We have a Provisional Registration of form 10AC in Section 12 for A-Y 2024-25.
So will we be applicable to file form 10A before 31st March 2024 or after that.
When can we file it?

Will deemed be attracted in the following arrangement:

A pvt ltd company transfers money in partnership firm as its capital contrirbution in the capacity as a partner and the same amount is withdrawn by another partner who is a director and shareholder in the said pvt ltd company.
But shareholding is less than 5%

If not deemed dividend, does any other provisions/consequences apply in the said arrangement?

Hello I have queries regarding taxation on property.

In this financial year, bought an Under-construction property - joint ownership - home loan EMI ongoing.

1. Is the principal component of EMI deductible under 80C for under-construction or is it deductible after completion certificate in 5 installments like the interest component.

2. After discussing with the developer, the overall property value has decreased . However , since sale agreement was registered and subsequent TDS were paid on demands, what will happen to the remaining stamp duty (on which value will the rest stamp duty be charged on) and TDS correction in 26QB?

Condonation for delay in submission of form 10BB has been allowed by the Commissioner of Income Tax (Exemptions) for the A.Y.2023-2024. Please let me know how to inform to the CPC

For AY 2019-20 charitable trust return is filed after due date & also report not filed in form 10B. Therefore cpc does not allow exemption u/s 11 & calculate tax on gross receipts. Now can we file condonation request for delay in filing income tax return with CIT (Exemptions)? & condonation for delay in filing form 10B with CBDT to get exemption u/s 11 ?. How to submit the condonation request with CBDT ??
Please reply.
Thanks in advance.

WHAT IS THE APPLICABLE DEPRECIATION RATE ON SMART BOARD FOR STAFF MEETINGS?

Please guide if I have to file Income Tax Form 71 in a case where income is recorded in FY 2021-22
and TDS deducted on above income appears in 26AS of FY 2022-23 till when can Form 71 be filed
Thanks in advance.

The resolution plan of SREI infra NCD default, for its holders provides two components of payment. One part distributed as cash payment directly and the balance in the form of Security receipts (SR) and Estimated Optionally Convertible Deposits (OCD). These SRs and OCDs are held by Punjab National Bank and will be released after 8 years. Please therefore inform how the capital loss of debt is booked. Is it only cash paid now as value of return; and SR+OCD if any paid after 8 years to be taken as income for future earnings.

I am working in a Logistic company, where we have all types of vehicles for transportation of people and material with an agreement with private vehicle owners. Like Uber, Ola, Rapido, etc.
The company gives a credit of Rs 2000/- per month to me. We can use our company vehicles like Motorbyke, Car, Tempo etc to the extent of Rs 2000/-. In case, if we don't use fully, the left-out credit will be lapsed and next month again a transport worth of Rs 2000/- will be credited. So the amount will not be carried forward.

Whether this facility is taxable or not.

DEAR SIR,

ONE OF MY CLIENT PAID INCOME TAX PAID BY HIMSELF UNKNOWINGLY WRONGLY SELECTED MINOR HEAD ACCRETED INCOME U/S 115TD.

IS THERE ANY PROBLEM IN FUTURE CPC WILL ASK DEMAND

PLEASE CLARIFY ME

THANK YOU