Hello
Client has already purchased a Residential property in March 23 in Pune
In April 23, her son make a gift deed of another property at Mumbai and transferred ownership of the same from his name to his mother's name i.e. client.
Now the client is willing to sale the property which is acquired as Gift from son ( Mumbai ) in coming months
My query is, If client sales such property, will she be able to claim exemption u/s 54 of property already purchased at Pune in March ?
Because the property which she is selling was not on her name in March 23. which is point of concern for me
Kindly give your expert opinion on such scenario

Mother & daughter hold a flat in their joint names, first name is mother and the second name is daughter. Mother paid for the flat in full and no part of the flat price was paid by daughter. In such a case who is liable to I Tax in case of sale to another joint holders, husband and wife.
Who is liable to make the TDS payment and to whose credit the TDS should be paid.

Where the directors of a company work from home where company staff, visitors and clients visit frequently can the company book the following expenses in the company books.
1. Grocessory, vegetables, fruits, toileteries etc.
2. Electricity charges,
3. Telephone Expenses
4. Salary of domestic Staff hired at the residence
5. Repair & Maintenance expenses of company owned a/c and other electric equipements installed at the said residence.

Can the above expenses be booked in company books or they are a perquisites to be added to directors salary income.

P.C. Joshi

please advise are Merchant navy officers / marine engineer falls under the specified professionals as per India’s income tax law.

Please clarify above query considering
1. Marine Engineers sailing on Indian Flagged Vessels (as they receive form 16A from companies) and

2. Marine Engineers sailing on Foreign Flagged vessel (as they don’t receive form 16A from companies) in case they have not achieved NRI status.

For computation of Income tax under Section 44ADA

RESPECTED SIR
I PAID LATE FEE SEC 234F FOR UPDATED RETURN AY 22-23 WRONGLY IN OTHER RECEIPT 500 HEAD INSTEAD OF SELF ASSESSMENT 300 HEAD. WHAT I DO NOW AGAIN NEED PAID OR ANY OTHER WAY TO SOLVE IT. AT PRESENT I DO NOT ABLE TO FILLE IT RETURN. SHOW TECNICAL ERROR. PLEASE ADVICE THANKS....

How to file the rectification request u/s154 in efiling web when we select rectification option given under services window and selected the relevant AY for which we would like to file rectification, it is showing the said year is under scrutiny assessment and we have to contact the jurisdictional assessing officer before completion of assessment. But the assessment is faceless and assessment order already issued but has got some apparent mistakes so we have to file recertification under 154
Kindly guide how we should proceed

SIR
MR A HAVE PRO. OF XXX CONCERN HE BROUGHT A CAR RS. 16,00,000/- AS ON 20.05.2017. CAR WDV RS. 8,50,000 /- AS ON 31.3.2023. HE SALE OF CAR AS ON 30.04.2023 RS. 14.25,0000/- AND ANOTHER CAR PURCHASES AFTER THE THREE MONTH.
MY QUERIES IS
1. IF APPLICABLE BUSINESS PROIFT RS. 5,75,000/-
2.NEW CAR VALUE RS. 26,00,000/-
3. MU WORKING IS WDV AS ON 1.4.2023 RS. 14,25,000/-
LESS SOLD VALUE RS. 8,50,000/-
--------------
5,75,000
ADD NEW CAR 26,00,000
--------------
CLOG VALUE AS ON 31.3.2024 31,75,000
IT IS CORRECT WORKING
THANKS

My client is government high school. They want to apply tan for school. How to proceed for obtaining tan for government high school.
Will you provide any format.
Thank you sir.

Sir,
Is available download Javabase Utility for ITR-4 of AY 2023-24 (FY 22-23) on Income tax website ? when file online ITR-4 of AY-23-24
Also not availabe Javabase Utility for ITR-4 of AY 2022-23 (Fy 21-22) Please inform in details because of Excelbase utility is not proper because of error of macro enabled.
What is code of Interior Decoration and Photography( Freelancer) of Ay-2023-24 ?

Hi ,need to ask that can parsee religion apply for pancard in HUF status.if not that what is the other option of it to form a status except individual.
What are the requirements to form HUF and what docs required to apply for pancard in HUF status