Hi,

Our Oversees client want to give gift to our resources.

what to receive gift from them to avoid taxation on it.

Should we raise the Invoice amounting to gift value ? or anything else ?

Please suggest.

Whether 15CA OR 15CB is required purchase machinery from foriegn country for Rs.5,00,000

Could Assessee take deductions while filing Rectified return after completion of AY where ITR Processed under old regime since form 10-IE filed after due date

Sir,
Assessess previous 12 years earings income from working private institutions etc source amount rs:15 lacs deposit in bank sb account.
Question:
Assessess reply submitted procedure previous savings amount submitted to it department.

A practice Chartered Accountant is to certify Form CSR-1 invariably, if the entity is registered under Companies Act. However, the Applicant entity is a Trust for which no such particulars are incorporated in the FORM CSR-1. How the practice Chartered Accountant expected to sign in the absence of declaration for Applicant entity who is a Trust.

Hello Sir/Madam,

I have filed a ITR for AY 2023-24 and forgot to file 10IE for the New Tax Regime. Now demand is raised for the same. Kindly provide your guidance for the issue.

what is payment under protest to tax deptt.
Like Income tax paid under protest and
GST Paid under protest.
where to show it under scheduled III Balance sheet.

Whether 15CA & 15CB is required for advance payment to non resident for purchase of machinery

Can the father and mother remit separately Rs. 7 Lakh each to their son for educational purposes under LRS Scheme without attracting TCS

Also, what is the definition of "close relatives" for sending money abroad for maintenance of their relatives without attracting TCS provisions under the LRS Scheme?

I am selling my rural agricultural land for 50 lakhs.
1) Can I deposit the amount as Fixed deposit in my bank account?
2) Is there any tax Implications?
3) Should I buy another agricultural land or residential property to avoid Capital gains?Note:-Sold propery is Rural agricultural land