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B. vignesh
24 June 2024 at 13:26

Income under the head- Salary

Cos of living allowance is taxable or not for working in abroad and the salary is received as Indian money in Bank account maintaining in India


ARCHANA
24 June 2024 at 13:08

Deemed Acceptance of LUT Means

Sir/Mam,

We have applied Lut FY 2024-25 in March 23-06-2024 and Received ARN Number. we are using same ARN Number in Export Invoice

Yesterday we have received Deemed Acceptance of LUT Form GST RFD 11 with Order Number.

Deemed Acceptance LUT Means,

My doubt is LUT ARN Previous we have to use the same in Export invoice or Deemed Acceptance LUt Order No.

Please kindly explain and clarify my doubts

Thanking you,


Ganesh Potturi

Hi, Can you please help me with this error occurred when filing of FY23-24 24Q Individual.

T_FV_6351 Applicable and Mandatory For Financial Year 202324 onwards 'Other special allowances und


Abhishek Aggarwal
24 June 2024 at 11:24

Error while uploading GST refund.

I am also getting the same error while uploading the refund json viz "The return period in uploaded JSON file does not match the return period for which Refund application is created".


Mahabir Prasad Agarwal

Sir, I have already a PAN card but with wrong signature. I have to apply for a New PAN card with correct signature. Can I apply online for the same ? If yes, how ?


ITRFiler

I am an OCI (non resident Indian). My father (a Resident Indian) gifted me his share in a property in India through a registered gift deed in January 2024 and we paid stamp duty on it. This gift transaction is now showing in both his and my Annual Information Statement (AIS) for FY2023-24.
Questions:
1. Does my father need to report this gift in his ITR2? If so, where is it to be reported?
2. Since this is a gift from a close relative - father to son, my understanding is there is no gift tax implications for either my father or me. Is my understanding correct?
3. Are there any capital gains tax implications for my father? Does he need to pay capital gains tax on it ? He purchased the property in 2012 and gifted to me in January 2024 for no consideration..
4. Do I need to report this gift in my ITR? If so, where is it to be reported?
5. I typically do not file tax returns in India since my India income is below the threshold. Do I need to file an ITR this year only because of this gift transaction?


keyur

Sir/Madam

I have one question regarding off market shares transferred to spouse account during the fy-2023-24. This share are sold by spouse after transferring shares from her husband.

Now we have to calculate capital gain tax of sale of off market transaction. In this case what is the date of purchase for calculating capital gain tax?? Date of purchase of Husband? or date transfer shares to her demate account??

And to whom capital gain is taxable ??? Husband or her spouse. shares are sold from her demate account.

thanks in advance


jayesh khokhariya
24 June 2024 at 10:02

44AD VS 44AB

Partnership having turnover around 60 lakhs filing first time income tax return than is it compulsory to carry out audit if shows profit lower than 6% as per 44 AD ( as 44AB Limit is 1 crore)

or

Can we file return showing lower profit below 6% with profit and loss account and balance sheet assuming not opting for 44AD


memon javed
24 June 2024 at 07:22

Job Work GST Rate

What is Gst rate for job work for Hijab ( Burkha)


k chakraborty
24 June 2024 at 04:34

Online purchase without gst details

will there be any penalty if a gst registered business purchase from another gst registered business without providing gst details? That is if the invoice issued does not mention GSTIN of the buyer?







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