SELF OCCUPIED PROPERTY IS A CO-OWNERSHIP PROPERTY CONSISTING OF 9 OWNERS . OUT OF THEM TWO PERSONS NOT HAVING PAN. WHILE FILING RETURN OF ONE PERSON ( HAVING TAXABLE INCOME) HIS SHARE IS MENTIONED UNDER SELF OCCUPIED PROPERTY, THE OTHER MEMBERS NAME , AADHAR & THEIR PERCENATAGE SHARE ARE CORRECTELY FEEDED IN ITR2 OF THE ASSESSEE. WHILE UPLOADING THE ITR , IT SHOWS ERROR MESSAGE AS " if the property is coowned, percentage share of property, Name & PAN of the cooner(s) necessary. Is it is possible with aadhar of the two coowners to file itr

If writ petition filed against assessment order then can we go for DTVSV 24? Is there any adverse consequences of that?

Sir,

Our proprietor having two companies A & B paying tds same tan no from different account.

One challan paid from A Company CA , B company can use this TDS challan of A

If we use the challan how to transfer tds amount B company to A company Account

Plz clarify my doubt.

Thanking you,

I am a retired person having income only from FD Interests and capital gains of Equity / mutual funds. My interest income from FD is below Rs 2.5 lakhs. However my STCG from equity is about Rs 10 Lakhs p.a Do I have to consider the STCG income to arrive at the slab rate for the FD Interest income ? Or Can I claim exemption from Tax on the FD Interest income as it is below the basic exemption limit ? Will they both be combined for arriving at the slab rate ?

Dear Sir,

If a company running Milk and Dairy product business Turnover 250 Crores Approx.
Appoint distributors for sales of milk products.
Company raised invoices to distributors for milk supply and collect payment from distributors in cash which is deposited directly by distributor in company bank account on daily basis.
Note:-Cash collection from each distributors is less than Rs. 200000/- Lacs in a single day/transactions.
This procedure is correct or not.
If not then advice correct procedure
Please advice.

Is there any waiver in capital gains in this budget for NRIs investment in mutual funds

We are a Residents' Welfare Association (RWA) comprising 70 independent kothis. Our financial records for FY 2023-24 show receipts of ₹638,243 and expenses of ₹580,664.
Are we required to file an income tax return ?

Sir I want to know what is the last date to file the updated income tax return for the asstt. year 2022-2023.

I HAVE RECEIVED LATE PENALITY ORDER FROM TRACES DUE TO CORRECTION IN TDS RETURN, BUT I AM ONLY CORRECTION IN PAN NUMBER, WHY LATE PENALITY ORDER IS SERVE TO US.

PLEASE EXPLAIN.

1. There is maximum limit for remuneration to partners?
2. Then it is any provision to maximum limit of remuneration to each partner?
3. If there is 2 working partners in firm and other 10 is sleeping partners, then remuneration can be distributed among all 12 partners or 2 working partners only?