Suppose company buys back its shares on or after 1st Oct, 2024. The amount so paid is treated as dividend u/s 2(22)(f) as per amedned provisions. Whether dividend paid u/s 2(22)(f) of I T Act, 1961 is eleigible for deduction u/s 80M. Kindly advises us.

Dear All,
Mr. A's matter for AY 13-14 is pending with CIT(A) since 26.04.2016. additional made was 10 lacs and tax determined payable 3.09 lacs. Assessment order was passed u/s 143(3) on 29.03.2016 determining tax payable 3.09 lacs and also penalty for concealment order was passed on 29.09.2016 determining penalty payable 3.09 lacs. Assessee filed appeal before CIT(A) on 26.04.2016 against order passed u/s. 143(3). However no seperate appeal was filed for penalty.

My query
What is the amount payable if assessee wishes to go for VSVS 2024 and files application before 31.12 ?

CAN WE CLAIM AMOUNT OF TDS FOR A.Y. 2023-24 BY FILING RECTIFICATION RETURN UNDER SECTION 154? WE HAD FORGOT TO CLAIM SUCH REFUND WHILE FILING ORIGINAL RETURN?

An HUF consisted of Karta, his wife and three married daughters.
After the death of the Karta, what will be position of the HUF? How and who can file the ITR of the HUF, as not able to register the HUF under wife as representative assessee.

whether in income tax computed as per normal slab for
Intrady profit
Future and option profit and
Commodity profit

whether profit transferred to capital account after paying tax
in case of individual, LLP and Company.

1) ASSESSEE INADVERTANTLY NOT CLAIM REFUND IN LAST YEAR FOR WHICH HE FILE FORM 71 BUT IN RETURN OF NEXT FINANCIAL YEAR TDS OF LAST YEAR NOT CLAIMED, SO RETURN OF THIS YEAR NEED TO BE REVISED, IF YES, THEN TDS REFUND NEED TO BE CLAIM OF BOTH YEAR IN SUCH RETURN OR NOT? ALSO, REFUND OF THIS YEAR IS ALREADY CREDITED BY DEPARTMENT.

2) IN FORM 71, REFUND NEED TO BE CLAIM IS OF A.Y. 2023-24 THAT CLAIM IN NEXT YEAR F.Y. 2023-24 (A.Y. 2024-25)
9. RELEVENT AY UNDER SECTION 155(20) IS 2023-24
11. SUBSEQUANT F.Y. UNDER SECTION 155(20) IS 2023-24

3) IF REFUND NOT RECEIVED THEN FORM 71 CAN BE WITHDRAWAL OR AGAIN CAN WE FILE SUCH FORM?

Dear Expert,

If a Individual is having yearly salary of Rs. 312,000/-. Tax upon this as per old tax regime is Rs. 475/-.

Along with salary he has Short Term Capital of Rs. 50,000/-. Tax upon this @20% is Rs. 10,000/-.

So, in FY 24-25 he is having total tax liability of Rs. 10,475/- (Salary + Capital Gain).

In this case this is individual eligible for rebate under sec 87A ?

Dear All,

We have to pay one US LLC for Exhibition which will be held in US. They raised invoice in US dollar of 20000 USD. So it will attract TDS deduction.
As per my understanding, section 9, TDS is not applicable.
Also confirm it TRC, PE declaration need to be collected. They have provide us W9 form.

Please tell me the TDS applicability on Scientific Research & Development fees of Green-Belt Project. If we deduct TDS u/s 194J, then TDS rate will be 2% or 10%?