1. If Karta or any coparcener transfers money or mutual funds or shares etc from his account to HUF, will income derived from such funds be clubbed with income of transferor?
2. Will this be an exempt gift in hands of HUF?
3. Can HUF transfer money to any of coparceners/ Karta from its bank account? Will it be exempt Gift?
4. Can HUF run a brokerage business? Will commission or brokerage received be HUF income or Karta's income?

Whether Gain/loss from commodity trades charge under PGBP or Capital Gains ?
If charge under PGBP then it will be consider as speculative or non - speculative ?

TDS entry US 194C has been shown in Form 26AS but TDs not deducted(less than 10 vehicle)
Should we need to put entry of TDS in ITR filing (tds not deducted)???
Or shown above entry under exempt income????
Or left the TDS entry????

We are a Pvt.Ltd. company and receives services from registered GTA. We paid GST @5% under RCM. are we eligible for input credit of this RCM….?

Are expenses by cash payment for material civil work (flooring, tiles, marble work, water proofing, etc.) allowed as cost for improvement. As this pertains to years prior to 2005, it was at that time hard to get civil work done during those years by solely cheque payments,

I want to know why a companies act 2013 does not permit companies to issue irredeemable preference shares I want to know the logic behind it.

The government has increased the GST rate to 18% from 12% wide notification number 15/21 Dt.18.11.2021 for government contractors.

our sales value is included a GST rate of 12%. as per the contract.

i.e. Sales value of Rs.100/-, 12% GST is included in the sales value means our sales value is 100-12 = Rs. 88

Now the GST rate is increased from 12% to 18% and our sales value is 100-18=Rs. 82

As a result, our sales value is decreased from Rs. 88 to Rs.82 and GST 18% on the difference of sales value of Rs.6.

we lost Rs.6 + GST 18% on the total contract value.

Please guide me how to get rate difference from the client.

Dear Experts,

I am deciding to include my "housing loan interest expense" to the "cost of purchase", as it is a significant amount of nearly 5 lacs. There are various judgements which point out to the fact that interest expense can be claimed if it has not been claimed earlier under sec 24 of income tax (loss from house property). My question is whether this total interest expense can be indexed, just like the cost of improvement.

Example:
Interest expense: INR 1 Lacs , year 2005,
Interest expense, INR 1 Lacs, year 2006
Interest expense, INR 1 Lacs, year 2007
Interest expense, INR 1 Lacs, year 2008
Interest expense, INR 1 lacs, year 2009

If say property is sold on 29th March 2020, than can take interest expense of 1 lac in 2005, as 1 lac x CII = 1 x (389/117) = 1 x (2.47) = 2.47 lacs.

And similarly for other interest expenses after considering CII.

Requesting your advice urgently .

Dear Experts,

Have received Dividend from Tata Chemicals after deduction of TDS but it’s not appearing in form 26AS. While filing Returns ( ITR2) how can it be reconciled as there will be a mismatch between the TDS amounts and delay in processing of return.

Thanks in advance 🙏🏻

If shares are transferred to wife as gift, then are all gains arising out of such transactions exempt under IT Act? If so, under which provision of the IT Act?