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.

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Kindly provide the reference section/circular/notification or case law for the basis of the reply please
Thank in advance.

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Dear Sir,

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