Will deemed be attracted in the following arrangement:

A pvt ltd company transfers money in partnership firm as its capital contrirbution in the capacity as a partner and the same amount is withdrawn by another partner who is a director and shareholder in the said pvt ltd company.
But shareholding is less than 5%

If not deemed dividend, does any other provisions/consequences apply in the said arrangement?

In addition to grocery sale (Exempted) to his customers in his shop, my client also supply other hardware taxable goods to Village Panchayat. Whether ITC availed on purchase of such Taxable goods can be reversed proportionately against sale of grocery items (Exempted). ?

Dear sir,
We make advance payment to party for R & D Work what is the TDS Liability. & Also advice now the work is not suceed & paty denied to give a bill.
can we expense out our selves.
please, advice.

Hello I have queries regarding taxation on property.

In this financial year, bought an Under-construction property - joint ownership - home loan EMI ongoing.

1. Is the principal component of EMI deductible under 80C for under-construction or is it deductible after completion certificate in 5 installments like the interest component.

2. After discussing with the developer, the overall property value has decreased . However , since sale agreement was registered and subsequent TDS were paid on demands, what will happen to the remaining stamp duty (on which value will the rest stamp duty be charged on) and TDS correction in 26QB?

I have filled I T Return for Asst. Year 2023-24 in time. Return is processed and Intimation U/S. 143 (1) has also received. I came to know before couple of days that I have forget total claim of TDS in Return which is shown in 26AS at the time of filling I T Return. Now How can I claim TDS deducted for the F.Y: 2022-23?

I HAVE HOSPITAL BUSINESS INCOME 92 LAKH
KITNA PROFIT SHOW KARNA PADEGA ITR ME

Condonation for delay in submission of form 10BB has been allowed by the Commissioner of Income Tax (Exemptions) for the A.Y.2023-2024. Please let me know how to inform to the CPC

Good Afternoon to all

Do we have to show "Transfers from other bank account" as income or can be ignore ? Why I am asking this, this transfer is declared as income in other account..

Kindly do the needful

Sir,
Assessess pan number allowed previous 20 years pan card old .
Question:
Assessess generation new instant pan in it portal allowed .

Whether 43B(h) Is Applicable on those Companies on Which Tax Audit is Not Applicable. i.e. Turnover Is Less Than Tax Audit limit.