Suresh S. Tejwani
15 July 2025 at 11:41

REGARDING TAXABILITY OF ULIPs

If Unit linked insaurance policy has been purchased in the year of 2003 and the policy has been surrendered in the year 2024 before its maturity then what would be its taxability?
And if the amount of premium exceeds Rs. 2,50,000 then exemption upto Rs. 2,50,000 shall be available under section 10(10D)?

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Kunjan

a temple trust is claiming 11 exemption since 25 years having old 12a registration.
my doubt comes --> is 10AB required to be filed for asst. 21-22? I feel its only required to be filed now before sep 2025 for renewal of 10AC right for next 5 years?
But was it required for old years? say was 10 AB required for asst. 2122?

my view--> no 10ab IS ONLY required now, for next 5 years . Department cannot insist 10AB for old years, asst. 2122 (as trust is reqigstered u/s. 12A under old provisions since 2001). Trust already has 10AC from asst. 22-23 onwards.

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Varun Monga
14 July 2025 at 12:32

Optimum Salary Structure

Hello All,

Please help in providing a suitable salary structure which will ensure minimum tax liability for the employee and at the same ensuring that the company is tax compliant .
Would appreciate an early response ,
Thanks for the support
regards
Varun Monga


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Arihant Npro badge

According to income tax and GST law if we have digital certificate and if issue sales invoice to the customers should we take sign of the customer or we can just do digital signature and then send via online platform
And if you don't have digital signature should we take signature of the customer in the sales invoice or not necessary thank you

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V K Vijayaraghavan
12 July 2025 at 20:13

Form 67 FTC

Dear Colleagues
Based on ITR of USA which has details of income and taxes paid for a calendar year while in we have Apr - March . In order to match the same how to delete Jan- March of 24 and add Jan-Mar 25 and corresponding taxes for the period . Also when the ITRs in U.S was filed jointly by Husband and wife how to split up and attache tax paid challans which is for a whole amount

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Satish Mehra
10 July 2025 at 12:35

Tax planning for my rent income

Hello experts, I am a salaried individual, my slab is already in 30% taxed (40lakh salary). Now I have a building which i want to rent. Expected rent is 25 lakhs yearly. Please help me plan my taxes so that i can save in taxes. Is there any way i can take these rentals in HUF account. Or if there is any thing else please let me know.

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PANDIAN BRIGHT
09 July 2025 at 14:22

TDS FILING FOR LOCAL AUTHORITY

Good afternoon Experts,
I want to file TDS return for Local authority under state goverment. Now the Tenure of the president has expired. All control comes under Block Development Officer. Now I want to register this Local authority in TRACES p[ortal. what details to be entered in the "The Person responsible for making payment/collecting Tax" tab. Please guide me proceed further. thank you

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Suresh S. Tejwani

Late filing fees for latest correction has been received after filling correction statement
Then what is such penalty and what is time limit for filing correction statement for avoidance of additional late filing fees?

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ram nagesh
05 July 2025 at 13:28

Case laws required

Demand raised from revaluation of assets in the case of trust- caselaws required

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Chandra Kala

caselaws for non consideration of exemption u/s 11

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