Dear Sirs : One of my clients is a Private Limited Company which has net profit of RS.5.50 crores before tax for year ending 31-03-2024 with turnover of 38.87 crores, whereas in previous years the profit was below Rs.Five crores. Kindly guide me, how to calculate CSR fund for period ending 31-03-2024 . Do the company has to open a new Trust for CSR funds spending or can donate outside as well. Please also guide me for Debit / Credit accounting entry for same. Kind Regards

I HAVE ONE NGO WHICH ARE NOT REGISTERED UNDER 12A AND 80G. THE ASSETS IN BOOKS. CAN I CLAIM CHARGE OR CLAIM DEPRICIATION ON ABOVE ASSETS. I FILED ITR 5 FOR FY 23-24

I am salaried individual. Filing ITR2 for past several years. This is first year I have been involved in F&O trading (nifty index options trading). I have incurred a loss this year. Plan to carry forward this loss to next year. I understand I need to file ITR3. My F&O turnover is less than 2 Cr.

Can the experts advise if incurring an F&O loss and wanting to carry forward this F&O loss makes it mandatory to maintain books of accounts and get a tax audit done. There are conflicting opinions of experts on the internet. So clarification will help. Thanks.

Hi,

I will be buying a new property, for which i will be taking a loan too, If i keep my wife as co-borrower of property but she won't pay, can i claim entire interest amount of home loan in return?

What should be chosen to get max exemption in such case?

Can someone help with below query?

Property 1 (Flat):
Sale value = Rs. 1.7 crore
Buyer = 2 people (equally split)
Seller = 1 person

While filling out 26QB for each buyer, what is to be filled for:
1. Total Value of Consideration (Property Value) = Rs. 1.7 crore or 85 lakhs or some other value?
2. Amount paid/credited currently = Rs. 1.7 crore or 85 lakhs or some other value?
3. Total stamp duty value of the property = Rs. 1.7 crore or 85 lakhs or some other value?

All property amount has been paid to seller. For TDS part, we 2 buyers have already paid Rs. 85,000 each from our own 26QB PANs to sellers. But we both have received notice of "short deduction". Can someone please help with correct values for 1, 2 and 3?

Thanks in advance

If father sale property and invest all amount in new property which is in the name of his son. Do he get exemption u/s 54? Or gain is taxable

Sir,
Tax audit it person new construction started commercial building for hospital f.y.23-24 total value rs:2 cores.
Some construction expenses rs:1.90 lacs payment through on bank online mode.
Some construction expenses rs:10 lacs payment through on cash mode (rs:10,000 limit per day)
Question:
Assessess construction expenses treatment in books and construction expenses value rs:1.90 lacs or rs:2 crores correct show procedure.

What should be rate of TDS on payment made to Google Singapore for Google workspace, Google suite services. Whether TDS will be applicable, if yes under section 195 or subject to equilisation levy

There was short deduction in TDS due to the reason that PAN was inoperative due to non-linking with Aadhar details. Afterwords PAN and Aadhar were linked and we filed rectification statement but demand of short deduction has not been removed

Sir,
A small business it person gold jewellery purchase and sale transactions four time for one finical year.
Question:
Assessess gold jewellery purchase and sale transactions business income or capital gains income treatment in itr show