We are apply for form 10AB( 12A AND 80G) before 30.09.2025. Now we got hearing notice from department. So can i response for this notice in onine or offline i.e can we go hyderabad ?

Sir,
1. If a person below 60 years age earns interest on fd during the financial year 25 - 26 Rs. 4 lacs and submit form 15 G, then whether bank will deduct tds?and 15 g will be valid.

2. What is the limit of interest on fixed deposit earns, when 15 g and 15 H become invalid, and bank will deduct tds even after giving form 15 G and 15 H. Please note that 4 lacs as interest earn on fd is made in 3 banks separately and each bank interest on fd is less than 2 lacs.

We have entered a JDA for construction of Residential Flat and issue the POA to Developer and Coforming Party in the FY 2022-2023 for doing the needful. The Ratio is 45% & 55%.

We have received a sum of consideration from the Developer in the FY 2022-2023 to 2024-2025.

After construction the Conforming Party (Buyer) start to sell the flats after execution of proper agreement duly signed by us as a Land owner, Developer and Conforming Party and the whole consideration duly received by the Developer and Conforming Party.

But in the FY 22-23 to 24-25 we found that, every consideration executed by the Conforming Party reflect in the AIS under our PAN.

We know, there is a Capital Gain for transfer of Land to the Developer and we are ready to pay the liability .

Can any expert advice us, why the whole liability shown under our PAN and how to resolve it.

Dear Sir/Madam,
I want to file updated return for AY 23-24 but my gross total income is below basic exemption limit. I can show additional income in ITR form to make it more than basic exemption limit to fecilitate filing.

Can some expert suggest under which head or heads in form can I show excess income to augment total income above basic exemption limit but below 5lakh so as to file ITR-U with 234F penalty ?

Thank you

A proprietorship firm wants to convert to a Partnership Firm having proprietor as partner and 2 other parnters.
What are the Tax Implications in Income Tax w.r.t the same.The proprietorship firm is also having b/f business losses. Can the same be carried forward?

If TDS is deducted u/s 194DA on maturity of proceeds of life insurance policy, then such income is exempt or taxable?

We are a business organization. We paid Rs. 12000/- Monthly to pujari ( priest ) for Abhishek on daily basis👌to lord shiva Temple 👍. This expenses we debited to donation👍 account ( not included deduction in P&L account / i. e. Add back to profit👍.

Can we are liable to deduct tds? If yes under whic section.

Dear Sir/Madam,
I've the following queries,please assist me if possible,
My mother (senior citizen) didn't file ITR for AY 21-22,gross total income was 4,75,000, Rs. 4700 tds deducted (other income source).
My question is,
Can she file condonation of delay to file updated return without penalty and interest for tds credit now if granted or time limit to file condonation is over ?

Thanks

If TDS is deducted u/s 194DA on maturity of proceeds of life insurance policy, then such income is exempt or taxable?

If sales were recorded in F.Y. 2023-24 but the related TDS credit appears in the F.Y. 2024-25, is Form 71 applicable?