Sir,
I have received Cash from Different Individuals & Relatives in my Daughter Marraige. Which my Daughter has given to me and asked to put fixed deposits and with the interest received to take care for my medical expenses. Whether it will be taxable. or should i get a gift deed from my daughter for the cash received.

Kindly advise.
Nagarajan N

Dear Sir,

ITR has been processed with demand but the related intimation has not been received as yet. What to do in such a case so that INTIMATION 143 (1) should be issued to us ASAP.

PLEASE GUIDE ME AND OBLIGE.

Dear Experts,
I had applied for Refund. My refund has been rejected and an order has been received under RFD 06 to Submit Undertaking for PMT-03 for inadmissible amount.
Please guide what I do as there is no inadmissible amount out of refund claimed. And why they are asking for this ?

Hello Respected CA,

I hold some Foreign stocks Listed in Nasdaq. Now since it is a foreign holding I need to fill schedule FA Table A3.

Table A3 have 2 additional details. 1) For capital Gain(Total gross proceed from sale or redemption of investment during the period) 2) Any dividends earned (Total gross amount paid/credited with respect to the holding during the period)

Now as per the document, Schedule FA details need to be entered as per Accounting period and for which it is Jan - Dec since US follow calendar year. Also dividend received were already tax deducted. But since we need to show the dividend in "Schedule OS" with special rate and it is DTAA case where we also need to show quarterly breakup (in point 10).

Query is Should we show dividend of April - March or Jan - Dec?
Also Schedule FA should we add Jan - Dec or April - March dividend?

I want to file ITR of my deceased father. I went to register as representative assesse on the new portal . It asked for number of legal heirs , which is 3 in our case. It also asks to attach pdf of notarised affidavit before each legal heir details. I have the following queries:

1. which notarised affidavit is to be attached, also is it mandatory to attach ?
2.In the bank account details of legal heirs , is it necessary to add all the bank accounts of all the legal heirs?

Dear Sir,

One of my client is holding shares in American stock market and has received dividend from Shares. He got dividend in dollars after certain amount of tax deducted in America. He then transferred the amount in his Indian bank account which accounts for Rs. 4 lacs if converted in rupees.

Will this dividend be taxable in India. He falls under highest tax bracket in India as he receives salary in India.

Please help me in this matter.

Regards,
Divyesh Jain

Sirs, Short Term Capital Gains from DEBT MUTUAL FUNDS/LIQUID FUNDS are taxed at the normal applicable rates. In which part of the Schedule and under which head are these gains/losses to be shown? There does not appear to be a specific place for this

Sir,
It assessee cash loan to debtor outstanding ledger balance amount rs:50,000/- as on dt:31-03-21.
If assessee rs: 1,50,000/- amount cash loan received from debtor dt:28-09-21 through on cash mode.another date rs:1 lacs balance amount paid through on online mode.
Question:

Above transaction accepted in it act.

Hello all.
Is late fee 234F levieble on filing belated return, even if aggregate income is below 5 Lacs.

Thanks
ASAP

Sir,
One of the business assessee purchase of goods from different supplies credited based after payments transactions through on online mode (bank) paid.but assessee some payments through on wife and son bank accounts paid.
Question:
Assessee payment through on wife bank account and son bank account transactions how the show procedure in books.