A trust is in operation i.e performing charitable activities since long but has never applied for registration u/s 12A. After the introduction of new section the trust applied for registration for the first time and provisional registration was alloted.
Now my query is regarding the time limit by which the abovesaid trust should file 10AB to get final registration for 5 years, as the condition of within six months from commencement of activities seems impractical. Experts please guide

what is MAT rate for companies.

Kindly clarify whether the criteria for deduction of tax/collection of tax at source for Purchase / sales has to verified for each assessee every year . That is whether we have to look for the triggering point
1. Turnover/Gross Receipts/Sales from the business of BUYER should exceed Rs.10cr during previous year (Excluding GST) Purchase of goods of aggregate value exceeding Rs.50Lakhs in P.Y. (The value of goods includes GST) T
2. Turnover/Gross Receipts/Sales from the business of SELLER should exceed Rs.10cr during previous year (Excluding GST) Sale consideration received exceeds Rs.50Lakhs in P.Y.

each year for the deduction or collection and to wait till the sale or purchase exceeds 50 Lakhs or
continue to deduct tax /collect tax as done in the previous financial year without verifying the trigger point

How to inter Change Head office and branch at SSP portal, what documents are required?

I have a problem with AIS for FY 2021-22.

I had purchased shares of Tanfac Industries in 1998. These shares were dematerialised in Oct 2018 with SBICAPS (CDSL Depository). I closed my trading account with SBICAPS and opened an account with ICICIDirect (NSDL Depository) in Feb 2021. The Tanfac Industries shares were moved from CDSL to NSDL in Feb 2021. I have physical documentation of dematerialisation to CDSL in Oct 2018 and Closure/ Transfer of shares to NSDL

I sold the Tanfac Industries shares in Aug 2021. However, the AIS for AY 2022-23 shows the sale as “Short Term” whereas I have been holding these shares for more than 22 years. NSDL has records of my holdings from Feb 2021 only.

Is there anyway to correct this online?

Respected madam/sir...

-Any gift amount above Rs.50k p.a is taxable. Is this rule applicable if a son is gifting to his father

- My father (senior citizen) is a retired employee with less than Rs.15k pension p.a. I'm gifting Rs.2.5L p.a for his expenses.how much more can I gift him p.a in order to aviod my father getting taxed.

Dear Sir,
We have Deducted TDS of Several Transporters against their Bilties in the F.Y. 2021-22, Now for the F.Y. 2022-23, whether we will start deducting TDS from their 1st Bilty or we will have to cater as fresh start and check the threshold limit (Rs. 30000/- against 1 transaction or Rs. 100000/- overall) again in F.Y. 2022-23.
Kindly resolve the query asap.

air ticket booked on 19.03.22, travel dt. is 19.04.22
air ticket bill received on 20.03.22

whether booked as prepaid exp or normal exp.

DEAR SIR,

ONE OF MY CLIENT PURCHASED A LAND BY PARTNERSHIP BUT NOT ENTERED ANY PARTNERSHIP DEED OR AGREEMNT JUST BY FRIENDLY AND WITH FULL FAITH. NOW HE WANTS SELL THE PROPERTY THE PROPERTY HAS BEEN REGISTERED IN THE NAME OF HIS FRIEND. NOW MY QUERY IS WHEN SELL THE PROPERTY THE AMOUNT WILL TRANSFERED TO MY CLIENT BANK ACCOUNT THE PROBLEM IS HE IS NOT A PROPERTY OWNER BUT HE WILL RECEIVE THE AMOUNT OF SOLD PROPERTY. HOW TO TREAT THIS INCOME OF MY CLIENT THE AMOUNT WILL BE SHARED AFTER THE SALE OF THE SAID PROPERTY.

PLEASE GUIDE ME

REGARDS

My father is karta of a huf firm. Can this huf firm give me gift of 10 lakh rupees. Will this gift be taxable? Please explain.