This Query has 3 replies
Is the case of Short Deduction of TDS appealable in any circumstances or is there any other way out to resolve the same?
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My client has started business of pharmaceuticals under Partnership Firm. They started the business on October 2024. In December 2024 they got the GST Registration.
They bought some materials & some fixed assets. But they do not have any sale till now & according to them this FY (2024-25) their sale will be NIL.
Is ITR filling is mandatory & if yes is audit required as they have loss arise due to depreciation on Fixed Asset & some expenses to run the business.
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While filling Form 26QB Stamp value of the property is to be entered.
When payment towards property is in installments what stamp duty to be entered ?
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For AY 2025-26, what are the benefits to sr. Citizens ( 60+)?
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HOW TO WITHDRAW APPEAL FOR FILING FORM-3 OF DTVSV ?
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a pvt.discretionary trust is partner in a partnership firm, trust received 80 lakhs as share of prift as it was partner in firm (claimed exmpt).
same amount was given by trust to individual beneficiary of the trust,
if a pvt.disc. trust gives a cheqe to its benefeciaries, i think its distrubtion of capital,, hence not taxable in beneferias's hands.
but AO taxed in beneficiarie's hands stating , pvt. disc. trust earned exempt income which it distribtuted to its beneficiary and hence, as beneficiary is not directly earning exempt income as partner in firm, its taxable in beneficiary as other source income.
my view--> trust has just distributed capital , where is it income of the beneferciary?
is ao right?
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Sir,
We filed updated return for the year 2022-2023 on July 2024 17th.But due to technical reason the audit report not got uploaded on same day. Audit report was filed on 24th July.Json error was the reason for the delay.Notice was issued for defective return,but was unable to submit the reply.so the department treated as invalid return.We have paid nearly 2 lakh rupees tax for the same.Kindly help what to do next.Can we file appeal for the same.Pls help.We tried to reply the notice but was not able to submit the same.Please help
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IS ASSESSEE ALLOWED TO FILE REVISE RETURN OF INCOME AND TAX AUDIT REPORT WHEN APPLIES FOR RECTIFICATION U/S 154
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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.
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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.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
SHORT DEDUCTION CASE OF TDS