This Query has 1 replies
If by allowing IT act dep and disallow Company act dep. (Dep. as per IT Act is less then companies act dep.) income as per income tax act (115JB) is greater than company act then 29B required to be file?
This Query has 4 replies
Dear Learned professional,
kindly advise if resident company purchase shares from foriegn shareholder, while making payment by bank - tcs/tds to be deduction.
kindly advise
This Query has 1 replies
Dear members
Please suggest whether TDS applicable of Compensation paid to Landlord as per High Court order....
This Query has 3 replies
Dear Experts, While filing the return of income for the AY:2024-25 Form 10IF was uploaded, by mistake and hence deduction u/s 80P(2)(a)(i) is not allowed. How to rectify the same and get the deduction.
This Query has 6 replies
Sir,
I was retired from govt service in 2023 and some fund received by me in form of PF, gratuity, commutation and leave in cashment. This FY I have gifted some money to my two sons which was transferred through RTGS and cheque in two banks. RTGS transfer and cheque amount transaction was below 10 lacs each time. My both son opened FD IN their two banks in 9.85 lacs in each bank.
So each son opened FD 9.85 lacs IN Bank of India and 9.85 lacs in punjab national bank.
I want to know whether notice from IT department may be received by my sons regarding opening this FD.
Money is gifted by father to their son which was received on superannuation (govt employee).
This Query has 1 replies
Sir,
A residential property was purchased in 2021 in the joint names of husband and wife. However, the entire payment for the property, including TDS, was made by the husband only. Accordingly, the property was recorded in the husband’s books of accounts as 100% ownership in his name.
Now, in 2025, the property has been sold, and the buyer has deducted TDS in the husband’s name only. The entire sale consideration has also been received in the husband’s bank account.
However, the transaction is reflected in the AIS of both the husband and wife due to joint ownership in the property registration documents.
Kindly advise — For feedback to be given in AIS ? and paper work to be done for any litigation in future
This Query has 1 replies
What is penalty for late filing of 10BB?
This Query has 7 replies
Dear Sir,
Is TDS liable to deduct
(1) on CFS charges for import, payment made to CHA and original bill is provided by CHA by CFS station company. If yes under 194C?
(2) on Fees Paid to CHA, under which section 194C or 194J?
(3) on shipping line charges, paid to CHA but original invoice is submitted by CHA whereas invoice is generated by freight forwarder.
(4) cha also provide his own company invoice charging for transportation charges from port to factory, container tracking and container loading & unloading .
Pls guide on above scenario listed serially one by one....
This Query has 1 replies
If net profit of company as per schedule VI is less then book profit as per 115JB then form 29B is required to file?
This Query has 1 replies
Dear members
I have a query and request you to clarify. Mr.A purchased silver on 22.09.2022. Cost is Rs.1670250. He sold the silver on 14.08.2025 for Rs.3360000. Please inform how to calculate capital gain
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Regarding 29B form applicability on basis of total income