HOW TO WITHDRAW APPEAL FOR FILING FORM-3 OF DTVSV ?

a pvt.discretionary trust is partner in a partnership firm, trust received 80 lakhs as share of prift as it was partner in firm (claimed exmpt).

same amount was given by trust to individual beneficiary of the trust,

if a pvt.disc. trust gives a cheqe to its benefeciaries, i think its distrubtion of capital,, hence not taxable in beneferias's hands.

but AO taxed in beneficiarie's hands stating , pvt. disc. trust earned exempt income which it distribtuted to its beneficiary and hence, as beneficiary is not directly earning exempt income as partner in firm, its taxable in beneficiary as other source income.

my view--> trust has just distributed capital , where is it income of the beneferciary?
is ao right?

Sir,
We filed updated return for the year 2022-2023 on July 2024 17th.But due to technical reason the audit report not got uploaded on same day. Audit report was filed on 24th July.Json error was the reason for the delay.Notice was issued for defective return,but was unable to submit the reply.so the department treated as invalid return.We have paid nearly 2 lakh rupees tax for the same.Kindly help what to do next.Can we file appeal for the same.Pls help.We tried to reply the notice but was not able to submit the same.Please help

IS ASSESSEE ALLOWED TO FILE REVISE RETURN OF INCOME AND TAX AUDIT REPORT WHEN APPLIES FOR RECTIFICATION U/S 154

Dear sir/ Madam,
we have a registered society incorporated on 22/07/2022 and started business from 01/09/2022 . now we want to take exemption u/s 12A and 80G and for that what form should we file form 10A or form 10AB as we already started business.

Namaste,

I am a canadian PR and residing in canada since last 2.5 years. I haven’t changed the citizenship, citizenship wise I am an Indian Citizen only.

Now, I am moving back to India permanently, what is the best way to send my money to India without any tax implications?

Also, I don’t have any NRE/NRO account in India.

Thanks and looking forward to get best possible suggestions soonest.

In FY 24-25, I will stay 54 days total in India. In the preceding 4 years, I was in India for 365 days +. What will be my status in FY 24-25. I have come to India permanently.

If an Indian citizen is employed for last three years in Singapore and paying tax as per Singapore tax laws, it is said that 60 days rule is not applicable.

My query
What exactly is Indian Income Tax Act/Rule from which I can understand that it is not applicable to an an Indian citizen on employment to a country like Singapore......

Sir, WHERE INCOME FROM SALARY OF A PERSON IS Rs1200000 & income from sale of equity(LTCG) IS Rs.125000, WHETHER ANY TAX LIABILITY WILL ARISE FOR AY 2026-27?

Hello Everyone,

I’m an NRI currently living in Australia. I have health insurance in India for my wife and child with NivaBupa. Recently I got to know that health insurance premium paid annually is GST exempt for NRIs. As part of renewal, I requested them to apply the GST exemption. But their final response is that the feature is not yet “live” in their internal systems for renewals in specific and that they’ll not be able to “facilitate”. They said that since GST is paid to Govt, I can claim it myself by contacting my tax consultant.

If I’m not wrong, GST unlike TDS is not paid against the PAN of the customer but GSTIN of their own business, as such it is their job to do, which is either take payment with GST or provide a refund by taking necessary documentation from me and their tax filing department to report this transaction to Govt as GST exempt. In fact, that is the process I follow for another term insurance plan with Tata AIA. So is there a way that a tax consultant can claim this GST that I paid as part of insurance renewal, during my year end tax filing (or any other time)? Please clarify.

Appreciate your response.