Mr.x died in an accident. His legal heirs are his mother, his wife, his two major children. He has two shops and a house in tamilnadu. His mother wants to release her share in the above property to his daughter in law. Is it possible? If it so what is the tax liability to his mother and his wife for the transter between his mother and his wife's hands?

Can we show payment in cash (below 10000/-) for the expenses booked as due in the current year in next financial year. If we do so, Does this make the expenses disallowed?

DEAR SIR
My frend purchase a commercial building rs 4crore and take a loan from bank.
He also has a partnership firm And if there is a lot of interest on the loan, then he should buy the property in a partnership firm or as an individual so that he can get the benefit of interest.
interest is high. How can there be benefit from interest?

Can we make TDS payment for the month of Mar 24 before 30th April 2024, or we need to make it before 7th of april 2024.

Respected Sir/Madam,
if Person receives rental income from commercial property and have GST Regd - rent above 20 lakhs, Is there any way to covered under Business Income rather than house property income in ITR, right now his income treated under house property head. But due to taxation purpose we want to reduce tax burden thru legal way.

Many people incorporate Pvt Ltd, transfer ownership of property to company than treated business Income.

Instead of above this, Is this legal way if normal person treated business income from commercial property in ITR without incorporating Pvt Ltd?

I have gst proprietorship firm and have gst commission income but no gst sales.Will I will be required to make a audit by a ca firm? Please advise urgently?

Hi
My father had given Rs 3 lakh to a person. Now he is paying back Rs 2 lakh as final settlement.
He gave 2 cheques (bearer cheque) of Rs 1 lakh each.
So will S.269ST apply when we encash this cheque? As the total amount is Rs. 2 lakh.
Also is it considered as a single transaction if cheques presented on different dates?

If invoice raised in 10.04.2024 but expense related to mar.2024 and we take provision entry of expense in mar.2024 against that invoice but question arise regarding TDS.
when will be TDS will deduct in that invoice when crediting party in 10.04.2024 or in mar.2024 while taking provision entry of expense.

To avail capital gains exemption, investment in 54 EC Capital gain bonds are to be made within 6 months. The six month period ends on 17th April 2024. Though the investment can be made online before 17th April, allotment of bonds will be made only on the last day of the month, viz 30th April.

In such a case, will the nvestment qualify for capital gains exemption as allotment date is beyond the due date for investment?

Sir,
Sec 139(8a) update return filed allowed search or servy conducted persons sec 132,132a,133a