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

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.

Namaste,

I am a canadian PR and residing in canada since last 2.5 years. I haven’t changed the citizenship, citizenship wise I am an Indian Citizen only.

Now, I am moving back to India permanently, what is the best way to send my money to India without any tax implications?

Also, I don’t have any NRE/NRO account in India.

Thanks and looking forward to get best possible suggestions soonest.

In FY 24-25, I will stay 54 days total in India. In the preceding 4 years, I was in India for 365 days +. What will be my status in FY 24-25. I have come to India permanently.

If an Indian citizen is employed for last three years in Singapore and paying tax as per Singapore tax laws, it is said that 60 days rule is not applicable.

My query
What exactly is Indian Income Tax Act/Rule from which I can understand that it is not applicable to an an Indian citizen on employment to a country like Singapore......

Sir, WHERE INCOME FROM SALARY OF A PERSON IS Rs1200000 & income from sale of equity(LTCG) IS Rs.125000, WHETHER ANY TAX LIABILITY WILL ARISE FOR AY 2026-27?

Hello Everyone,

I’m an NRI currently living in Australia. I have health insurance in India for my wife and child with NivaBupa. Recently I got to know that health insurance premium paid annually is GST exempt for NRIs. As part of renewal, I requested them to apply the GST exemption. But their final response is that the feature is not yet “live” in their internal systems for renewals in specific and that they’ll not be able to “facilitate”. They said that since GST is paid to Govt, I can claim it myself by contacting my tax consultant.

If I’m not wrong, GST unlike TDS is not paid against the PAN of the customer but GSTIN of their own business, as such it is their job to do, which is either take payment with GST or provide a refund by taking necessary documentation from me and their tax filing department to report this transaction to Govt as GST exempt. In fact, that is the process I follow for another term insurance plan with Tata AIA. So is there a way that a tax consultant can claim this GST that I paid as part of insurance renewal, during my year end tax filing (or any other time)? Please clarify.

Appreciate your response.

Sir Please help ..

if i write like this agreement is made on 25.11.2024 between 1st and 2nd party that 2nd party will pay rent for ----- amount to first party ... from 01.04.2024 to 31.03.2025.

in this case my HRA will be calculated on the basis of my agreement date or my rental period.

Is TDS Applicable on issuer fee and Annual fee charged paid to CDSL

Hello!

My father is a very senior citizen earning between 10 to 12 lakhs from Dividend and Interest. Learnt that new rebate proposed is not available to them. Can anyone explain the logic for keeping only them out from the category of resident individuals as it's the only income from their hard earned money accumulated over the years.


Thanks in advance