1) The assessee is a Private Limited company;
2) It derives Rental Income only from the Proerty which is shown in the Fixed assets;
3) Object cluase doesnot have Renting as the Main Object;
4) Depreciation not claimed
Query: Whether in the given scenario it will be assessed under Business Income or Income from House Property.

Form 10B not yet released

One of the brother receives land as gift from Brothers wife.

Will it be liable to Income tax

Do we need to file Tax audit report and ITR for company incorporated on 26th Mar 23 on 30th Sep 23 or 30th Sep 24. As per companies act financial year ending for company incorporated after January 23 is next Mar 24. ? Is the interpretation correct and should I file Tax audit & ITR under income tax act..

Hello,

I have an doubt about the income tax return of the partner where partnership firm has liable to file tax audit in case is it compulsory to file ITR of the partner even though income of the partner has below exemption limit.

As a deductor i have total 23 deductee can i pay all deducted amount through one challan ?

Sir,

Invoice Value Rs.161200/- Party is not registered in GST ( farmer) so can we accept Cash Rs.161200/- from Sundry debtors

Please advise

A housing society is claiming deduction under sec 80p(2)(d) of interest received from investment in co-operative society . Society has also received interest from saving account maintained in other op-operative society. But housing society is claiming deduction only in respect of interest from investment in co-operative society by declaring in income from other source head
Interest from FDR In Other Co-operative Society 50000
Interest From Saving Account maintained in other Co-operative Society - 15000

I am claiming deduction under section 80P(2)(d) of amount Rs. 50000

Error : In Schedule 80P, the amount in Sl. No. (11) amount eligible for deduction should not be more than sum of Sl. No. 1(a)+1(bii) of Schedule OS + 5(ii) and 5(xiii) of Schedule BFLA subject to interest and dividend declared in Schedule P&L.;#;Kindly restrict The amount eligible For deduction mentioned in Sl. No. (11) of Schedule 80P to the sum of amount mentioned in field dividend gross and Interest from Deposits (Bank/ Post Office/ Co-operative Society) i.e Sl. No. 1(a) + 1(bii) of Schedule OS+ 5(ii) and 5xiii of Schedule BFLA subject to interest and dividend declared in Schedule P&L

Sir/Mam,

one person not linked aadhar and pancard with in due date 30th june 2023, Now what is process to link aadhar and pan , how much penalty

Please kindly guide

Thanking you,

Hi,
Filling ITR 2 as an NRI,
I need your advise where exactly to show the Dividend income under OS(Income chargeable at special rates), Dividends received by non-resident (not being a company) / foreign company chargeable u/s 115A(1)(a)(i) (OR) Dividend Income (Other than (ii) or Dividend Income u/s2(22)(e)

Thanks in advance for your advise.