Sai Akhil
21 February 2024 at 19:15

Rental income from joint properties

FACTS:
There are some house properties and vacant lands that are jointly owned by myself, my sister, and my mother. Rent is being credited directly to my mother's account based on the NOC given by my sister and myself. We don't want to claim anything from that rent. These properties were inherited equally by all three of us from my Late father based on Hindu Succession. TDS where applicable is also being deducted by the tenant only in my mother's name.

DOUBTS:
Whether the income from rent need to be shown in the ITR of all co-owners or only in my mother's returns? Is this a case of diversion of income by overriding Title or merely an application of income?


Chintan Kareliya
21 February 2024 at 17:51

HSN List in Gujarati language

Hello , Can anybody help me to provide HSN list and rates in Gujarati language????


dipsankar
21 February 2024 at 16:34

Society renewal

Sir,
My query is
If a society is not renew the certificate(society Registration certificate) last 6 years so what can happen & how to solved it . Is there any process to solve.

Thanks.


MURARI PRASAD SAHU
21 February 2024 at 15:58

RCM OR NOT

Hello Sir,
I am a GST Registered Trader of Fly Ash.Kindly informed me that whether Fly Ash supplies (vide HSN Code 2621) attract the GST section 9(4) or 9(5). I supply the Fly Ash as a Trader only to the Registered Person.
My question is whether I have to pay tax on reverse Charge on purchase of Fly Ash from unregistered.
Kindly suggest me in this regards.
Thanking you,


Alliance Tax Experts
21 February 2024 at 15:16

ITC DISALLOWED DUE TO LATE FILING

ITC Claimed in GSTR-3B Filed beyond time-limit as prescribed in Sec.16(4) of MGST Act,2017 FY 18-19...

What is the solution?


jayesh khokhariya
21 February 2024 at 14:55

GIFT from relative from abroad

How much gift a brother can receive in india from his brother reside abroad via bank transfer in Yearly basis.


Javed Memon
21 February 2024 at 13:27

Income Tax Cash Purchase Limit

Respected Sir

The Cash Expenses Limit in Income tax is Rs.10,000

My first question is - is this limit Include Purchase of goods
If we Purchase goods for sale more than 10,000 then we have to pay this amount other than Cash ???

And the Second question is if we declare our income under presumptive u/s 44ad than also this rules are applicable ???


praveen Nautiyal

Sir,

Please Tell us bearer Cheque limit as per income tax.


Ashok
20 February 2024 at 23:07

Which amount TDS liability

Sir, we made advance payment of Rs. 1 crore on 03.12.23 to buy a machine worth Rs. 2 crore, but no TDS was deducted, now today invoice received, so which TDS and late payment penalty will arise, and which amount. Kindly advice.
Thanks


rahul jackson

A company is planning to strike off as it is not willing to continue its business operations. They are considering conducting a share buyback during this phase while filing nil returns. Would a share buyback impact the strike-off process, considering there are transactions involved in this action?






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