if some one have turnover less than 20 lakhs , is running hotel will per day bill 2200 ,will leiable for GST payemnt ??

As per Income Tax Act Section 56(2)(X), Gift Received from Relatives Exempt from Tax. Relative Definition expressively include "Aunty" as Relative.
So, the Gift from "Father's Brother's Wife i.e. My Aunty" to "me" is Exempt but Whether Gift from "Grand-Father's Brother's Son's Wife i.e. My Father's cousin Brother's Wife i.e. My Cousin Aunty" to "me" also Exempt?

Is "Linear Ascendant" include "Cousin Brother and his Wife" as Relative of "me"?

Can Anyone give me exact meaning of "Linear Ascendant"

Will HUF pay any consideration if it acquires a sole properitership business and properiter is co parcener in HUF? Is there any tax benefit of doing it?

As an employer, I want to deduct TDS u/s 192 B from employees from 1 st October. Any issue as consequences??? Will it violet any ruling ?

Special Features of Omaxe Dwarka
The special features of Omaxe Dwarka are worth appreciating. It is the place best suited for business as well as shopping. The power backup facility ensures uninterrupted electricity, which is the source of business excellence and convenience. Well-kept parks are places where you can relax during hectic city life.

Safe and Secure
The car parking facility is sufficient and safe, too. It takes car parking problem away, which is the biggest issue in the city area. CCTV access with security personnel in charge ensure safety and satisfaction of visitors and occupants. The modern fire fighting system adds to the safety and comfort of the people.

Strategic Location and Walkable
The project is strategically located and very accessible. It is in the city’s heart from an accessibility point of view. It attracts people who come to visit the place.

Luxurious Workplaces
The complex consists of plush office spaces that motivate work and provide the comfort that a business establishment requires. These are equally spacious and furnished with the amenities that a modern business needs. Sure, please make sure to save the following text:

For more details, visit
https://therealtyinfo.in/property/omaxe-dwarka-delhi/
For more details:therealtyinfo.in/property/omaxe-dwarka-delhi

A party dealing in minerals and liable to pay royalty for conducting their operations did not pay the GST liability on this royalty in the past year. They have now received a notice requiring them to pay the GST along with interest. The concern is whether they are liable to pay the interest since the royalty falls under the Reverse Charge Mechanism (RCM) and no input credit has been claimed. Are they still required to pay the interest on the overdue GST?

Furthermore, the party's concern is whether they can claim ITC for the past years, i.e., 2019-20 and 2020-21, for which they are liable to pay tax now.

Any insights would be greatly appreciated."

Respected Experts, I had filed a case before the Central Administrative Tribunal for the payment of loss of interest and cost towards the belated sanction of my pension. The Tribunal has allowed and I had been paid with Rs.3 lakhs towards the loss of interest and cost Rs.10000/- Whether I had to pay the income tax for this amount as it is an award granted by the Tribunal after a case being filed before it? Kindly oblige. Advance thanks to the Experts in anticipation.

I have speculation income from (intraday share trade )of 5 Lac and T/o 568000 and business loss (F&O) of 7500 and T/o of 11658. How I show profits in ITR 3?
Under P&L a/c in 65 & 66 column of ITR 3 it says
1 Presumptive income which has only business income and no speculation colourblind
2. No account case where both business and speculation can be shown.
Have STT of 185000 and GST/CST of 25000 not allowable for deduction under short term gains.

Cases:
1. If whole speculation income shown then tax liability will be high and if apply 6% formulae or show higher say @25% then can reduce. But if income from business and speculation crosses 250000 message shows that balance sheet need to be submitted along with filing.
Advice what income ideally to be shown and how in ITR to avoid future tax disputes and clarify.
Thanks

We are manufacturing unit , now we want to give whole plant on rent to another manufacturing unit and we will receive fixed monthly rent. In this regard my question is that under which head rent income to be shown ?? under the head PGBP and claim depreciation on plant and machinery or under the head CG and write off depreciation to capital account ?

Sir/Madam

I have little bit confusion that is any requirement of CA Certificate in case of any assessee made F&O on daily basis for filing of income tax return??

Is any statutory limit of profit and loss for getting ca certificate??

please share me any link for detail reading.

thanks in advance