Can nri claim relief under section 89 and if yes is there any liability to be follow in case of NRI. What are key points to keep in mind while filing such return
Just as u/s 32 where "use" could mean actual use or ready for intended use, even in the case u/s 31 for repairs of plant and machinery does the word "use" have the same two meanings as given for depreciation?
In such case if I have a plant and machinery ready for its intended use but I have not actually used it in the year even for a single day, then can I claim any repairs incurred on it as deduction in such previous year, by considering it as passive use?
Does passive use always mean "ready for intended use" or does it also mean irregular use?
Due to any exigencies if a society is unable to file Form 10BB and ITR of the current year so my query is what would the late fees applicable at the time of filing of Form 10BB & ITR?
LET ME KNOW IF WE RECEIVED 1ST TIME TECHNICAL SERVICE BILL AMT RS 25000 WE DO NOT DECDUCT TDS & 2ND TIME WE RECEIVED 25000 TDS BILL
PLEASE LET US KNOW WHICH AMOUNT WE SHOULD DEDUCT TDS 25000/50000?
Regards
Sir,
A person (son) buying a property name mother value rs:60 lacs
Rs:20 lacs amount pay to son
Rs:40 lacs amount pay to mother
Question:
Above mentioned property buying transaction benami act applicable.
Dear Experts,
1 A company is remitting the payment to the private insurance company towards the policy premium for its vehicles.
2 Pls explain the TDS implications on this payment?
Hello, can anyone help me understand which ITR form I should file? I am a freelancer providing services like content creation, digital marketing, web development, and blogging to clients.
Should I opt for 44ADA, 44AD, or ITR-3?
This question is crucial because there isn't specific information about this on the Income Tax website, and many of us might be filing the wrong ITR.
I am self employed, live in Delhi and I file zero ITR
In November 2020 GST Intelligence team raided my home in connection with GST evasion of around 50 Crore. Then I found that someone else had created a firm on my pan. I gave my statement and filed a police complaint next. They did not find my involvement or evidence against me so since then I never received anything from them.
In 2021 and 2022 I received summon 131(1A) from Income tax, I went to civic center, recorded my statement , submitted affidavit.
Since then I am getting notices from income tax frequently and I am submitting their replies on income tax website. In June 2023 they gave me demand notice (221) for 23 crore payment and Now they have attached my saving account.
What Can I do now ?
Thank you
Dear all,
Our company gives advance to the employee to meet expenses incurred at the branch.
Nature of the transaction includes fix payment to labour contractor,rent ,electricity ,water,food ,stationery purchase,internet service ,mobile expenses etc..
Post payment employee prepares a voucher and sends the same to HO for accounting against advance payment.
Some of the expenses attract TDS as well.
Now my question is, Do we as a company need to deduct TDS on such reimbursement?
Regards,
Ravi Konda
Trust filled an application in Form 10A under section 12A and 80G. the provisional registration in form 10(AC) is issued by the ITD. Then the trust file form 10AB under 12A and 80G and the form is rejected with provisional registration approved in 10(AC). So, i want to know how to proceed further without approaching ITAT.
Thanks
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