Caselaws against 269SS for cash receipt of chit amounts

25-01-2024

From
CA Laxmi Mittal
Vapi

Sir!
Re. Not able to register at I.T. site of New TAN no.

1. After being redirected from TRACES site as Register as new user ---Deductor -- we are being redirected to I.T. e filing site for TAN registration
2. All details like PAN no., mobile, mail ID, address is filled , PIN Code & other details are not fetched. What is the problem pl..... We have tried several to register at IT site.
3. We have downloaded CSI file of the challans paid for December Quarter from |I.T. site .
4. Above all we have not with us challan no. & BSR code after payment of TDS as TDS is paid online. In debit advise, BSR code & challan no. is not mentioned.
5. TDS RPU-4.9 version , all details are being filled , Form 27A is generated , but error file is generated showing Invalid challan details i.e. BSR, Challan no.

Pl help us for
a. TAN registration at I.T. site or
b. Where to get BSR code & challan no. for the payment made by us. Bank is saying that for online payment they are not able to give challan no. & BSR code.

Seeking urgent reply pl.
Thanks!
CA Laxmi Mittal

Respected Sir
The sale of house property was in April 2033 ( long term capital gain )
The capital gain was not kept in capital gain account. The purchase of new house property will take place in Msrch 2024
Whether exemption will be available?
Please clarify
Thanks in advance

sir,
Disallowance under sec 43 (b) h can be attracted for assessees opting presumptive taxation of i.e. sec 44ad/sec 44ada/ sec44ae ?

whether 95% of cost of the assets to be depreciated over the useful life of the assets.
and also
when to be depreciated 50% in the year of assets Acquire.

Return of Income u/s 139(8A) for A Y 2022-23 was filed with Total Income Rs.20,000/-. Assessee is having no other income.
Now notice has come saying that above Return of Income is defective since it is not accompanied by valid proof of payment u/s 140B and correction of defect has to be made by filing corrected return
However assessee does not have taxable income and hence there is no amount payable u/s 140B

My question is what corrective measures need to be taken in this matter /

Respected Sir
Please clarify the following
The sale of house property was in April 2023.The proceeds are kept in bank sb account. It was not transferred to Capital gain account scheme.The new house property will be purchased in March 2024.
The query is whether the exemption will be get even though it is not kept in Capital gain account
Please clarify
Thanks in advance

Sir,
A NRI individual wants to transfer some amount say Rs 9 lacs from his NRO a/c to his resident parents here for their maintenance and well being. Hence queries :-

1. Is there any upper limit up to which he can give funds from NRO a/c to his parents for their use ?
2. Will the receiving parent be required to show this receipt while filing their ITR ?
3. Is there any requirement to create any formal gift deed for this transaction ?
4. Will there be any requirement to create gift deed if amount for transfer to parent is even more say upto Rs20 lakhs .?
5. Will there be any requirement to create evidence of transaction which otherwise is already a bank transfer only.?

Pls guide.

Can a Non resident individual/foreign company apply form 10F without having PAN. If yes, so is there any requirement of authorised signatory's PAN of foreign company while filing of online Form-10F? Please suggest

Respected Sir,

I have invest Rs.210000/-( its not a single payment investment its 9 Months SIP investment. some top up during marketing Crash ) In Mutual fund and Rs.109800/- In stock in Whole year. Its high Value Transaction ?
in point of view income tax can i face any issue Means any notice etc

Annual income Rs.400000/- i am regular filed ITR-1 due to income from Salary .
I have Depsoit Rs.300000/- ( 1+1+1 Lacs in Fixed deposit )
As on april my bank balance Rs.118000/-

Please suggest sir,