dipak desai
This Query has 1 replies

This Query has 1 replies

30 October 2024 at 10:52

Valuation of diamonds as on 01.04.2001

pl. provide me the valuation of diamonds as on 01.04.2002


Divyesh Ajmera
This Query has 1 replies

This Query has 1 replies

30 October 2024 at 09:41

Regarding claim of TDS

If we claim full TDS on salary which not reflected in 26AS but will be reflected in some days. Is this problem arises in future?


Akshit Jain
This Query has 1 replies

This Query has 1 replies

29 October 2024 at 16:36

Duration of RNOR status

If a citizen of India has been non-resident for the past 12 years, for how many years can he retain the RNOR (Not Ordinarily Resident) status - 1 year or 2 years for income tax purposes. Stay in India over the past 7 years is around 900 days


KRISHNAMOORTHY RAVIKUMAR
This Query has 1 replies

This Query has 1 replies

29 October 2024 at 15:10

Closure of a trust

A Trust was formed in 1996 but not registered as per Trust Act. It got approval from IT Department and 80Gapproval was given and trust activities were carried on without inviting any donations from out siders. Registration at this stage by forming a new Trust means the unregistered trust losses its originality. i.e Pan and IT approvals can not be used.
New PAN and IT approvals to be obtained.only after track record of 3 or 4 years CSR registration can be done.
Please also suggest how to transfer the corpus from unregistered trust to registered trust. (We want to retain the same name)

please suggest best Modus oprandi.


Akshit Jain
This Query has 3 replies

This Query has 3 replies

If an Indian citizen lives in Nepal, whether employed or not, would he be considered an NRI (Non-Resident Indian) under
A) FEMA
B) ITA (Income Tax Act)
C) BOTH FEMA and ITA
D) NEITHER FEMA NOR ITA

What is the correct answer - A, B, C or D?


DILIP KUMAR BARANWAL
This Query has 1 replies

This Query has 1 replies

29 October 2024 at 09:04

Applicable rate of TDS

Dear Team,

If any invoice raised on us during Sep-24 which attract TDS @5% U/s 194H, now what is the TDS rate if the same were accounted in Oct-24 at our end. (As TDS rate revised to 2% from 01.10.24).

Kindly advice.

Regards,

Dilip Baranwal


Divyesh Ajmera
This Query has 7 replies

This Query has 7 replies

Extended due date is applicable for directors return like partner of firm returns?


Chandra Kala
This Query has 1 replies

This Query has 1 replies

28 October 2024 at 16:46

Applicability of EPF & ESI

Application of EPF & EST. Conditions for application


Prakhar Agrawal
This Query has 1 replies

This Query has 1 replies

28 October 2024 at 14:13

FORM 29B APPLICABILITY

Please tell that whether Form 29B is applicable on my company in the following circumstances
My Turnover 20 Crores
Profit as per Financials 88 Lakhs
Book Profit (for MAT calculation) : 36 lakhs
Tax Liability = 0 (due to set off losses of previous financial years)
Current Year MAT: 5.7 Lakhs
What is the income which should be considered while checking the eligibility of Form 29B and whether the same is applicable in this case or not


VIPIN GUPTA
This Query has 1 replies

This Query has 1 replies

Dear Sir one of our client want take gift of immovable property worth Rs 1.5 Cr from his brother in law son i.e Sala's Son i.e wife brother's son is this relation covered under the defination of relative under income tax can he take gift kindly guide