreciation as capital asset (office equipment). Can the employee sue the employer for the same?? What is the declaration employee has to take from the employer???

I NEED DISA NOTES

Sir/Mam,

We have to file professional tax return on employee which option we select monthly or yearly,

Plz explain professional tax returns on employee which is mandatory , due dates etc

Thanking you,

sir
Mr .A RUN A NAME AND STYTLE OF " XXX TEXTILES" BUSINESS. HE PURCHAES VACANT LAND AS ON 05.04.2023 RS.30.00 LAKS AND 50,000 SQ.FT..HE IS BEGIN THE REAL ESATE BUSINESS IN THE NAME OF "RRR REAL ESTATE" ON BEGINE FORM 1.4.2024. HOW THIS LAND TRANSFER FROM XXX TEXTILES TO RRR REAL EATTE ACCOUNTS.
THANKS

hiii!!! my turnover is greater than 50cr last year and plant value is 1cr, classified as medium. but this year my turnover is 45cr. can i reclassify myself to small??
can i go from medium to small??

I stayed oversees 30 years. In FY 2024-25 returned to india (stayed oversees 184 days) with the intention to settle here.

1. For FY 2024-25, I returned to india on 2nd October 2024 (stayed oversees 184 days) with the intention to settle in India.
Am I NRE for FY 2024-25?

2. For FY 2025-26, I plan to stay oversees 184 days and rest of period in India.
Will I be considered as NRE taking in to account if any changes in current finance budget 2025.

IF I stay < 120 days in India, makes any difference.

3. For FY 2026-27, I will become NOR or Resident.

4). What about my NRE deposits (convereted in rupees) for above Financial Year?
Can I convert to RFC account , once I become NOR or Resident.

5). Are my NRE deposits interest taxable ?

6). When I must report to bank ie. in which financial year?

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Dear Sir

I am 51 single, divorced and have one little sister who is 32. Recently I lost my job, and I am not in the mood to search for a new one. I am in the process of making arrangement to fulfil my monthly needs. I am holding the NPS which has a small corpus of 5 lacs in tier 1 and 45k in tier 2. Now I want to completely exit from the NPS. Now I must compulsorily accept the 20% withdrawal and 80% annuity. I have a few queries below.
1. Should I consider buying 100% annuity. 20% withdrawal does not make sense
2. Should I consider putting 1.5 lacs more to enhance the annuity (The corpus will become 7 lacs approx.).
3. Should I consider taking out the annuity on a yearly basis (Please explain Its pros and cons), since it offers more benefit.
4. Should I consider the Shriram life insurance.
5. Will it be safe to consider Shriram life insurance for life long future annuity. It offers the highest annuity.
6. Should I consider Annuity for Life with ROP - Subscriber will get annuity for lifetime and on death of the Subscriber, payment of annuity ceases & 100% of the purchase price will be returned to the nominee(s). The annual offer is 49,063.00 (7.01%)
7. Should I consider Annuity for Life without ROP - Subscriber will get annuity for lifetime and on death of the Subscriber, payment of annuity ceases, and no further amount will be payable. The annual offer is 58,112.00 (8.30%)

We have purchased flat @ 135,00,000 with 3 buyers with share 70%, 22% and 8%. Buyer-1 has major portion and taken loan however need to pay TDS before that. He has made payment in 2 instalments - (a) 5L on 11-Dec-2024 and (b) 28L on 3rd Feb and remaining through Loan. While making TDS payment - Payment Type is Instalment and Lumpsum.

In this scenario I have following options -
1) Payment Type: Instalment / Lumpsum
If Instalment selected then

2) Whether it is last Installment - Yes / No [In this scenario Loan amount considered as last or the 28L considered as last payment]
(Note: If yes selected then only it allows to enter Stamp duty value)

3) Total amount paid/ credited in previous installments, if any (A) * [What amount be entered]

4) Amount paid/credited currently (B) * [What amount to be entered]


I have issued cheque on 31st Jan and cleared on 3rd Feb so I need to enter 3rd Feb only right? Remaining payment made after TDS deduction so TDS deduction date will be 31st Jan or 3rd Feb. While deduction loan amount payment is also considered...

Request you to help here..