Dear Sir,
There is one HUF wherein Karta expired
Leaving behind wife son and daughter co-parceners

Now son to be made new karta as per mutual understanding
But how to update the same in Income Tax record

please let me know
Thanks in Advance

Regards

Suppose Mr. X is a digital signatory in a Company for issuing Form 16 and submission of TDS return 24Q. Now, if any misstatement or concealment of fact happens in the TDS return 24Q, how far the digital signatory will be held responsible for that ? Will he/she be subject to penal proceeding or prosecution ?

We have been issued a notice U/s 74(1) for violation of Section 16(4) for the FY 2018-2019.
The due date of availing ITC for the FY 2018-2019 was 20-10-2019 but our March 2019 GSTR-3B was filed on 22-10-2019
The department has imposed a Tax of Rs. 414816.33 and also the additional penalty of Rs. 414816.33 which makes it total of Rs. 829633.
Now we have 2 questions :
1. Can notice be issued U/s 74(1) for merely violation of Section 16(4) because in my opinion it is not a willful evade of taxes.
2. Can Notification No. 18/2022 dated 28-09-2022 which increase the time limit to avail ITC to 30th of November used to avail ITC of FY 2018-2019

Can 20% TDS deduction made on non-linking PAN be claimed by deductee?

Can a Director lease out the house to The Company and live in the same house?? Rent/lease amount is as per market value only. The Company is closely held company and Director is the shareholder of the Company as well.

Can this arrangement be done? If there is any impact in Company's act also Kindly let me know?

Hello,
Can a Foreign Company with no PE but has a PAN can request for a lower Withholding tax certificate.

Sir, whether HSN code is mandatory for a dealer whose annual turnover is less than 1.5 crore ?

I sold open plot of land in 1.40 crore. Indexed Cost of purchase is 0.24 crore. LTCG is Rs. 1.16 Crore. I want to save capital gain tax by following exemptions.
I have purchased Tax Saving Bonds (54EC) of Rs. 50 Lakhs and want to purchase new residential house value of Rs. 70 Lakhs (Sec 54F) . Thus total investment comes to Rs. 1.20 crore.

Queries
1. Can I claim both deduction u/s 54 F & 54 EC ????
2. If investment in bonds partly and investment in new residential house party is possible??

Please help.

A Pvt Ltd Company gives a loan B Ltd Company. C Ltd Company holds 100% shares in B Ltd.
In A Pvt Ltd, an individual shareholder possesses a 40% stake and concurrently holds a 17% share in C Limited. Simultaneously, the spouse of this individual shareholder, who owns 10% of A Pvt Company, also holds a 15% interest in C Limited.
Whether this scenario falls within the purview of Section 2(22)(e).

Sir,

I want to know the applicability of TDS under section 194C / 194R. My company have availed package tour of Rs. 20,00,000 from a tour operator. Invoice was raised in the name of the company by the tour operator. As it was a package tour liable for TDS under section 194C and the same was deducted by the company. But this package tour we are proving to the architects each case it was exceeding Rs. 20,000. Here, I want to know whether TDS under section 194R was again applicable in this situation?