If HUF Purchases property in their name and Rent income shall be taxable in their name
Whether there are any drawbacks for purchasing property in the name of HUF?
Is it mandatory someone to Fill section Schedule AL in ITR 2 is his income is less than 1 CR for AY 2025-26 but last Year he had filled that section
Whether TDS is applicable on Standard cloud services taken from Amazon Interenet services Private Limited, if yes under which Section ? and what is the nature ? and if no, reason for not applicable.
My previous ca has created many expense payable provision although i have opted sec 44ad but this expense provision is not going to be paid and nor expense can be claimed in sec 44ad how to adjust this provision in my balancesheet that it disappear in balance sheet
Sir, in one of the assessee, I prefered an appeal before the NFAC as against mentioned in the notice U/s.156 very clearly as " you may present an appeal to the CIT (A), Hyderabad- 2". So, Now any corrective measur I have to take or NFAC, automatically, transfer the case to the CIT (A), Hyderabad- 2", kindly advise.
Dear Experts
Could anyone please clarify the due date for filing the tax audit report in case transfer pricing provisions apply to the company. Should it be September or October?
IF ORIGINAL ASSESSMENT ORDER WAS OF F.Y. 2018-19 AND ORDER U/S 250 OF CIT ABOUT NIL DEMAND WAS ISSUED IN F.Y. 2025-26 THEN WHETHER DEPARTMENT CAN FILE APPEAL BY CONSIDERING MONETORY LIMIT OF ORIGINAL ORDER OR CIT ORDER?
“I run a business that involves digital marketing and the sale of software to foreign clients. Under which business code should I report this, and which section of the Income Tax Act applies for presumptive taxation?”
If a person pays 70,000 as rent for exhibition hall / space ONCE IN A YEAR, whether TDS is required to be deducted u/s 194I.
MY TURNOVER A.Y. 2025-26 RS. 23838491 AND PROFIT RS. 617457 TOTAL CASH PAYMENT EXCEEDING 5% OF TOTAL PAYMENT WHICH CLAUSE OF AUDIT APPLY TO ME Clause 44AB(a)- Total sales/turnover/gross receipts of business exceeding specified limits OR Clause 44AB(a)- Proviso where cash receipts and cash payments do not exceed the specified percentage of total transactions, but the turnover exceeds the specified limit I OPTED FOR 44AD DURING A.Y. 2023-24
REGARDING PURCHASE OF PROPERTY IN THE NAME OF HUF