WHAT IS UNEXPLAINED EXPENDITURE? CAN CIT OR AO PASSED NOTICE BY CONSIDER BUSINESS EXPENDITURE AS UNEXPLAINED EXPENDITURE UNDER SECTION 69C?

I gave Rs12 lakhs to a debtor have gone bad debts.If I inform to income tax department as informant can I receive 20% from income tax as prize money for information.please suggest me the consequences of information on Income Tax portal.

Whether we are eligible to claim deduction of interest levid u/s 234ABC in the case of vivad se viswas schem 2024

Under High Sea Sales we imported the Goods through Party &
Party issued Debit note for Freight Charge Reimbursed.
There is any applicability of TDS or GST ?.

Sir,
It business person rs:15 lacs wedding expenses for daughters marriage purpose f.y.24-25
Question:
1.Assessess wedding expenses any limit provision applicable and expenses claim allowed in it act
2.wedding expenses show procedure account books.

The Department is conidered the DTAA Income ( Dividend Received from Foriegn Company in USA ) as income from Other sources instead of Specail rate income ( as per Article 10 of DTAA with USA ) and taxed at Normal Slab Rates and raised the demands accordingly, Please clarify the why demand is raised.

Sir/Mam,

We have paid 194C TDS amount Oct 2024 30,000/- can we adjust this amount in 194J in Q3 Returns

Plz clarify my doubt

Thanking you,

I filed my ITR 2 as a resident last year and in the payslips of my US company its mentioned xyz, so I showed all salary and employer name as xyz in both salary head and schedule FA.The address is correct in both the places. Now when I was filing my US tax, I noticed the offer letter mentions xyz LLC. Can this create an issue in the future?

The Advanced Calculator at Income Tax website (https://eportal.incometax.gov.in/iec/foservices/#/TaxCalc/calculator) appears producing wrong calculation pertaining to income details for FY 2024-25 (AY 2025-26).

I request all experts to please guide me how to calculate tax in case of following example, as there is no reliable and publicly available tax calculator online.

Tax regime: Old tax regime
Assessment year: 2025-26
Taxpayer category: Individual
Residential status: Resident
Age: Between 60-79 years (Senior Citizen)

Following capital gains realized on or after 23-07-2024:

1. STCG from Equity mutual funds: Rs. 2,48,000
2. STCG from Non-Equity mutual funds: 1,42,000
3. LTCG from Equity mutual funds: Rs. 1,91,000
4. LTCG from Non-Equity mutual funds: Rs. 2,25,000

FD/Savings Interest: Rs. 2,34,000

Total deductions (u/s 80C and 80TTB): Rs. 2,00,000

HI,

If my brother is transferring money to me: eg INR 60,00,000/- (as gift) in parts , say 5-6 transactions

a) is their any restriction or issue with that?
b) i believe its not taxable, as its my real brother?
c) do we/he need to submit any document?
d) trust their will be no tax deducted at source for it

Please advice urgently

Best Regards
Saurav