Sir, I have already a PAN card but with wrong signature. I have to apply for a New PAN card with correct signature. Can I apply online for the same ? If yes, how ?

I am an OCI (non resident Indian). My father (a Resident Indian) gifted me his share in a property in India through a registered gift deed in January 2024 and we paid stamp duty on it. This gift transaction is now showing in both his and my Annual Information Statement (AIS) for FY2023-24.
Questions:
1. Does my father need to report this gift in his ITR2? If so, where is it to be reported?
2. Since this is a gift from a close relative - father to son, my understanding is there is no gift tax implications for either my father or me. Is my understanding correct?
3. Are there any capital gains tax implications for my father? Does he need to pay capital gains tax on it ? He purchased the property in 2012 and gifted to me in January 2024 for no consideration..
4. Do I need to report this gift in my ITR? If so, where is it to be reported?
5. I typically do not file tax returns in India since my India income is below the threshold. Do I need to file an ITR this year only because of this gift transaction?

Sir/Madam

I have one question regarding off market shares transferred to spouse account during the fy-2023-24. This share are sold by spouse after transferring shares from her husband.

Now we have to calculate capital gain tax of sale of off market transaction. In this case what is the date of purchase for calculating capital gain tax?? Date of purchase of Husband? or date transfer shares to her demate account??

And to whom capital gain is taxable ??? Husband or her spouse. shares are sold from her demate account.

thanks in advance

Partnership having turnover around 60 lakhs filing first time income tax return than is it compulsory to carry out audit if shows profit lower than 6% as per 44 AD ( as 44AB Limit is 1 crore)

or

Can we file return showing lower profit below 6% with profit and loss account and balance sheet assuming not opting for 44AD

What is Gst rate for job work for Hijab ( Burkha)

will there be any penalty if a gst registered business purchase from another gst registered business without providing gst details? That is if the invoice issued does not mention GSTIN of the buyer?

Dear Experts,
one of my clients appeal is pending for more than 5 years for final orders from cit appeal in faceless
scheme., is there any way to get it done earlier, Please guide with valuable knowledge.

Thanks in advance,
K.B.Nagesha Rao,

whether these terms in accounts are correct
Trade Payable - Vendor, Supplier
Purchase - Inward
sales- outward

Hi, I'm an NRI. I only have dividend and interest income in India. Interest income is negligible and total income from dividends of listed equity holdings is around 1.5 Lakh INR annually. Considering this falls well below minimum taxable income slab, am I eligible to claim the 20% TDS (the rate for non-residents) on my dividends paid? If yes, then I'd like to engage a CA for filing my returns. Please clarify.

Res/ Sir, Madam,
We make monthly returns, and we purchased goods from one such Proprietary firm which are return quarterly. So Sir, when we should ITC be claimed and how much?

Thanks,
Regards,
Ashok Yadav