Hi,

One of my clients had won lottery ( Dream 11 ) of Rs. 75000 in F.Y. 2022-23. Before the winning this amount he already lost 50000 rs in the lottery in same financial year. I just want to know, how much amount is taxable in this situation. Total net winning or (Net winnings - previous loss).

Hi sir,

I'm trying to file PT return for Feb 2023 but the following errors are occurring.
1. Error while file upload.
2. At least one BRF message of type W, E, A, or X occurred
3. Balance Payable should not be more than zero
We have paid challan on 05/04/2023. Also have paid late fees of Rs.200 too.
Please help me with this.

Need RPU 4.5 ZIP File
when trying to download the below link:
https://www.tin-nsdl.com/downloads/e-tds/download/TDS_RPU%204.5.zip
I received the below error
HTTP Error 404. The requested resource is not found.
(Pls to share my mail ID sureshbaburaji@gmail.com)
Advance Thanks...

Hi Experts,
Seeking guidance for a scenario where Karta is offering an interest free loan(from personal savings) of certain amount to his HUF for indefinite period in order to purchase a property as a co-owner.
1. Is it fine to give loan out of Karta's post tax savings for indefinite period i.e. no particular time to return back to Karta by HUF. Can there be any tax implications which are being missed?
2. Is it required to have some documentation for such loan or online transfers/cheques are enough?
3. Will there be any tax implication on Karta as an individual(due to the loan he gave) from the rental income of such property or only HUF is liable to pay tax on that income?
Regards

Is TDS u/s 194Q applicable if the electricity bill paid to Jodhpur Vidhyut Vitarana Nigam Ltd. (JVVNL) exceeds 50 lacs in a Financial Year ?

Dear Sir,

Please suggest we have cash Credit Limit in HDFC bank and some Unsecured loan from parties so in balance Sheet we have to show under Long Term Borrowings Or Short Term Borrowings

Sir,
A doctor professional income show in it returns profit declared sec 44ada provision 50 percentage profit declared every year.
Question:
1.Assessess accounting records maintained compulsory
2.balance sheet prepared compulsory every year.

Hi Experts,
I am claiming deduction of Rs. 25000/- U/S 80D for Medical Insurance Paid for self and wife.
Now, Can I claim additional deduction of Rs. 25000/- of Medical Insurance payment for Parents. My parents are below age of 60.

Kindly be noted that the following steps were adopted to create the “TDS/TCS Input file name” to run the e-TDS return through RPU 4.5 & FVU 8.0 version:- right click in blank space of Windows 10 desktop>select new>text document> and then file name was given “ETDS24Q”. The result is “ETDS24Q.txt” is the input file name of the said return and then copy the same and paste it into the RPU folder. But at the time of validation message shows an "invalid file name". I had tried too many times to validate the file to generate (DOT) fvu file in this way but failed. Kindly help me to overcome the default. Regards, Tarak Kumar Roy

Is there any change in Company Car Lease benefits under new tax regime?Car is registered in company’s name and fuel/maintenance bills are paid by employee.In old regime,both monthly lease amount and the fuel/maintenance reimbursed to employee were non taxable.