R/Experts

My queries are :-
1. Stamp Paper purchased on 23.09.2023.
2. Can i make the partner ship deed on 23.09.23 or 1.10.2023 with change the salary clause wef 01.04.23.

Thanks

I recently had one of NCD matured. The NCD was bought in Jan.2023 for 10.20. It was Sold in mar.2024 for 10.50.
The deductor has declared again of 0.50 instead of 0.30. The TDS is 15% which is 10% of 0.50
(Of course multiplied by the no. of NCDs purchased). This is reflected in 26AS and AIS/TIS.
The deductor is refusing to change the amount earned under my PAN to 0.30.
How can this be resolved. I have updated my inputs in IT website.
thanks

Sir,
A practitioner retired in FY 23-24 and has submitted the return in Form 3 for AY 25-25.
Now the income in the current FY mainly consists of FD interest, Survival Benefit and
from investment in Mutual Fund.
A. Is there any formality to be complied with for switching to Form 2 from AY 25-26?
B. Is the New Tax Regime more beneficial for Senior Citizen, 80 plus?
Kindly advise!

Thanks & Regards

what would be the Major Head in Challan 281 for payment of TDS against dividend deducted from individual by private limited company?
which code (0020 OR 0021) should i select?

Sir,
Husband , a Senior Citizen,gifts Fixed Deposit of Rs. 20 lacs by transfer of Fixed Deposit to Wife who is also a Senior Citizen.
Under the premises kindly advise:
A. Whether Gift Deed is necessary?
B. If so it is required to be Registered?
C. Whether income clubbing provision would be applicable unde Income Tax Act?
Thanks & Regards

Hi, I was checking my last year's return (AY 23-24) and realised I had received interest on the amount that the income tax had refunded.

For this year (AY 24-25) I recalled there was a section in Schedule OS: "Interest Gross -> From Income Tax refund"
I left it blank :(

My current ITR (AY 24-25) is not yet processed. What should I do now? I'm a bit scared.

I searched online, and I think I need to file revised return.
In the original return I had offset profit from this year from brought forward loss from last year.
Will I still be able to do that with revised return (since its past due date now)?

Sir,
A has taken HDFC Life Sanchay Par Advantage policy under which the Annual Premium is to be paid and Policy holder immediately starts getting monthly Survival Benefit. The amount arising on account of Maturity/Death would be paid to the Life Assured by the Policyholder.

Under the premises kindly advise
whether :
A. Is Annual Premium eligible for deduction under Sec 80C?
B. Is monthly Survival Benefit Taxable?
C. Will the amount receivable by the Life Assured taxable as and when the Maturity/Death Claim arises?

Thanks & Regards

when i joined my ca articleship i was in my bcom third year so i had filled form 112. but now i have completed my bcom and taken admission from mcom. i have filled another form 112 but it gave a error that i shall rovoke my previous form112 but to revoke the previous form means that i have cancled my previous course . but my bcom is completed . so what shall i do

Dear we are running a gaushala and having a temple in it. We have received corpus donation with specific direction for construction of Building with out any bifurcation whether for temple building or cattle sheeds. In the current year we have used the amount for constrution of cattel sheed for Rs 50 lacs . the same was used by breaking the FDR made out of corpus funds. now my query is will the application be considered in the year in which i again make FDR or in this year in which we have constructed the shed.

Sir i also want to know whether we have to transfer the corpus fund which we are having a seperate head in balance sheet to common capital fund for the amount of construction made.

1. received Prime facie adjustment notice for AY2024-2025 What need to be done after response.
2. Will return processing will be done by AO or CPC bangalore