My client's father filed the land acquisition reference in civil court for enhanced compensation for land acquired by govt and same was decided in favour of my client's father, further he filed execution petition in the said court for recovery of enhanced compensation. However during pendency of said execution petition the client's father died and before his death he made will deed in favour of my client allotting him the entire compensation. Before the concerned govt office make payment of enhanced compensation, my Clint inform them about the death of his father and submitted death certificate, Registered will deed and requested them to allot the compensation amount to my client. The said office gave the entire amount to my client but they credited TDS amount in the PAN card of late father. The interesting fact is that my clint's father died in Dec 2016 and TDS amount credited in AY 2018-19. Now what is the remedy for claim the refund of said TDS. My client was already registered as legal hair in the income tax portal. Is it possible to revise the TDS return of said office and the TDS credited on late father's name can be transferred to my clients PAN?????

one of our clinet business is renting flats with other facilities. He is filing this income as business income under income tax act. is this income exempted from gst as it is given for residential dwelling even if it crosses 20 lakhs ?.
thanks in advance

ITR is already filed, Is it mandatory to file again the ITR in response to notice u/s 148 ..?

IF I HAVE SALARY INCOME. I TAKE LOAN FROM MY PARENTS FOR MAKING BUSINESS OF FINANCING ON SMALL BASIS. I GIVE LOAN BELOW 50000/- AND TAKING CHEQUE FROM THE BORROWER. I OFFER THE INTEREST INCOME IN MY RETURN AND ALSO TAKE INT EXP WHICH I HAVE TO BEAR. WHETHER I HAVE TO TAKE LICENSE FOR FINANCING OR CAN I DO IN NORMAL WAY.

Sir
We are a Public Limited Company. Our Executive Director is paid Rs. 17000/- towards Flexi Allowance.
This Allowance is for reimbursing him expenses incurred on Hotel Lunch/Dinner with Business Associates. He submits bills and claims the amount. But Total Annual Reimbursement can not be more than 17000*12. But if he claims less in one month then he can claim more than 17000 in the next month but annual limit of 17000*12 can not be exceeded.
What about Taxability of this allowance. Basically this is reimbursement on production of bills. But in books it is mentioned as Flexi Allowance.

Same way he is paid Rs. 5000 per month towards Uniform Allowance. He submits the purchase bills of any clothes and gets reimbursement. In books it is mentioned as Director Uniform Allowance.

But actually he gets reimbursed on production of Bills.
Confirm its taxability also. He gets regular salary per month including above mentioned allowances.

I am having business of labour contract. I also lending some money as loan to our labourer and their relative on interest. whether I can give loan on interest basis or not. whether the interest income is legal or not. I also offered this interest income in my return. please give urgent reply.

A fixed deposit made for 90 days and on the maturity date i.e., before the end of the year ,the fixed deposit is not with drwan,at the end of the year ,how to treat the interest and fixed deposit in accounting

Dear Sir/Madam,
I have a doubt in regard to taxability of a Charitable Trust registered u/s 12A filing ITR-7 and claiming exemption u/s 11.
The Trust could not file its Income Tax Return for FY:2017-18 before specified date u/s 139. Hence, it cannot claim exemption u/s 11. What should be its taxable income in such case? Whether it is donations received or the income over excess expenditure?

Dear All,

Can you please advise on the tax impact (GST) of sale of leasehold improvements by the lessee to the lesser on termination of lease.

Hi-I filed my father’s ITR on time which was received by CPC office in October by post ( they sent me a mail confirming receipt ) . Its been 3 months now and the ITR is still not processed . I have no idea why its taking so much time this year . Please advise