Ankur Aggarwal
17 September 2024 at 16:27

Minor Daughter - SSY

Hi,

I have 2 daughters, 7 months and 3 years old. Me and my wife are both salaried professionals. I want to invest in Sukanya Samriddhi Yojana (SSY) for both my daughters. Me and my wife already invest in our own PPF's. I have a few queries:

1. Can I pay in SSY for both my daughters ?
2. Can I pay in SSY of one daughter and my wife can pay in SSY of the other daughter ? If my wife is paying in one daughter's SSY, she has to be made the legal guardian for that daughter's SSY?
3. Can my HUF pay in SSY of my daughters ?
4. Can my father's HUF pay in my daughter's SSY i.e grandfather's HUF paying for SSY of granddaughter?
5. Can my father pay in my daughter's SSY i.e grandfather paying for SSY of granddaughter?
6. When the account turns 21 years, the maturity proceeds will be given. Will the income generated by this amount be clubbed with my income after 21 years?

Thanks in Advance.


SIDDHARTH MAHESHKUMAR SHAH
17 September 2024 at 13:33

Fixed Asset Book Twice in FY 2021-2022

The matter is as below:

In an Charitable Organization, one fixed asset of Rs. 10 lacs is booked twice in FY 2021-2022. So one amount can be reversed in now as it was twice booked. Depreciation is charged on both amount from FY 2021-2022


RAVINDRA KUMARpro badge
17 September 2024 at 12:56

Can a homemaker become Karta of HUF ?

can a homemaker become Karta of HUF ?


Krishna
17 September 2024 at 09:56

Tds on payment to NRI on sale of property

assessee has purchased a property from NRI of 6 cr & deducts a tds @ 23.92% I. e. Rs. 14352000. however Cpc calculates a tds of Rs. 15600000 & sends the assessee a short deduction notice of Rs. 12.48 lacs.
Assessee write a mail to tds cpc. where they replied that nature of remittance mentioned in statement is not covered under DTAA hence short deduction default has been raised. you are requested to pay the demand.
Is this reply correct?
we have deducted a tds as per income tax Act & not as per DTAA.
please reply


Suresh S. Tejwani
17 September 2024 at 09:12

REGARDING FEMALE KARTA OF HUF

Can a widow and her son create HUF on their own and Such Female member can be karta of HUF?


binu sukumaran
17 September 2024 at 04:39

Repair of vehicle in HSt

Sir.
Can claim Gst on repair charge on company car.
Please advise
With regards
BINU


Hari Vignesh
16 September 2024 at 17:39

Updated return TDS

Can I claim less TDS to file updated return?

If Tax = Rs.30000 and I have TDS deducted = Rs.100000 for FY 2022-2023, can I claim Rs.29000 from TDS and pay Rs.1000 as tax and file updated return? If yes, is there a way to claim the TDS next year?




binu sukumaran

Sir.
Our business is Hr recuitment. In connection with business sir and team going to abroad for interview.
Get get cgst and sgst.
Can get claim.
Please advise


Suresh S. Tejwani

Is there any case study that if order u/s 147 has been passed then such point can be reopened in the subsequent case of same assessment year in different issue?


jayesh khokhariya
16 September 2024 at 11:50

AUDIT APPLICABILITY 44AD(4)

A.Y 2021-22 RETURN FILED U/S 44AD
A.Y.2022-23 TURNOVER 2.5 CRORE AUDIT DONE U/S 44AB
A.Y.2023-24 TURNOVER 1.32 CRORE AUDIT DONE U/S 44AAB
A.Y. 2024-25 TURNOVER 76 LAKHS WANT TO FILE RETURN U/S 44AD
IS IT POSSIBLE ?? OR COMPULSORY GO FOR AUDIT U/S44AD(4)





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