IF PAYMENT MADE BY ASSESSEE OF DEMAND UNDER HEAD OF 300 BEFORE PASSING ASSESSMENT ORDER BY AO, THEN SUCH CHALLAN CAN BE SET-OFF AGAINST DEMAND RAISED?

sir,
A Individual small business tax payer house hold expenses rs:4 lacs amount all transactions through bank channel paid f.y. 24-25
Question:
Assessee house hold expenses detailes and any limit provision applicable for one finicial year in it act and house hold expenses detailes asked it department as per sec 142 (1) in it act.

Sir,
I have sale an old house for 40lak on 01/01/2024.
But till today on 02/03/2025 i have only received 20lak .

Now i want to take the benefit of sec 54 or 54EC , thought i have not received full amount ,how to take benefit.

Please suggest

is materials purchased in cash 50,00,000/- acceptable or not incurred, in one case consumable purchases are more than 50 lakhs towards consumable purchased shown in profit and loss account

Just a general query,
Suppose X purchases a fixed asset of Rs 1 Lakh in cash on 01/04/2024 , If he makes payment of whole 1 Lakh on 01/04/2024 Section 43(1) will attract & Cost of acquisition will be treated as NIL but what if he pays Rs 10000 each day from 02/04/2024 to 11/04/2024 will Rs. 100000 be treated as cost of acquisition then?

Someone is Resident but not ordinary Resident and he is not having any income from india and currently residing in US. he has a property in India. My query is whether he is required to file any return in india to show the property and if yes then which ITR should he file ?

I was earlier filing share trading activities as STCG or LTCG earlier as applicable. But since last two years I am doing share trading as full time activity and have frequent transactions (Intraday/FnO/cash positional/long term). As per my knowledge. I have to show FnO trading as Business income. But Can I show my cash trading activities as Business income and not as STCG/LTCG. ( since I can claim expenses if I show as Business income and as individual tax payer, I have to pay tax as per individual tax slab) I have read somewhere that if I shown cash segment trading as STCG/LTCG earlier, I cannot change it to Business income. Please guide

Dear Expert,

Our client Purchase Land(NA) for Rs. 5cr from a seller Mr A and Mrs. B (50%share Each). and Requested to credit amount in Mr. A Bank A/c.

I have a Querry
Should i deduct TDS @1% on 5cr on Mr. A PAN
or
Deduct 1% TDS on 2.5cr each for Mr A & Mrs. B PAN
Kindly Help

if an assessee wishes to opt out of presumptive (44AD) to regular books after filing in presumptive for 4 years
Query 1: Is he liable for tax audit even though declaring higher income than presumptive in 5th year?
Query 2: If we file a tax audit return for this financial year, should we file tax audit return for successive years also even though the turnover is lesser than the tax audit limit?

Dear All,
I'm in receipt of a tax invoice specifying all the following service provided by a CHA namely Eastern Liner Shipping Pvt. Ltd. :
1. Administration Charges
2. Equipment Maintenance
3. Terminal handling Charges
4. Washing & Cleaning Charges
5. Mandatory User Charges
6. Off Dock Trans Charges
7. Survey Charges
8. MOBILE X-RAY CNTR SCAN CHARGE
9. Survey charges
10. Documentation Charges

Please suggest whether TDS is applicable or not! And if "Not", they please elaborate the reason.
Awaiting your valuable feedback.

Thanks & Regards
Rahul Singh