A flat was purchased in the name of my wife and son, in which we all family members reside. Whether my unmarried daughter can contribute her own finance in the renovation expenses of the flat ?

I want to start industrial trading business in Mumbai.
Tell me basic procedure

Broker issued tax invoice for commission of sale of goods ..
Taxable 25000
Tax 18% -
So question is do i need to deduct tds on 25000 taxable amount at rate of 2% and deposit till next month 7th date ?

A Taxpayer is seeking advice regarding an Old Tax Demand for AY 2012-13 that has been used to adjust their AY 2026-27 refund
But
Not adjusted and full amount of refund against the said demand was credited to the Taxpayer Bank Account
And
Even the Taxpayer has not submitted any response to the said demand notice issued by department to adjust their demand against refund for AY 2026-27.
According to the Taxpayer, the said demand was not payable, as the relevant taxes had already been paid. In earlier years, the Tax Payer had submitted a response against the said outstanding demand, duly supported with documents/attachments which is still evident from the Income Tax Portal
But
The actual response, supporting documents/attachments and A.O.'s consequential order/reasons are not presently available/visible on the Income Tax Portal.
The physical records are also not readily traceable with the taxpayer.
Please advise next course of action to get this demand officially closed from the Income Tax Portal as it is deemed that no demand is outstanding towards the taxpayer which is evident that the taxpayer received full amount of refund for AY 2026-27 and Income Tax Portal still showing that the taxpayer submitted response in earlier years against this demand although no records are available on the Income Tax Portal.

A PARTNER HAVE HAVE CREDIT BALANCE IN HIS CAPITAL ACCOUNT RS.1500000 . HE WANTS TO WITHDRAW IN CASH FOR HIS PRIVATE PURPOSE RS.400000. IS IT PERMISSIBLE UNDER SECTION 269SS,269T AND 269ST OF INCOME TAX ACT

As we are aware, TDS@30% is applicable to all prize money won on the KBC game show u/s 194B(Old Act).

It may also be observed that every contestant appearing on the show is provided with certain complimentary gifts, such as Desi Ghee and a gold coin.

Out of general curiosity, I would like to know whether the show's producers are required to deduct TDS on the Ghee and gold coins given away for free as well, and if so, under which section...???

In my opinion (I may be wrong) Desi Ghee and gold coins may not fall within the category of "Winnings from Game show", since they are not awarded as a prize for winning the game but are provided to every contestant irrespective of the outcome.

I would appreciate clarification on the applicable TDS treatment of such complimentary gifts,

Applicability of Tax Audit u/s 44AB in case of Pvt ltd Company having Professional Receipts of ₹23 Lakh and Loss of ₹35 Lakh :
Whether the company is required to conduct a tax audit under Section 44AB of the Income-tax Act, 1961?
Does the business loss of ₹35 lakh, by itself, make the company liable for tax audit under Section 44AB?

If Section 44AB is not applicable, is the company required only to:
prepare and file its income-tax return (ITR-6); and
conduct its statutory audit under the Companies Act, 2013?

Where do Trust is classified in Individual, Company or HUF

Dear Experts
I had salary and business income in FY 2023-24, so I filed ITR4 and submitted form 10IEA for opting old regime .
In FY 2024-25, I had only salary income. So I opted new regime without submitting form 10IEA.
In FY 2025-26, I had salary and business income again. So I filed ITR4 continuing new regime as I opted it last year. But income tax department now seeking a clarification for not submitting form 10IEA again this year. They are saying that this year income will be treated as per old regime since business income is there.
I am hopefully looking for your kind advice about how to respond to this query.

whether TDS 194-T is applicable to small partnership firms also , who is not covered under Tax Audit criteria ?