RAJEEV KUMAR MEHTA
05 October 2023 at 12:50

Credit to NRO account from PPF account

Sir,
How the amount credited on maturity of PPF A/c to NRO A/c will be treated under Income tax rukes!
The PPF account was opened as Resident Indian but after few years the status changed to NRI.
Would appreciate kind advice!



AUDITORS EDAPPAL
05 October 2023 at 11:56

ERROR IN FILING ITR

While uploading the json file for IT filing (ITR5),displaying an error message like 'CAUGHT ERROR DESCRIPTION AS NULL'.


ARUN GUPTA

We sold goods to party in 2018 and now party wants to pay full amount in cash.Can we take full amount in cash on one single day.please clarify?


ashok sachdev
04 October 2023 at 20:14

Is a Will made by email valid ?

My sister, an American citizen, of Indian Origin, recently passed away in India. She had, by an email sent to her son ( also an American Citizen ) just a few days prior to her death, given instructions on disposal of her funds lying in her late husband's NRO account in India.
The son is complying with her wishes.
We, her siblings, are the recipients of these funds. Are we, under the IT Act, exempt from paying gift tax on the same ?


AUDITORS EDAPPAL
04 October 2023 at 17:58

UDIN FOR TRUST

WHICH FORM TO BE SELECTED WHILE TAKING UDIN FOR TRUST REGISTERED UNDER 12AB.
WHILE TAKING UDIN FOR THE TRUST , WHEN WE SELECT FORM 10B SECTION 12A(1)(b),THEN THE RELEVANT ASSESMENT YEAR IS NOT AVAILABLE.PLEASE HELP US TO CLEAR THIS DOUBT.


Marimuthu
04 October 2023 at 16:10

Shutter fabricators

Dear Experts,
1 A company is purchasing the rolling shutters for its buinsess premises.
2 This company has given the order to the shutter fabricators around the value of Rs 25.00 Lakhs
3 The supplier is also a gst registered persons.
4 He has given the quotation as a sale of rolling shutter.
5 The query :
Is this a purchase of goods/services


Abhijit

Greetings,

If a person has to pay monthly rent (INR 50K+) for a residential property to an NRI in a NRO account in an Indian bank account in INR - is it necessary to fill form 15CA/15CB?

Also, will be deducting TDS at 30%+4% cess.

Please guide.

Thank You.


Sanjeet
04 October 2023 at 13:16

Income tax ITR-2 Query

Dear Sir

A person have Capital gain from Mutual fund and Stock also. so while filling ITR-2 no option to show separately- 2 so can he add MF sale + stock sale and put in ITR-2 Seclude 111A Full value of Consideration and same for Purchase

Please advise


Vaneet Monga
04 October 2023 at 13:13

Agriculture income & Business income

Sir

Please advise a person have business income Rs.400000/- and Agriculture income Rs.373200/- Can he file ITR-4 under Section 44AD. earlier year he filed ITR-4 because only business income.

Thank you


Gaurang

Dear Experts,

We as an Society received interest income on FD with Nationalised Bank of Rs.1.9 Lacs and interest from S.B A/c of Rs.15000/-. Pl. guide us whether the said interest is deductable in computaion if Yes under which section and maximum amount deductable.
Thanks,
Gaurang






CCI Pro

Follow us
add to google news


Answer Query

Company
ARTICLESHIP 30 June 2026
2 posts Article assistant and Articleship completed students

Chirag N Shah & Associates

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 24 June 2026
ARTICLE ASSISTANT

BHUPINDER SHAH AND COMPANY

New Delhi

CA Inter

View Details
Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details
Company
29 June 2026
ACCOUNTANT

SANDEEP AASHISH & CO

Araria

B.Com

View Details
Company
13 July 2026
AVP / VP - PCG Advisory

Workforce Connect

Mumbai

MBA

View Details
Company
Featured 24 June 2026
HEAD - AUDIT AND TAXATION

A R JADHAV AND ASSOCIATES

Mumbai

CA Inter

View Details
Company
Featured 16 July 2026
Semi Qualified Company Secretary

Vakilsearch.com

Chennai

CS

View Details
Company
25 June 2026
AUDIT MANAGER

JDAS & ASSOCIATES

New Delhi

CA

View Details