An assessee who purchased a vacant site its stamp value exceed 110% than that actual price paid. Assessee wants to avoid section 56 deemed income due to the above transaction. what is the proceedure ?

Dear experts,

Our company made payment to non-resident, deducted TDS and remitted to government. Form 15CA has been filed. Subsequently, contract got cancelled. We informed to non-resident to adjust this payment with future invoice.
1. In this case, is it possible to adjust TDS deducted and remitted u/s 195 with future TDS deductions?
2. What will happen to the Form 15CA filed?

We Bought a residential plot for which we made a booking on *Jan 2021* along with an advance of 10% payment.

We got allotment letter on May 2021 clearly indicating plot number and everything in detail.
We got registered sale agreement in August 2021 for the property.
Later we kept on making payments as per schedule and got registry done in OCT 2023.

We got possession letter on OCT 2023.

Now in March 2024 we want to sell that plot which is a part of plotted development, as it is without construction will it qualify as STCG on sale or LTCG.

Please give your opinion.

We are seeing on internet that new income tax rule coming that if payment is not made with in 45 days it will be added to income .what is this?

Sir
Mid-Day Meal is supplied to students of elementary level by Mid-Day Meal suppliers, Meal is supplied as per rate fixed by the Government. For example, the rate fixed per student is Rs 12 / per day. The supplier supplies food at the rate of twelve rupees per student on each day. It is a no-profit activity. However, when the payment is made to the supplier at the end of the month towards the supply of mid-day meals, my office has been directed to deduct tax from the amount to be paid to the supplier. My question is -- Since the supplier has not earned any profit in the entire process of supplying meals, is he required to pay tax ????

AN ASSESSEE CONTRIBUTES TOWARDS PENSIONER NATIONAL HEALTH INSURANCE SCHEME & ALSO PENSIONER FAMILY SECURITY FUND . I WANT TO KNOW TAX BENEFITS OF THOSE CONTRIBUTION FOR ASST YEAR 2024-25

Mr A is an individual below 60
He has opted for the old regime
He is a non govt employee (presently working with employer 2)

income/amount received details for FY 23-24

salary from employer 1 (govt)-4 lakhs
gratuity from employer 1-50000
el encashment from employer 1-50000

salary from employer 2 (non govt)-7 lakhs
Reimbursement of hospitalization expenses received from employer 2- 25 lakhs

Deductions available

Standard Deduction 50000
80 C 1.5 Lakhs
Joint home loan-total yearly interest for FY 23-24 is 3 lacs
Home ownership Share - 60% Mr A and the remaining share pertains to his spouse
Joint Loan Share -40% Mr A and the remaining share pertains to his spouse

Based on the above mentioned details what is the Taxable income of Mr A for the FY 23-24 ?

Suppose, during F.Y. 2023-24
Mr. A(Turnover>Rs. 10 Crore in F.Y. 2022-23) purchased goods from Mr. B(assuming GST exempt goods) on following dates:-

02.06.2023 Rs. 12 Lacs
21.10.2023 Rs. 20 Lacs
06.11.2023 Rs. ( 9 Lacs) (Purchase Returns)
28.11.2023 Rs. 25 Lacs

Would Section 194Q apply in the above case?

In my opinion, it will not apply as Rs. 50 lacs amount not crossed for the aggregate value of goods. Please guide

Dear Sir,

We are into a private limited company 2 directors are resigned from the company kindly confirm to transfer the shares NAV is required from the CA and when this came to effect.

Thanks and Regards
Lingam

I want a list of all the CA firms that provide capital markets & fund raising services.