LLP wants to remit approx 40L to Artist in Dubai. Is TDS deduction is applicable as there is no Tax Dubai.

In Q4 of FY 2024–25, we paid cash incentives through bank-issued gift cards to our employees.

Due to an oversight, these incentives were not included in the original Form 24Q (TDS return).

In June 2025, we recognized this error and included the cash incentive portion as perquisites, and the company paid the applicable tax (with interest) on behalf of the employees.

A revised TDS return was filed. However, we did not show the tax paid by the company on behalf of employees as perquisite in the revised return.

Due to a software error, the TDS credit did not reflect in Part A of Form 16, though the perquisite details appeared in Part B.

As a result, employees paid the tax themselves on these perquisites and filed their income tax returns accordingly.

After September 16, 2025, the software issue was identified and rectified, and a second revised TDS return was filed.

Now, tax credit is appearing correctly in Part A of Form 16 for the respective employees.

We have advised employees to file revised income tax returns to claim the tax credit.

Initially, the company planned to recover the tax amount paid on behalf of employees from their September 2025 salary. However, our CEO has directed that this tax should not be recovered from the employees and has offered to bear the entire tax burden himself

🙏 We seek expert opinion on the following points:

Perquisite Classification:
If the company does not recover the tax paid on behalf of employees, will this be treated as an additional perquisite under Section 17(2)(iv) of the Income Tax Act?

Tax Recovery from CEO:
Is it legally permissible and compliant under the Income Tax Act to recover this tax amount from the CEO’s salary instead of from the respective employees? What are the possible compliance issues or audit risks?

Gift Treatment:
If the company recovers the tax amount from employees and later issues the same amount as a Diwali/festive gift, what are the tax implications? Would this result in double taxation or any unintended consequences?

Correct Recovery Method:
What is the proper method to recover such tax amounts from employees after the company has already deposited it with the government on their behalf?

Implications of Non-Recovery:
What are the legal and tax consequences if the company chooses not to recover the tax paid on behalf of employees? Are there additional disclosures or compliance requirements we must meet?

SIR, MY FRIEND WHO IS A RESIDENT AS PER INCOME TAX ACT, HAS SOME RENTAL AND INTEREST INCOMNE FROM AUSTRALIA. SINCE AUSTRALIA FOLLOWS JULY TO JUNE OF EVERY YEAR AS TAX YEAR, FOR CALCULATING AND FOR CLAIMING TAX CREDIT, FOR AY 2025-26, WHICH PERIOD TO BE CONSIDERED OF AUSTRALIAN INCOME.
IN OTHERWORDS, WHETHER 1/7/2023-30/6/2024 OR 1/7/2024 TO 30/06/2025? THANKS

When filing Form 10AB, only 12A and 80G are visible, but Section 10(23)(vi) is not appearing.

Is it required to submit ITR for charitable trust / societies before submitting form 10AB for renwal of Registration. If so the Form 10BB not inserted by the Department

Respected Colleagues,
One of my client running Restaurant and building of restaurant already shown in fixed assets, now proprietor wants to add another property (hotel) in business through valuation dated 17.02.2025 from Certified IT valuer and creates a new fixed asset in business to claim depreciation, now my question, Is proprietor follows correct way to capitalised the hotel in books through valuation is the correct way or some other way ?....kindly guide

UNDER SECTION 194 IB, IF THERE ARE TWO TENANTS AND THE RESIDENTIAL PROPERTY IS ONE, THEN IF THE RENT IS 60000 PER MONTH IN TOTAL. AND EACH TENANT GIVES 30000 PER MONTH, IS SECTION 194IB APPLICABLE?

We received advance money of Rs3 lakhs by a party but party did not gave us balance 2 lakhs rupees. We forfeited the party's amount.how will we show in income tax? Is any gst payable on the forfeited amount although no supply of goods was made by us to the party? Please advise?

Money received by wife from husband through her mother in law by out of court settlement and it is shown as evidence in court as a settlement and the proof to be given to the court. The amount received by wife is taxable or not and the money is deposited by her mother in law in Bank whether that amount is TDS deductible?

My friend is buying a house property for Rs. 85 lakhs. While making the payment to the seller he has to deduct Rs. 85,000/- as TDS. In this regard, shall I prepare Form 26 QB and remit the TDS amount.