Dear Sir/Madam,
A friend of mine in England (now deceased)has named me a beneficiary in his will.Inheritance taxes will be paid in England and then money will be transferred to my account in India.
My query is-
1)Do I report the amount in my ITR ,if yes then under what heading?
2)Will this amount be taxable in India, if yes then can I use DTAA scheme as tax is already paid in England.
SCENARIO 2-
1) If I was a non-resident for the year the money was transferred, will it make any difference for tax purposes?
2)Should I ask for transfer to my NRE or NRO account?

Our client is selling the goods through ecommerce operator i.e. AMAZON and the Amazon collects the payment on our behalf and send the payment to us after deducting misc. charges like Easy Weight Handling fee/Listing Fee/Fixed closing fee/Sale of space for advertisement etc. alongwith Amazon also Deduct TDS us 194 O .
Now our query is that whether our client is also required to deduct TDS under other provisions on Misc Charges/Expenses etc. as above mentioned deducted by Amazon. Our client has not deducted the TDS.
Whether any certificate of Non deduction of TDS is required from Amazon.
Pl guide .

Sir/Madam

I want to know that when we made online request for transfer PF balance from one PF Acct. no to another PF no then pension balance is parrerly transfer to current PF no??

Suppose pension balance not transfer and only pf balance transfer then what should i do??

Please clarify me

Govt company has received a grant of Rs.90 Crores which is shown as OTHER INCOME in books. Sales/Turnover is NIL for the company.

Is tax audit applicable?

I am using winman sofware. It does not shows error for tax audit applicablity if other income is more than 10 Crores.

Dear sir

Can i take input credit on building/factory repairing.

If a trust earned accrued interest on deposits but not received in the bank account. Is that interest taxable for the trust? Since that interest not actually received in the bank trust cannot apply it towards objects of the trust.
Interest income is shown on 26AS.

Can trustees be personally liable for trust income tax liability ?

My Client is based out of Aurangabad. He has recently started trading activity.

After starting trading activity my client BOUGHT the goods from Thane and coincidentally SOLD the goods in Thane only and in the same premises from where he bought the goods.

So he requested the original seller to BILL to my client and ship to CONSIGNEE and accordingly draw the E Way Bill. Based on the instructions received the original seller did the needful and booked the sale in his books.

Technically, I can do this - BILL to SHIP to as per GST norms.

Now GST officer has during scrutiny asked for the Lorry Receipt for this particular sell. And as the goods were to be delivered to CONSIGNEE in the same building original seller used local transport who allowed to use his vehicle only for the purpose of E Way bill and charged very nominal amount without giving any LR.

My question is how can i SATISFY the query of GST officer as I am not having LR and actual sale has taken place. If there is any other documents which I can share with GST officer in lieu of LR, request to share the same so that I can help my client in closing his GST query.

I filed the refund application for the month of August today but I forgot to attach duly signed CA certificate with the application. What remedy do I have ? Refund amount is more than 50,00,000/-

Dear Sir,
I have submitted 26Q for Q1 for FY 2023 - 2024 on 2nd Sept-2023.. While preparing return I have added a challan of Rs.96980 but I omitted to add deductee details. There are 17 deductees against the same challan. The TDS return was processed without defaults.
Now have I download Conso file and I have added the all deductees and submitted the correction statement. The correction statement was rejected. Reason was Correction Claimed amount more than balance. But challan amount and amount claimed against deductee was correct.
When I checked the challan status in TRACES Portal it shows claimed amount Rs.0.00 balance Rs.0.00. But when I add challan to correction statement total amount i.e. Rs.96980 was available in TRACES.

Please guide me how to use available challan amount against the 17 deductees