Hi Experts,

My Father has passed away on 2021.

We have a land and building on my Father's name which cost as below

Purchase of Land during 1987 Rs. 15000.00
Construction of Building with major and minor improvements Rs. 700,000.00
Re Construction of Building - by Availing Mortgage Loan
of Rs 20 lakhs Rs. 25,00,000.00

Total Cost of Property ( At cost Spent - market rate not considered) Rs.32,15,000.00

MY QUESTION IS

AFTER THE DEMISE OF MY FATHER, WE HAVE GOT THE LEGAL HEIR CERTIFICATE WHICH STATES THE LEGAL HEIRS ARE

MY MOTHER;
MY ELDER SISTER, MYSELF AND
MY YOUNGER SISTER

SINCE IM DOING PROFESSION AND PAYING INCOME TAX AS WELL AS THE ENTIRE LOAN AS STATED ABOVE ( TAKEN FOR PROPERTY)

MY QUESTION IS , WHETHER CAN I ADD THE PROPERTY IN TO MY FIXED ASSET SCHEDULE?

IF YES MEANS, WHAT WILL BE THE RATION?

SINCE IM PAYING THE 20 LAKHS LOAN TAKEN BY MY FATHER

WILL THERE BE ANY CHANGES IN RATIOS WHILE CONSIDERING THE PROPERTY

I am a member of the Soc & paying regularly Soc charges but recently Soc has started asking for balance payment &interest.I have given them last 3 years payments details.
I am asking Soc give me details of the balance payment & for what it has been charged .
They couldn’t find & they have started changing me the interest.
I will be thank full if u guide me in this matter

In cases where there are two buyers, we need to file two 26QBs. But I have confusion about what to fill in under the head 'Total Property Value'. If the property value is 1 crore and my husband and me are buying it jointly,
(1) Should we fill in the column as 50 lakhs in our individual forms or
(2) Should it be shown as 1 crore in both the forms? If the 'Total property value' is shown as 1 crore in both the forms, will the TDS be deducted twice?

If (1) is the right option, and suppose the total property value is 80 lakhs, which is jointly bought by a husband and wife, it needs to be filled as 40 lakhs each in both their individual 26QB forms. But then, since the individual amount is below 50 lakhs, it becomes such that TDS need not be paid.

So, kindly advise me as to which is the right option. Thank you.

The TAN is MRIU00428B. On 01.04.2023,TDS remittance of Rs.50,000/- had been made vide CRN-23040100040443 , the amount had been debited in the respective bank Account, but the challan has not been yet generated. Further, the Challan is still under ‘Generated Challans’ and the status of challan is showing ‘awaiting bank confirmation’, but the remitted challan are not available under ‘Payment History’ . Also, it is informed that the grievances have been submitted on 06.04.2023 in this regard. The CRN-23040100040443 has been expired on 16.04.2023. The above facts have been informed to IT dept via email.Hence,it is requested to suggest to download the remittance challan from the e-filing portal or the whereabout of the amount of Rs.50,000 which has been drawn from the bank account .The above amount has not been yet re credited in to the bank.Further, I request that what I can do do?

University has no PAN and wants to take PAN but there is an issue regarding status of assessee.
It will be Artificial Judicial Person or AOP or Trust
As the objective of the university is not for profit, please guide regarding this.

For a Private Limited Company having turnover of Rs.500 CR

My questions is whether Internal audit is compulsory ?
If yes then should it be conducted by Chartered Accountant only ?

Unable to Amend the B2Cs data of January_23 in March_23 GST returns.
Issue faced: Error! B2CS Amendment already exists for the original month in different return period.

Sir/Madam

My client deals in second hand rice mill machinery business. They purchase Used machines from bank auctions, inoperative rice mills and the same are sold to another rice mills with or without repairs. They purchase from all over India. They are registered as Regular GST Dealer.
My queries are
1. Do they need pay to pay RCM on purchase of machinery (inter state) from Unregistered Dealer?.

G mrng experts
Received bill for soft skill , communication training & for basic computer skill classes taken for students for a week by a training institute there bill includes training materials cost also total inv value (1,65,200/- for training class 1,51,200/- & material cost 14,000/-) now my question is whether TDS applicable for this situation or not if applicable means what % .

TDS applicable on full invoice value or it will applicable only for the services value (which means excluding material cost) Experts kindly advice me

Thank you

A Joint Venture agreement was executed in the year 1988 on Rs. 100/- stamp paper for development of immovable property in Mumbai.

Query:
In the year 1988 was the said Joint Venture agreement was eligible for stamp duty and registration (if yes at what rate.)