Dear Experts,

If monthly rent exceeds 50000 then TDS is required to be deducted.

What will be the due date to deposit the same to government? Is it on monthly or annaul basis?

Pls advice

Regards,

Dear Sir/ Madam,
One of my client had filed IT Return u/s 44AD for A Y 2023-24 Now for A Y 2024-25 Shall he eligible to file U/s 44AB is there any problem. Please guide me in this regard.
Thanks in Advance.

ONE TRUST HAS BEEN ALLOTTED REGISTRATION U/S 12A OF IT ACT INB FORM 10AC AND IS VALID From AY 2022-23 to AY 2024-2025. FOR RENEWAL OF THE REGISTRATION WHICH FORM IS USED AND WHEN TO BE APPLIED AGAIN FOR RENEWAL. NO 80G CERTIFICATE IS APPLIED FOR.
NO BUSINESS IS ALSO DOING. PL.ADVISE

I had made a mistake in Form 26Qb..
1) Seller's address is incorrect.
2) Amount paid details is incorrect.
How to rectify above mentioned errors and how long will it take to rectify?
PAN no and TDS amount is correctly mentioned.

From FY 2024-25 Gratuity Maximum limit has been increased upto 25 lakh from 20 lakh. So i want to know whether exemption limit in income tax still 20 lakh or it is increased.

My CA audited my books of accounts and bad debts shown in books of accounts was shown in audit report with pan no of the bad debt party.what will be the effect of pan no given in audit report and uploaded on income tax portal? Will income tax department go the bad debt party for further investigations? Please clarify in details?

Assessee is engaged in Kiosk Banking Services and earns commission on that for which TDS u/s 194H has been deducted. Someone filed his ITR 4 for AY 23-24. Now he has been served notice u/s 142(1). Can we in the response mention that the said return was filed by mistake by the assessee? Or what steps should be taken? Please guide.

I am getting an excess application in the form of negative taxable income in form 10b. Any consequences?

Hi,

I have a query regarding gifting shares.

I want to gift shares of Unlisted Co. to My father's brother's wife (Aunt). My query is as follows.

Lets say subsequently my Aunt wants to gift those shares to her son.

There would be no capital gain or income from other source & no taxable income, either for transferor or for transferee since in both cases the shares are gifted to RELATIVE. Is this correct?

& Clubbing Provisions of IT Sec 64 (or 60 or 61) or any other deeming provisions would NOT come into play. Is this correct?

Thank you very much.

PEST CONTROL SERVICES TILL FIN YEAR 2023-2024 T.O. 96 LACK AROUND AND CONTIUNE WE RETRUN FILED UNDER SECTION 44AD
BUT FIN YEAR 2024-2025 TENTAVIE T.O AROUND 1.15 CR

WE CA FILE UNDER 44AD OR NOT

PLZ CLEARFIY
THANKS IN ADVANCE