Arvind Mishra
27 February 2024 at 14:53

Transfer Flat to Brother (Tax Compliance)

Dear Sir,

I had one Flat(i.e. at virar) on Joint name 1st my name and 2nd father name, now i want to transfer this flat on my brother name with out any consideration.
Please guide quires as follows:
1) Any Tax need to pay on the same of property ( even i have not taken any money)
2) whether any stamp duty need to pay on this type of property Transfer to blood relation person.
3) which type of agreement need to made for the same type property transfer.

Thanks


bhoomika bothra

Hi,
My status in SSP portal is CONFIN23.
1. Am I eligible directly for new course? Or do I need to convert?
2. Do cds ship study material internationally? (Say California)


Firoz
27 February 2024 at 14:07

GRANT IN AID treated as Income

hello, i m Firoz from Bhopal. The Income Tax AO is treating the Grant in Aid as Income and the deduction of Producer Company u/s. 80PA is also not allowed by the Ld AO. Can you guys please help me with this by providing relevant citations / decisions given by IT tribunal/Courts of India.


Ajay S.Yadav
27 February 2024 at 13:33

CSR Non applicability.

One of My Clients had crossed the threshold limit of profits mentioned for the applicability of CSR as mentioned in sec 135 CSR, in the FY 2019-20
Hence CSR was applicable to my client for the
FY 20-21
FY 21-22
FY 22-23
And accordingly 2% of avg past 3 years profit was incurred for CSR Expenditure from FY 20-21 to FY 22-23.

Now the Client has not crossed any threshold limits as mentioned in section 135 of Companies Act 2013, from FY 20-21 , will the CSR provisions still apply to the client for the FY 23-24? Please response as per latest Law , Rules and Regulation.


Kalpana Indurkar
27 February 2024 at 12:19

Deduction of TDS on contract purchase

hello sir,
my query is I am working in a school trust recently my school purchase fixed assets of valuation more than 500000 through tender process. After completion of process the contract is given to the lowest bidder and the assets where purchase. Shall we deduct TDS on payment for the purchase.


Gangadharan nair
27 February 2024 at 11:59

ARREARS OF SALARY DEPOSITED IN PF

NO SALARY RECEIVED IN TWO+ YEARS AND AFTER THAT RECEIVED THESE SALARY IN ARREARS BUT DIRECT TRANSFER TO PF. HOW THIS INCOME IS CALCULATED IN ARREARS AS ALL THE SALARY MOVED TO PF.WHAT IS HIS TAXABLE SALARY FOR PREVIOUS YEARS.
EX. A RECEIVED SALARY FOR FY 23-24 TAXABLE INCOME 400000, HE HAS NO SALARY FOR 21-22,22-23 WHICH WITH RECEIVED 1200000 IN 23-24 AND DEPOSITED IN PF. HOW IS THIS CALCULATED FOR ARREARS AND TAX.


AUDITORS EDAPPAL

WHETHER WE CAN OPT FOR 115BAC WHILE FILING UPDATED RETURN FOR AN ALREADY FILED ORGINAL RETURN UNDER 115BAC WITHIN DUE DATE.


umesh jadhav
27 February 2024 at 10:33

EXCESS PAID Sec 195

I have paid TDS in Feb 2024, but I have excess paid under section 195. So the excess paid amount I can adjust those amount in next month TDS payment.

Sec 195 amount I can adjust with other section?


Rahul Raj
27 February 2024 at 10:29

Capital Gain Exemption income tax

A property (House property) that is owned by a proprietor firm. The proprietor wants to sell it. now the question is how can capital exemption be claimed by the proprietor.


CMA Pravat Kumar Parida
27 February 2024 at 09:48

REGARDING ITR U FILE.

WHEATHER I CAN FILE ITR U AGAINST AY 2022-23 AND AY 2023-24