Nidhi Kanabar

Hello,
can anyone solve my below mentioned query

I want to convert running proprietorship concern into partnership firm by adding proprietor+ two partners and there is no any fixed asset in the proprietorship concern what procedure I have to apply for new GST No. new PAN no., NEW TAN No. PTRC etc.. after conversion to run the business. ?
guide me this process


Ashish darji
04 January 2025 at 09:26

26QB Password

I have downloaded the Form 26 QB justification zip but it's password protected. Could you please help me with the password. I have tried with buyers PAN number but its still not opening.


Suresh S. Tejwani
03 January 2025 at 17:28

REGARDING 87A REBATE REFUND

AS PER NOTIFICATION OF THE INCOME TAX DEPARTMENT RELIEF OF REBATE U/S87A WILL BE AVAILABLE TO TAX PAYER THEN FOR REFUND(IN CASE TAX IS PAID) OR FOR WAIVER OF DEMAND(IN CASE TAX IS NOT PAID)
THERE IS NEED TO REVISE THE RETURN OR NOT?


Daya
03 January 2025 at 15:51

Is TDS deducted on Listed Debenture

under whcih section TDS deducted on interest on Listed Debenture.


NANCY
03 January 2025 at 13:53

Campervan Taxability under income tax

Is sale of campervan taxable under capital gain as it is sale of movable personal asset ?
And also please explain it's other tax liabilities in context of GST and income tax ?


Divyesh Ajmera

WE FILED AN APPEAL AS ON 12/02/2020 AGAINST ASSESSMENT ORDER ISSUED BY AO. WE FILED AN APPEAL AS ON 10/11/2023 TO ITAT AGAINST ORDER U/S 250 OF CIT(A). NOW ITAT REMAND BACK ORDER TO CIT(A). SO THERE IS REQUIREMENT TO FILE AN APPEAL TO CIT(A) ? OR WHAT TO DO NEXT?...


Suresh S. Tejwani

WE FILED AN APPEAL AS ON 12/02/2020 AGAINST ASSESSMENT ORDER ISSUED BY AO. WE FILED AN APPEAL AS ON 10/11/2023 TO ITAT AGAINST ORDER U/S 250 OF CIT(A). NOW ITAT REMAND BACK ORDER TO CIT(A). SO THERE IS REQUIREMENT TO FILE AN APPEAL TO CIT(A) ? OR WHAT TO DO NEXT?


Hukam Chand

Dear CA Club Team,
whenever I prepare financial statements at the time of audit, one thing is not clear to me that the figures that I should write in it should be written in thousands, lakhs, millions.

Is there any such company act or government circular according to which it is necessary to write the figures of financial statements in thousands, lakhs, millions. If so, then please share any circular, notification.

Secondly, I want to know whether any new format of financial statement has come which is necessary for corporate and non-corporate assessees. Please share the new financial format and also share the notification.

Third point, is there any website from where all these types of notifications, circulars can be seen? Please share it so that I can also get updated on time.

Thanks


Suresh S. Tejwani
03 January 2025 at 12:12

Tax consequences

If an individual gives a gift around 1 crore to his uncle (property or money),
then what are the tax consequences in the hands of such individual and his uncle both?


Anonymous

Is Tds liable for interest received on accident claim from insurance company ?

The insurance company deducted tds of 40000/- on interest received 400000 on accidental claim reflected in 26AS. And the interest amount is cross the exemption limit 300000 for senior citizens.

The hurdle we are facing on filling income tax return to get the refund due to have only one source pension income receive from haryana government which is restricted to 300000 income limit. And 4 lacs interest amount is received which is one time income.

After filling income tax return, Is it impact the pension income?





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