Respected Colleagues,
A proprietor running restaurant business in himachal with labour and staff above 20 persons, till date no ESI and EPF compliances have been done (Registration also not done) , 70% payment in cash but below 10k and 30% online,
Now my ques is, Whether due to non compliance all the salary & wages disallow in tax audit report by auditor or auditor just mention about non compliance in TAR in order to safe guard own.

Please advice

Respected Colleagues,
If a person running business of restaurant and introducing old hotel building in business in FY 2024-25, now my question is, whether auditor comments in tax audit report about this capital addition or not?

Please guide

One of my client has been paid amount in TCS instead of TDS. Now, this is possible convert from TCS to TDS ??

On verifiaction of the ITR error message coming"Please select AY from dropdown". On recehcking the MAT broughtforward which is verified from the previous return there are no apparanet errors in the carried forward figures .Please advice how to go ahead

As per the established procedure, the capital gains on sale of shares are determined on the basis of "first in first out" and period of holding
Now the query. I have 100 shares of a company ABC purchased in 2 lots of 50 each, first @ Rs 500 each and second @ Rs 600 each. I lend 50 shares under SLBM mechanism and sell the balance 50 @ Rs 1000 each. Do I calculate the capital gain using acquisition cost of Rs 500/ shares (lent under SLBM) or Rs 600/ share (held by me in my demat account and actually sold)

Dear Experts,

While raising new request for rectification of mistake u/s. 154 against order passed by the CPC under section 154 in service segment of assessee account, choosing Assessment Year and clicking continue, the portal displays message:
Error: messages. Runtime Exception Code
This is happening multiple times. Tried from different PCs but the same result.
What is the way out?
Please guide.

I am an Indian resident and owner of company. A UAE resident, holds a forex trading account in his name and has approached me to provide him advisory serviced for forex trading . He will be paying me commission (fixed + performance based). I wish to receive the commission to India in a fully legal and compliant manner and am prepared to pay any applicable taxes in India.
Please advise on the correct and compliant mechanisms to repatriate these funds to my company account (for recognition as business/ profession income), including:
* The legal basis for remittance of commission paid as professional/service income,
* Regulatory compliance required under FEMA/other RBI rules.
* Tax consequences in India (income characterization, TDS, etc).
* Any documentation or agreements needed (professional services agreement, invoices, KYC, bank declarations).
* Reporting and disclosure requirements for the company (income tax returns, transfer pricing, RBI reporting, Form 15CA/15CB if applicable).
* Any additional steps to avoid unintended tax or regulatory complications.
I would appreciate an outline of the preferred options, associated tax/regulatory implications, and a checklist of documents I should prepare.

IF TRUST FILE RETURN OF INCOME IN FORM ITR 5 THEN 10BB IS REQUIRED TO FILE BEFORE RETURN OF INCOME?

how will we get BIN view possible. site is not working

Can I deposit Rs. 10 Lakhs in cash into my daughter's account, and then she can transfer it back to my account?

Does it violate any rules?
Is it attracting any notice or issues from the Income Tax or any other legal issues?

Kindly advise