Dear Sir,
Query:-
If a company Paid MAT Tax in AY 2014-15 of Rs. 1.00 Cr and never take credit of that tax till now.
and now in the Current AY company liable to Pay normal Tax.
So now my query is AY 2014-15 MAT Credit of Rs. 1.00 Cr is available in AY 2025-26 or not for me.

MAT Credit available rule Up to 15 Years as per Latest amendment .
Is there any doubt for taken MAT credit in AY 2025-26 due to in earlier take credit only 10 Yrs of MAT Credit.

What if i sold one house and invest the same amount in another residential property but property purchased on my son's name ?
Can I claim sec 54 exemption or not??

"If my employer is not currently deducting NPS, but I open an individual NPS account and provide the account number to my employer, requesting them to deduct the amount from my salary towards the NPS account, will I be eligible for a tax benefit?"

Which head of Income is 194JB under? Can we show 194JB income under sec 44AD

Hello Sir/Madam,
I have 1 query.
Husband and Wife both are salaried and both are paying tax on their income .
Husband had purchase Quant MF 1 years ago of Rs 1L. current value is 1.4 L for that.
Wife had purchase AXIS MF 1 year ago of Rs 1 L and current value is 1.4L for that .
Both of they have decided to exchange their MF. so husband has given Quant MF to wife of RS 1.4 L and wife has given Axis MF to husband of RS 1.4 L
So my query is
If both of them sell MF after 2 year then if clubbing of income applicable to both of them? Or then can just pay tax of own amount . Both case tax applicable is same.
After 2 year both share price is 2 L then any case of of them need to pay tax on 1 L. But for filling ITR if it need to show against clubbing or in normal.
Also what if net value of both MF is different after 2 years ?
ICICI MF (Husbant had given gift to wife) price is 2.5 L
Nippon MF (Wife had given gift to Husband) price is 2 ?

If a taxpayer having income from business or profession has opted for the old tax regime for the Financial Year 2024-25, he shall be allowed to switch to the new tax regime for the Financial Year 2025-26 only once. However, once the new tax regime is opted, he shall not be eligible to switch back to the old regime in any subsequent year, unless the business or professional income ceases to exist. is this correct??

Sir, I am a defence pensioner and have some capital gain against stock sell. When I am proceeding to fill schedule salary , I am not able to fill
Pension amount not the column is pre Please suggest how to proceed.


P

My friend is Govt. pleader who has received professional fees for representing govt.. TDS was deducted u/s.194JB. now, whether he has to file ITR 3 or ITR 4? can he opt for presumptive taxation ? please advice. thanks a lot.

Whether TDS u/s 194Q is applicable for issuance of Privilege Vouchers which will be redeemed later on in the retail stores. At the time of accepting payment against Privilege Vouchers the sale proceeds not completed. In this scenario the supply of goods not ascertained. So our specific query whether TDS u/s 194Q is applicable at the time of acceptance of money as advance ?

SIR MY QUARY I RECEIVED COMMISSION FROM INSURANCE RS.20 LACS CAN I PROFIT SHOWING 7 LACS OR NOT