Displaying all posts within 3 days
Sale of Gold ornaments
Sir,Can I sell family gold oraments with limits on weight ,without attracting Income tax ? Please clarify. Thanks
Tds & service tax on provisions
Noted the contents. Thank you very much
Tds under section 195
Noted the contents. Thank you very much
Time limit for revised tds return
It is always advisable to revise the return ASAP
Transfer pricing audit
Agree with the above answer. Thank you
SECTION 194T
No, the provisions of Section 194T of the Income-tax Act, 1961, are not applicable to the reimbursement of travelling expenses to a partner.Genuine reimbursements for actual business-related expenses incurred by a partner on behalf of the firm are specifically excluded from the ambit of this section.
To ensure this exemption is valid and the payment is not viewed as a disguised remuneration, the firm must maintain proper bills and documentation to justify the expense as a reimbursement for firm business.
SECTION 194T
If a partner incurs travelling expenses exceeding ₹20,000 for the purpose of the firm’s business and the firm subsequently reimburses the exact amount to the partner, whether the provisions of Section 194T of the Income-tax Act, 1961 are applicable on such reimbursement?
USE THE BANK ACCOUNT OF WIFE
Respected Sir all things was drawn in the knowledge of Ld AO in response to reply of show cause notice
USE THE BANK ACCOUNT OF WIFE
Sir circle rate was fixed 1.35Lac purchase value as per market rate Rs 26.00Lac and in show cause notice all things will documentry evidence was filled but the Ld AO faceless passed the order by calculating the tax under the income tax act and made the demand about Rs 30 Lac sir now what can I do please guide me
Cloud service
धन्यवाद सर. Thanks sir
Selecting Tax Regime while for calculating tax relief on under Section89 of income tax act 1961.
For your FY 2025-26 filing, you must file Form 10E before submitting your ITR. You are permitted to use different tax regimes for the past years' relief calculations compared to your current year's regime. Specifically, you can select the New Tax Regime for historical years in Form 10E if it yields a higher relief amount, regardless of how you originally filed those years' returns.
Cloud service
For a 1-year cloud subscription payment to an Indian company, you should deduct TDS @ 2% under Section 194J (as Fees for Technical Services), provided the total annual billing exceeds ₹50,000. Ensure the deduction is made at the time of booking the invoice or making the payment, whichever comes first.- Households luggage
- Cloud service
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- Sale of Gold ornaments
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