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ajay Kumar
17 June 2024 at 13:15

Monthly financial assistance

After the death of a government employee income tax can be deducted from the monthly finance assistance granted to spouse of deceased. please answer with proof.


suresh s. tejwani

If order under 220(6) of income ax act, 1961 is issued regarding approval of stay in CIT(A) and assesse has already paid 20% of outstanding demand
So whether any submission is to made against such order in income tax portal?
Whether such order is to presented against CIT for stay ?


ajay Kumar
17 June 2024 at 11:40

Related to MFA

Is amont received by haryana govt due to monthly financial assistance ( beneficiarie of deceased employee) taxable?


ashish marwah

Dear Sir/Madam

I am a salaried person . I traded in currency future in FY 23-24 and earned 222000/-. Can I opt for the Presumptive Income under Section 44ADA to save taxes. What are pros and cons of the Presumptive Income under Section 44ADA.


memon javed
17 June 2024 at 10:13

Auto Consult Income

Respected Sir

Auto Consult Income ( Purchase and Sale of old Vehical)

First question is auto Consult Income is business income or not
Can I show this income under ifos??

Second question is if it's only declare under business then what amount should be show , it's only commission income or sales income ??


keyur
17 June 2024 at 09:33

Password not reset

Sir/Madam

I have tried to reset login password in income tax portal and it was not reset due to mismatched in father name.

I tried to entered father name as per pan card and as per aadhar card but not matched. Is any other option to reset login password??


Tamanna Kapoor
17 June 2024 at 08:40

115 BAA regime

In a recent case law Synergia Lifesciences Pvt. Ltd Vs DCIT (ITAT Mumbai) tribunal has allowed for deduction of csr expenses.
Is it applicable to all companies.
Can a company opting for 115BAA claim csr expenses deduction under 80G for current financial year?


Suvendu patnaik
16 June 2024 at 19:02

TDS deduction - NRI Property on Rent

Hi

I need some advice, can you please help.

I am suvendu patnaik and i live in Germany currently. I am an NRI and want to rent my flat in hyderabad in india to a tenant.

Since I am an NRI, the tenant will have to deduct TDS and its an administrative burden on him. So i want to rent my flat 1st to my brother who resides in india and my brother in turn can rent it out to the tenant. The TDS part now will be between myself and my brother which i am ok to manage.

Is this legally ok, can i go ahead with this arrangement, can you please help me with your advice on it.

Thanks
Suvendu Patnaik


Swapnil

Hi

I held Corporate Bonds of Public Limited Company for more than 3 years , which were redeemed by company during FY 2023-24

Whether profit on this transaction fall under Short Term Capital Gains or Long term Capital Gains


Suraj

Dear Sir,

My query is as follows:
Mr A is a salaried person who helps others invest in Mutual funds through the Prudent platform. He received a monthly commission totaling to Rs. 185842/-pa. He doesn't maintain any books of accounts for this.
1) How can we report this income in his ITR? Can we show under commission/agency business without books of accounts? He incurs traveling expenses.
2) which business code is to be selected?

Kindly guide.
Regards,
Suraj







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