Dear Experts,

Gift deed of immovable property was made in FY 2023-24 (Jan 2024) from father to son. However the same was registered in FY 2024-25 (April 2024). Property was commercial property and yielding rental income.

So rental income from Jan 2024 (i.e period from which gift deed was made) will be taxable in hands of father (gift giver) or son (gift receiver)? Period in doubt : Jan 2024 to March 2024

Pls advice

Regards,

Can someone clarify that, one of our client is engaged in GTA services. So he used to fuel up his vehicles on monthly credit basis and no contract was established. However, such transaction cannot be deducted u/s 194C, though charges paid for purchase of fuel is treated as goods. Will TDS u/s 194Q may apply? (Correct me, If I'm wrong). Thanks in Advance!

PLEASE EXPLAIN CAN I ADJUST LAST YEAR ADVANCE TAX DR.BALANCE AND TCS RECEIVABLE ON PUR. AGAINST CURRENT YEAR PROVISION OF TAX?

WHAT WILL BE THE ENTRY...?

Dear Sir,

With respect to above subject line, which factors should be considered for Filing an Income Tax Returns for F.Y. 2024-25 and A.Y. 2025-26, kindly advice.

Warm Regards,
Aditya Ghatge

whether TDS to be deducted on GST Portion if GST amount not taken as GST Input , whether TDS to be deducted on Invoice amount inclusive GST amount also. If GST amount Booked as expenses.

I have paid Rs. 10,00,000 For office Installation Work and TDS Deducted @ 2% I.e Rs. 20.000/-
Now I have received invoice for Rs. 1,18,00,000 With GST @ 18% Ie. Rs. 1,00,00,000 Taxable Value and GST amount Rs. 18,00,000/- Now My question is That whether TDS on amount Rs. 90,00,000/- I.e Rs. 1,80,000 Less Rs. 20,000 I.e Rs. 1,60,000/-

Hi
Mr.X, had short term capital gain of Rs.90000, arrived from sale of shares for short term period.
He also has income from house property.
For FY 2023-24. He filed returns and his income was less than Rs.5L which is eligible for section 87A deduction
He filled accordingly
However he gets notice to pay Rs.16000 including penalty and interest as income tax on short term capital gain,
Please explain relevant provisions , so that we can respond to the notice
Please guide

Please clarify if legal heir can file updated itr??
Once registered as legal heir on IT portal (to file itr on behalf of deceased) can help once registered then file UPDATED itr??

Hello all experts
Pl guide me how can i take nps benefit deducted by my employer.
In case I am an employer then what is procedure to make payment of NPS. How can I make salary slip of our employees.
REGARDS
Sanjay

Hii , i am government employee, i am retired and working i forest department, i had receive pension of 20,00,000 after deducting tds of rs 5,00,000 for the f.y. 2023-24. Return for the same period is not filed till date . what should i do?