There was a HUF of Husband, Wife Son and two daughter. Now after the death of Husband(Karta), can HUF surview with Son(New Karta), mother and 2 daughters?
While filling capital gain details in ITR 2 excel updated return I unable to add second sale of house property. Shall I consolidate sale of two houses and also consolidate cost of improvement for two houses. Pl advise us
We have take office car on rent on monthly basis then in which head of expenses we have to booked?
I have a money-back Insurance policy with AGEAS FEDERAL (formally known as IDBI FEDERAL).
I have paid premiums for 10 years, and now, from this year onwards, I will be getting around Rs. 2,85,000 per annum back for the next 5 years. This year I got Rs. 284705.18 credited in my bank account.
What is the taxability of this receipt?
Kindly advise
sir, i have filed a belated return(itr2) of client for ay 2024-25 on 14 dec2024 claiming there in income of 2 minor children (bank fd interest income)(return filed in mother's pan) and also claimed tds deducted under pan number of respective minor child as per form 16a of rs 17685 correctly. while processing this return they have issued refund of only one child's tds rs 8825 hence subsequently rectification request filed which was processed now with laibility of rs 8860 (17685 minus 8825 ) thus disallowing entire tds amt of rs 17685. reason given is Form 26AS does not contain amount
of TDS/TCS with respect to the
TAN mentioned in schedule TDS 1/. as such pl guide me how to rectify the case. thanks.
If party deduct TDS late and same shown after 31 dec. In 26as then in ITR U can we claim TDS next year by carrying forward the same?
One of the Trust/society wants to surrender its 12A registration and 80G registration due to no work.
It is filing regular ITR-7 from last several years.
is there any option under the Act to voluntarily surrender the registration so that no ITR needs to filed ?
A person (X) enters into a contract with a company (Y) to supply labor for executing a specific work. X is obligated to provide the required labor but does not supervise or control their work. The company (Y), as the principal employer, directly pays wages to the laborers to ensure compliance with labor laws (such as timely payment, EPF deductions, etc.). X is paid separately as a percentage of the labor supplied. Given that:
1. X does not act as an agent of Y but has an obligation to supply labor for a specific work.
2. The wages are paid directly to laborers, not routed through X.
3. X receives a fixed percentage payment based on the labor supplied.
Would the payment to X attract TDS under Section 194C (supply of labour for carrying out work) or Section 194H (commission/agent)? Additionally, should TDS under 194C be deducted on the wages paid directly to laborers?
Respected Sir(s)/Madam/(s)
I have received salary arrears of Rs.1 lac in Current FY 2024-25 (Rs. 60000 Pertaining to FY 2023-24 & Remaining of Rs. 40000 Pertaining to Current FY 2024-25).
I have filed IT RETURN of FY 2023-24 in Old Tax Regime but now can i change new regime (Or vice-versa) of FY 2023-24, while calculating the arrears as per section 89 In Form 10-E ?
I need professional second opinion. I had filled an income tax appeal in feb 2024 through a lawer/CA. Since then I have been asking them when will be appeal heard and they saying that they have not received hearing notice. As year 2024 ended and finacial year is about to end also in 20 days I am worried sick so I asked them again they said same thing again but after that I received following message on 6 March 2025. Am I right that they forgot to do something earlier and wasted my time ? I can not confront them without professional opinion.
Thank You very much for your time.
1 Feb 2024
Informational Message :- Fw: [ITBA]Enablement of Communication Window
6 March 2025
Response to Notice ID ITBA/NFAC/S/62/2023-24/1060361890(1) successfully submitted
Response to Notice ID ITBA/NFAC/S/62/2023-24/1060355811(1) successfully submitted
HUF-Survival