Hello,

Query: I have purchased a property and we are 2 seller 2 buyer and filled 4 Challans for TDS for both the sellers from both the buyers. Now on first buyer's challan the system did not show aadhaar of the sellers but it showed the aadhaar of the same sellers on the challan of the 2nd buyer TDS form. Although the PAN of both the sellers are Active and linked to their Aadhaar and verified through income tax portal. Can it happen due to system temporary glitch? What shall I do now? Shall I file 26QB rectification and enter the same PAN of the sellers again? Or just leave it as it is and the backend system will pick the linked Aadhaar while updating the details on TRACES?

Anuj Suryan

My wife is not working.. She has got some money from ancestral property and invested in debt funds in 2023dec. Now the debt fund is making capital gains of 8 lakhs.. We are thing to withdraw the money. How much tax should she pay?
If my wife keeps making 8 lakhs from debt fund every year, how much tax does she have to pay considering she is not working.

For debt mutual funds purchased before April 1, 2023,
(A) What is the minimum holding period for the gain to be considered long-term? Is it 24 months or 36 months?
(B) What is the tax rate on LTCG of debt mutual funds? Is it 12.5% without indexation?

The query pertains only to mutual funds bought before April 1, 2023

Sir,

Payments made for purchase or use of softwares like Tally.

Should the said payments be booked under "Royalty" or "Repairs and Maintenance"?

WE ARE RECEIVING NOTICE REGARDING DIFFERENCE IN 26 AS WHILE WE ARE ENTERING DATA OF VDA (VIRTUAL DIGITAL ASSET) IN CAPITAL GAIN.
PLEASE GUIDE US REGARDING THIS ISSUE

An assessee died . His wife was approved as a legal heir. Legal heir gave her bank account for husband refund. All the bank accounts of deceased were already closed. But, refund credited to his closed bank account, bank returned the refund to income tax department. Refund reissue request two times raised so far. How can she get the refund. while ringed to refund banker they u call cpc. Grievances raised , but still in submitted state What procedure to be adopted to get refund

Sir, whether an assessee can give the gift to his brother, I mean transfering the amount through bank mode to his account ? kindly do also let me know the relevant section in this regard sir.

Rejected at e-filing
Line No 2 - Invalid Previous RRR Number

As per cbdt circular no. 743 dated 6 May 1996, there will be no tax for legal heir in the said case. Can legal heir withdraw the amount before filing the return of the deceased ?

Dear CA Club Expert,
My First Question is I want to know from you how can we know on which industry AS, IND-AS, IFRS, GAAP, CARO will be applicable. I searched many times on Google but I am not getting the correct information. Please tell me on which industry AS, IND-AS, IFRS, GAAP, CARO is applicable? And if yes, then what is the threshold limit or turnover limit for it. Please tell me with complete example so that we can also be aware.

My second question is on which company cost audit and internal audit and front end audit is applicable and if they are applicable, is there any threshold limit and turnover limit. How can we find out what is the limit of all these compliances? Sir, please explain both these questions with examples and if you have any PDF then please share it.

Regards