NAGULA NARENDER
12 February 2025 at 14:03

80g Rejected

Dear Sir My 80g is Rejected recently. How to Fresh apply in Form 10AC


Suresh S. Tejwani
12 February 2025 at 13:42

SHORT DEDUCTION CASE OF TDS

Is the case of Short Deduction of TDS appealable in any circumstances or is there any other way out to resolve the same?


Ashish Gupta
11 February 2025 at 18:14

Income Tax Audit for New Partnership Firm

My client has started business of pharmaceuticals under Partnership Firm. They started the business on October 2024. In December 2024 they got the GST Registration.

They bought some materials & some fixed assets. But they do not have any sale till now & according to them this FY (2024-25) their sale will be NIL.

Is ITR filling is mandatory & if yes is audit required as they have loss arise due to depreciation on Fixed Asset & some expenses to run the business.


MAKARAND DAMLE
11 February 2025 at 17:14

Form 26QB Instalments

While filling Form 26QB Stamp value of the property is to be entered.
When payment towards property is in installments what stamp duty to be entered ?


pkkapoor
11 February 2025 at 05:03

Benefits to sr. Citizens

For AY 2025-26, what are the benefits to sr. Citizens ( 60+)?


Suresh S. Tejwani
10 February 2025 at 18:34

DTVSV HOW TO WITHDRAWAL OF APPEAL

HOW TO WITHDRAW APPEAL FOR FILING FORM-3 OF DTVSV ?


Kunjan


a pvt.discretionary trust is partner in a partnership firm, trust received 80 lakhs as share of prift as it was partner in firm (claimed exmpt).

same amount was given by trust to individual beneficiary of the trust,

if a pvt.disc. trust gives a cheqe to its benefeciaries, i think its distrubtion of capital,, hence not taxable in beneferias's hands.

but AO taxed in beneficiarie's hands stating , pvt. disc. trust earned exempt income which it distribtuted to its beneficiary and hence, as beneficiary is not directly earning exempt income as partner in firm, its taxable in beneficiary as other source income.

my view--> trust has just distributed capital , where is it income of the beneferciary?
is ao right?


PROFESSIONAL ADEPT
10 February 2025 at 18:32

Treated as invalid return

Sir,
We filed updated return for the year 2022-2023 on July 2024 17th.But due to technical reason the audit report not got uploaded on same day. Audit report was filed on 24th July.Json error was the reason for the delay.Notice was issued for defective return,but was unable to submit the reply.so the department treated as invalid return.We have paid nearly 2 lakh rupees tax for the same.Kindly help what to do next.Can we file appeal for the same.Pls help.We tried to reply the notice but was not able to submit the same.Please help


afreen shaikh
10 February 2025 at 13:40

RECTIFICATION U/S 154 REVISED RETURN

IS ASSESSEE ALLOWED TO FILE REVISE RETURN OF INCOME AND TAX AUDIT REPORT WHEN APPLIES FOR RECTIFICATION U/S 154


SUBHANKAR MULLICK

Dear sir/ Madam,
we have a registered society incorporated on 22/07/2022 and started business from 01/09/2022 . now we want to take exemption u/s 12A and 80G and for that what form should we file form 10A or form 10AB as we already started business.





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