IS PARTNER IS ALLOWED TO MAKE TRANSACTION IN CASH WITH FIRM IN WHICH THEY ARE PARTNER?

Assessee filied his ITR on one PAN which is linked with aaadhar where as in another year ITR filed with another pan which not linked by aadhar. Now reassessment has come for the ITR which was not linked by aadhar. To submit the information the assessee unable to answer the reassessment proceedings due to non linking aadhar of aadhar. how to solve this problem?

Dear Sir, the late filing fee U/s.234E are there for the F.Y. 2012-2013-2014-2015. I understand that up to the F.Y. 2015-2016, the above said section does not have the proper legal back up, hence may be challenged. Is it correct sir? if so, some back ground on this is requested.

Hello

Getting the cited message though I havn't claimed deduction u/s 54F. How to resolve this ?
Pls help

Dear Sir/Madam,

Please guide how to file Revision under Section 264 in The Income Tax Act, 1961. As I'm not able to find any direct or indirect facility in the income tax, e-filing portal. Although few experts, on this platform are guiding to file Rectification (u/s 264), but in my perspective this a wrong practice.

As Revision and Rectification under the Income Tax Act, 1961 are two distinct mechanisms.
Kindly advise the correct procedure for filing a revision under Section 264.

After reading a few questions on tds under 195, I got a few questions, if anyone can kindly help me understand.

1. If I purchase courses from coursera for personal use. The invoice mentions their foreign address. Do I need to deduct TDS under section 195. I have also purchased a few courses from udemy but the invoices mention Haryana office.
2. As a part of the same question, do I need to deduct tds for payment to Netflix and prime video. Both of the invoice have the India address of Netflix and prime.
3. I have also booked travel air tickets from Agoda and few sites which also have their foreign addresses in the invoice. Do I need to deduct TDS in this case?
4. Also, as an individual, what should I check to know if I need to deduct TDS?

As an individual with no audit or anything, is there any scrutiny for these things

what is TDS rate on employment news and Rating agency Like Crisil.

An individual & his spouse purchased a flat in joint names while they were employed and were resident in India. Thereafter they both went abroad and become subsequently NRIs. But flat in India is still lying closed and is not rented out and is in self possession only and they are not earning any rent etc as it is not let out . There is no loan and no interest liability . Hence following queries:-

1. Are they still required to fill schedule of " Income from House property " in their respective ITRs when income of house property is NIL. OR they are really not required to fill schedule at all , as there is only one property and is in self possession only. ?

2 Are both of them required to show same flat in their individual returns ( as there is only one flat ). as the flat is in their joint names as " co-owners " ,??

3. Is it compulsory to fill schedule of " Income of house property " even if there is one property and that too in self possession and with "NIL" income therefrom.???

4 Will there be any issue foreseen when they will sell this flat some time in future but are not filling schedule of " Income from House Property" of present years when they are still owners.????

Pls guide on above four points assuming that there is no loan interest to be paid .

I have payment due of rs 25000 since fy 2021-22, supplier is a trader of chips . Supplier fulfils criteria of msme . In this case do i need to make payment before31-3-2024.


And in case supplier has closed down business how can i make payment . To that msme if it is required to be paid

Good Day.
When a company buyback the unlisted shares, is it required to deduct any tds from the amount payable ?
I understand company has to pay tds for buyback but not clear if company is required to deduct any tds while paying to shareholders of such unlisted shares .
Please help with the correct position in this regard.
Thanks