KIND ATTENTION SIR KINDLY GUIDE US TO ,FILE STAY PETITION WITH CHEIF COMMISSIONER OF INCOME TAX , REQUESTIING TO GRANT STAY AGAINST THE DEMAND RAISED ( DEMONETISATION CASE ) FOR THE TAX DUE PERTAINING TO THE DISMISSAL OF APPEAL ORDER OF THE DECEASED ASSESSEE AND LACK OF RESPONSE BY THE DECEASED ASSESSEE LEADING TO PENALTY PROCEEDINGS. AT PRESENT LEGAL HEIR HAS BEEN ADDED AS AUTHORISED REPRESENTATIVE TO FILE REPLIES TO PROCEEDINGS AND APPROACHED THE DEPARTMENT FOR WAIVER OF DEMAND AND PENALTY DUE TO LEGAL HEIR'S STRUGGLE FOR SURVIVAL . THE DEPARTMENT HAS INSISTED TO FILE STAY PETITION WITH CHIEF COMMISSIONER OF INCOMETAX FOR GRANT OF STAY AGAINST DEMAND AND PENALTY ORDER . CAN WE FILE STAY PETITION THROUGH ONLINE MODE OR ONLY IN PERSON. KINDLY GUIDE US IN THIS REGARD TO HELP THE LEGAL HEIR .
THANK YOU SIR.

One client import of goods for business purpose and paid IGST 12% alongwith custom duty to the custom department and Igst reflected under GSTR-2B and we claim IGST amount?

How to make deduction for professional tax from employees salaries, if actual earnings are below earnings as per CTC, how to decide on slab then every month?

Dear Experts,

TDS is required to be deducted if turnover in previous year crosses 1 cr (for business). Will it be required in next year if turnover is below 1 cr?

Eg:

FY 22-23 - Turnover 1.4 Cr - Hence TDS required to be deducted in FY 23-24 since T/o crossed 1 cr in earlier year

FY 23-24 - Turnover 70 lakhs

In this case , whether TDS is reqd to be deducted in FY 24-25 since turonver in earlier year was below 1Cr. Also TAN number is still active.

Pls advice

Regards,

I am a SC, want to buy a land, devlop/build house and sell to a general category buyer. If I do that in my name it will involve prior permission. My questions are:-
1. Can I form a partnership with my wife and do the same?
2. Will it involve the permission to sell to a general category person?
3. What are the legal provision I have to look into before the same?
4. How the gain will be taxed i.e. in which head it will come under?
5. If it is taxed under the head business, then is there iny time limit to selll the house, as there may be a case where selling might take time?

my tax consultant told me that as per the new amendment in the recent budget, the person receiving the cash gift will be fully exempt. however the person who is giving such gift will be taxed as per the individual slab of income tax (not on the full value of cash gift but on the income earned out of the funds invested from the cash gift in accordance to the declaration from the receipient). is it true?

We have one pan based multiple unit / branches all over in India.
We have purchased goods from gujrat state and send same goods to all over India branches, along with gujrat branch.
But transporter raise his transport invoice in favour of our Gujrat state unit. Hence all gst input we taken credited in Gujrat location.
But from 01/04/2025 ISD mandatory. So, availing gst input credit above existing method shall we continue or credit transfer via ISD or cross charges.
2) from 01/04/25 when ISD and cross charges method apply.
You are requested please guide

Nil Refund application for the period October 23 To December 24 was filed by mistake. Actually there is refund due

Now we are again filing RFD 01 by selecting "Any Other Option" under refund application

My question is
Now the refund can be filed for full period Oct 23 to Dec 24 or needs to be filed financial year wise i.e. one for Oct 23 to March 24 and second for Apr 24 to Dec 24

I have claimed exemption u/s. 54 of the income tax act in the asst yr. 2024-25 on sale of my house and invested in new house and claimed exemption. Now I want to purchase another house . What are the implications under income tax regarding this claim of earlier exemption.

Respected sir,
I have submitted a refund request for the excess TDS paid under Challan for the TDS on rent payment.
The refund amount requested is INR 4,089/-, against a total amount paid of INR 13,970/-.

As per the instructions received, I am required to submit Form 26B to the Assessing Officer. In the acknowledgment email, and the status is shown as pending with AO. But no details of AO is mentioned.

I humbly request your help in this regard.