Suppose company buys back its shares on or after 1st Oct, 2024. The amount so paid is treated as dividend u/s 2(22)(f) as per amedned provisions. Whether dividend paid u/s 2(22)(f) of I T Act, 1961 is eleigible for deduction u/s 80M. Kindly advises us.

Respected Colleagues,
Vehicle owned by father but used by son in his business and paid insurance charges by son his current account, now my first ques is whether son will claim insurance charges as expense in P&L and if Repair & Maintenance (petrol, diesel & wear tear) of vehicle also paid by son & claim as expense, then is it in order?

GST wrongly availed but not utilsed , GST department has send notice regarding this,
what will be the consequences of wrongly availed GST input from FY 2020-21 to till date.

Dear All,
Mr. A's matter for AY 13-14 is pending with CIT(A) since 26.04.2016. additional made was 10 lacs and tax determined payable 3.09 lacs. Assessment order was passed u/s 143(3) on 29.03.2016 determining tax payable 3.09 lacs and also penalty for concealment order was passed on 29.09.2016 determining penalty payable 3.09 lacs. Assessee filed appeal before CIT(A) on 26.04.2016 against order passed u/s. 143(3). However no seperate appeal was filed for penalty.

My query
What is the amount payable if assessee wishes to go for VSVS 2024 and files application before 31.12 ?

Sir/madam,
our Engineering college received amount from IEEE for conduct of Seminars under description of "2024 cycle 2 IEEE SPS seasonal school on signal processing in medical imaging: From engineering to clinical diagnostics" IEEE ask tax invoice for this transaction , my query is if this transaction consider under sponsorship IEEE give invoice to us but those are ask tax invoice to us how to i treat it.

HSN code for this service

CAN WE CLAIM AMOUNT OF TDS FOR A.Y. 2023-24 BY FILING RECTIFICATION RETURN UNDER SECTION 154? WE HAD FORGOT TO CLAIM SUCH REFUND WHILE FILING ORIGINAL RETURN?

An HUF consisted of Karta, his wife and three married daughters.
After the death of the Karta, what will be position of the HUF? How and who can file the ITR of the HUF, as not able to register the HUF under wife as representative assessee.

whether in income tax computed as per normal slab for
Intrady profit
Future and option profit and
Commodity profit

whether profit transferred to capital account after paying tax
in case of individual, LLP and Company.

One of our client engaged civil construction activites of plant, he received notice for input tax availed for Cement, Iron and Paint items u/s 17(5) ineligible ITC. The major inputs for construction activities is Cement, Iron and Paint. Kindly give any notiification/circulars to reply.