Can I deposit Rs. 10 Lakhs in cash into my daughter's account, and then she can transfer it back to my account?
Does it violate any rules?
Is it attracting any notice or issues from the Income Tax or any other legal issues?
Kindly advise
Taxpayer is a market research organization.
Whether ITC can be claimed in following cases
1) digital signature
2) Tally Software Services (TSS) annual renewal charges
Kindly guide.
Hi,
I have amended Fy 2024-25 LUT export service invoice zero rated in fy 2025 sept GSTR 1. My query is its is not reflecting in IMS and also not in sept month GSTR 3B is it correct. Should i enter this differential amount only in GSTR 3B or not required. What else we have to file. My turnover in under 2 cr.
sir.
Let's me know , whether partner salary is compulsory if firm is profit.
In a firm there is two partner and they contribute ( capital ) is more than profit .
Please advise
with regards
Binu
Sir, I have a partnership firm, working as a Channel Partner and provide Sales and Installation of Solar Rooftop Panel to customers. Can I get benefit under section 80-IA? Kindly guide me...
I am buying a flat from an NRI seller. There will be two agreements, one on property, payment against which will be made to NRO account. For 20lakhs, there is an agreement for furniture and fixtures in the house. Can the proceeds for the furniture/ fixtures sales be made into his wife's India account? Will that cause any legal/tax implication for me as buyer.
Respected Colleagues,
A person running restaurant business and now wants to capitalise hotel building in books (Property valuation done by income tax valuer dated 14.10.2025)
my ques is, whether we are able to capitalise in books in FY 2024-25 because property valuation Dt. 14.10.2025 and secondly, if hotel building ready in 2015, how we capitalise in books with actual cost less depreciation till 31.03.2024 in order to claim depreciation in FY 2024-25?
Please guide
Dear sir,
in 2024-2025 1 party raised invoice on me and i not claim the input. i reverse that amount in gstr-3b in others coloum which go reverse and reclaim ledger.in 2025-2026 party done correction
but what to do of amount lying in ledger
please advice with legal view
with thanks
Respected sirs
When client has income by selling books and income from sale of books is being shown in ITR by the consultant under income from other sources. Is it correct? And also kindly enlighten me as to the correctness of showing Income offered for assessment( without mentioning any particulars) under income from other sources in ITR.
Thanks and regards
Interest on outstanding demand effected in accordance with rectified order u/s 154 then whether the interest accrued on demand shall be counted from original assessment order or rectified order?
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Cash Deposit Rs. 10 Lakhs in Daughter Account