My father expired in october 2022. He left behind some term deposits which are going to expire in sep 2024. These term deposits bear an interest rate of 9% so I do not want to break them until maturity.

If I do not break the term deposits, in whose ITR should the interest be added?

If I register myself as a legal heir can I file my deceased father's ITR for the financial years of 2023-24 and 2024-25 and also claim TDS?

Can the same person be the legal heir of both his deceased parents?

Dear,

Greetings of the day.
Please help in the below issue.

Employer offered 15Lakh Salary upon a 2 years bond, if he did not serve the job for 2 years and break the bond he have to refund 4Laks rupees to employer.

Due to some reasons he left the job and paid back to employer 4 Lakhs. The TDS is deducted on 15Lakhs.

Employee asked his employer to mention 4Lakhs in FORM16 but employer denied and saying "deduction for not serving the agreed tenure, these deductions will not fall under tax exemptions".

As employee already paid TDS on total 15 Lakhs now is it possible to take tax advantage on that 4Lakh recovered amount?

Please help

Thanks

If a German Company is providing Construction service to a Indian Company under Lease Operate and Maintain Model (LOM) model, then the revenue from such contract will be recognised as Financial Income or Operational income.

Dear Sir,
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My Client Purchased Lifetime Membership of a Club in 1995 at Rs. 40,000 which he then sold at Rs. 5,00,000 on March,2023.

I wanted to ask whether this transaction would attract Capital Gain Tax or I should put it under Income from Other Sources?

Also whether Lifetime Membership purchased is Capital Asset under the provisions of Income Tax Act,1961?

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is service liable for GST for collection of GATE entry fee for APMC
HSN if yes
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Where we have to show this amount in GST R 9 & 9C as well as in Balance sheet.

Hi, I file my income tax under section 44ada
I have some stocks in my demat from March 2020, which are in loss of 80k at the moment.

If I book loss in my stocks, will I be able to set it off against profit from my profession (I am a website developer).

Or I have to carry forward loss?

Any other way to set off this loss with my income?