SAMIT CHONKAR

What is the due date for payment of Tax Collection at source (TCS) under income tax for March 2023?


nikunj tailor

Raj transferred 60,000 to a trust, the income accruing from its investment
as interest amount to 9,000, out of which 6,000 shall be utilized for the
benefit of his son’s wife and 3,000 for the benefits of his son’s minor child.
taxability for raj?


MATTA CHANDRA SEKHAR
14 April 2023 at 18:02

INCOME TAX FILING FOR FY 2021-22

Sir,
Please explain terms and conditions in brief for all the situations.


Chandra Kala

Kindly provide supporting case laws where department made an allegation that there is a cash deposit in bank account without actual cash deposit in the bank account and also made an allegation of sale of shares without having shares at all


MATTA CHANDRA SEKHAR

Sir,

Please give full details of filing the ITR returns for financial year 2021-22


chinu
14 April 2023 at 09:36

Security money deposit

Can the security money, (approx Rs 200000 ) be deposited in NRI's mother's ( resident Indian) account who is a family pension holder instead of his NRO account.


Rakesh Aggarwal

My brother who is NRI is planning to sell his property and he knows buyer needs to deduct 20% plus surcharge from amount of consideration and if buyer deducts in the month of April and deposits the deducted amount in same April month and He also wants to get TDS certificate in the month of April. My question is: Is it possible to deduct, deposit, generate and issue 16A in the month of April ? Because after registration of property in the name of buyer he does not want to chase buyer for 16A. Please suggest?
Thank You Sir for your reply, But Is it possible to file the TDS Return in April and generate 16A in April. Because this is one off case of TDS for the buyer, thanks


H Thakar
13 April 2023 at 16:54

Tds U/s 194M

One of my client who is individual (not covered under audit) has carried renovation for his personal properties and the payment for the same has been from his personal account. The amount of the same will exceeds Rs 50 Lakhs in coming months.

I just want to confirm whether tds u/s 194m will be applicable (‘work’, ‘contract’) or not?


Prakash Joshi
13 April 2023 at 12:06

HRA exemption to Spouse

Dear Friends,
Can anyone please give a considered views on the following.

A and B are husband and wife and are directors & promoters in a company. They are taking a house on rent for residential purpose. The landlord says lease can be in any one name of the spouse(not joint name or not even in company name).

Under these circumstances, I want to know if the lease is made in one name either husband or wife can they both equally claim HRA against it as they both will stay there and rent will be paid from their joint account and both are working for one company. Auditors says only one in whose name the lease is can claim HRA not the both but I want to have one more opinion .

Secondly, as they will be doing working from home can they claim expenses relating to office like electricity, staff salary, staff welfafre etc. though it's not a company/commercial lease

CA friends can please advise.

Thanks

PC Joshi



Shweta

1) Whether the interest earned on Employer contribution to PF is taxable or not?








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