A trust filed form 10A on 27/10/2021.
Form 10 AC issued by cit exemptions.
Subsequently the trust filed form 10 AB on 27/03/2023. But cit exemptions rejected it. What is the procedure to be followed noe. Can the experts throw some light on this issue please

HI Experts,
I just found somewhere that Property Tax is exempted for female owners & senior citizens. Can someone please confirm if this is applicable to Thane Area in Mumbai?

Also if yes
1)If female is second name in Property will it be an issue ?
2)How do I apply for exemption?
3)Can the property Tax paid can be used to deduct my Income tax liability?

Thanks,

The Capital Gain arising from the Transfer of capital Assets by partner to Partnership firm how is exempt form the Capital Gain TAX

A fee of INR 5000 is imposed under Section 234F in ITR 1 for using an offline Excel-based utility. I wish to submit a "rectification request" to claim tax credits for unclaimed challans.

The initial return was filed under Section 139(1), but upon attempting to change the section in the rectification request, an error was encountered stating that the original return's section cannot be altered.

I proceeded to upload the JSON file with the 5000 INR fees and submitted the rectification request.

I seek advice on how to avoid incurring these charges.?

I had filed a rectification under Section 154, but the offline utility tools are not designed to prepare rectified returns. The return was corrected using the utility tools, and the amended version was uploaded as a JSON file in the rectification request.

Under Which Section We Should Prepare ITR-1 in Offline Utility Tool For rectification request for correction in data for Self-Assessment taxes paid ?

Respected sir,
One of my client want to form a HUF by taking gift from his father. He want to keep the name of his HUF on name of his wife. Suppose his name is Mr. Banwari Lal and his wife’s name is Vinita. Then can he create name of his HUF as “Vinita Devi (HUF)” although KARTA of this HUF will be Mr. Banwari Lal. Please guide.

With regards
Subhash

Sir,
My Company has develop a website from Australian company, now we have to pay Rs.70000 to Australian Company, As per RBI purpose code for foreign remittance- P0802 Software implementation/consultancy (other than those covered in SOFTEX form).

As Per income tax act, remittance is made by an individual and does not require prior approval of RBI. Remittance is of the nature specified under relevant purposes code as per RBI.

TCS on foreign remittance threshold limit is above 7 lakh.

Please guild us which Form 15CA PART need to fill, Part-A, Part-B, Part-C, Part-D or not require?

Thanks & Regards,

In ITR 6 which schedule dereciation rate 60% can be found out

Read more at: https://www.caclubindia.com/experts/ask_query.asp

Income u/s 11 (3) is Rs 19,70,000 (accumulated & not spent within 5 years) is taxed @ slab rate or @ 30% as per section 115BBI expln. b.
Assessee has filed Form 10 for the F.y 2017-18 within the duedate.
But while filing A.Y 2023-24 ITR-7 Rs 1970000 is showing taxable @ 30%
Pls try to resolve the query.

Thank you for your reply Sir.

what could be reason for this ? Banks are pre- validated but not able to figure it out what is the reason.