If we are making a Payment to an entity whose income is exempt under section 10(23C)(iiib). Then can we be required to deduct TDS on payment to the such entity? If we are exempt from the deduction of TDS then please provide a section or any notification/circular if available. Thank You in advance.

One of my clients misplaced the 12A registration certificate and the trust is religious and charitable trust under Under Exemption 1/3 Kolkata.
Under this circumstance what is the to get the certified true copy of the 12A registration certificate.

Respected Sir Madam
Please guide for Calculating Capital Gains
Land purchases 1986
Factory Building built 1992
Factory Building has been capitalized and depreciation charged WDV of 31.03.2022 is Rs. 10000
Sale consideration 30.12.2022 Rs. 50lakhs for Land and 4Lakhs for Factory
Will this entail
1. Long term Capital Gains on Land calculated with indexation based on FMV of Land on 01.04.2001 AND Short Term Capital Gains on Building
OR
2. Should Long Term Capital Gains be calculated on land and building together
Plz guide which method (out of 1or 2) should be adopted or suggest any alternate method of Capital Gains calculation.

Thanks

Hi Everyone

Please answer my question as below.

Can we claim GST paid on purchase of car and on car insurance?

Kindly help.

Thanks in advance.

summons have been issued by the gst department 5 time, at that they refused orally for the tender statement that there is no need come to deposit the tax of fake invoice, but now in the order, a penalty of 250000/- has been imposed on the per summons . if yes then will there be penalty for each summons or 50000/- for one summon please guide me

I failed to file my revised ITR for AY 2022-23 on 31st December even after putting all the effort by login to my income tax account and even after paying the differential tax including penalty, fees through income tax portal. There was no submission option available after validation. There was one tab for verification of ITR. I tried verification of my draft return through HDFC bank and even reached the bank page. I didn't received any confirmation from the Bank or Income Tax department that my ITR is successfully filed. Also my draft filled up data was not thereany more. It looks the changes effective 1st January was implemented on 31st December in the portal which prevented me to submit my revised ITR. I raised multiple grievance through my login also called up CPC Bangalore sent few emails they insisted me to download the utility and file the return u/s 139 (8A). Last few days I am struggling since the ITR 2 excel utility at the time of download getting error has a bug thus cannot be used. I also have tried using desktop utility ITR 1-4 where there is no option for filing u/s 139 (8A) under the filing status of Part A of General Information. Please note original return for AY 2022 23 was filed before due date on 30th July.Please guide me with your experience so that I can file the revised return. Thanks

Query on GSTR 9 filing:Our query is our client has made sales on which reverse charge is applicable in financial year 2021-22 of Rs 85,00,000 however in GSTR 1 we have shown sales of only 50,00,000(Reverse charge Sales) However this 35,00,000 lac sale as above mentioned is shown in GSTR 1 of FY 2022-23,so query is that now in which box of GSTR 9 we can put our balance 35,00,000 sales along with autopopulated 50 lac sales??


Pls reply

Sir,
I am selling my home. Buyer is taking loan from bank. Bank is ready to give only 75% amount for home registry. Remaining 25% amount would be given as bank draft for home renovation. This would save stamp duty for the buyer.
I would not spend 25% amount on home renovation but would give capital gains tax on this.
Is it fine for Income Tax Return ?

Sir,
How much purchase of gold limit for it person in it act
1.physcial gold
2.digital gold
3.sovereign gold bonds
4.gold etfs and mutual funds.

I Have few doubts regarding how to calculate Indexed acquisition cost of a property. These are:-

1. Property was purchased in FY 2009-10 & 85% money was paid to builder. Registration & Sale Agreement was carried out same time. But as it was under construction property, Possession was given in FY 2010-11 & rest 15% paid. So Which year CII will be used for indexation purpose?
2. Stamp duty & registration charges paid during purchasing of this property will be added in property cost or not?
Please clear my doubt.
Thank you