Kollipara Sundaraiah
This Query has 2 replies

This Query has 2 replies

sir,
A Doctor Gross receipts income rs:25 lacs and personal expenses rs:5 lacs and A Doctor is not maintained account records for professional expenses
Increases value Assests f.y. 24-25 rs: 10 lacs
Decreases value liabilites f.y. 24-25 rs: 5 lacs
Personal expenses rs:5 lacs f.y. 24-25
Question:
A Doctor Gross receipts show amount rs:25 lacs or rs :20 lacs declared for itr return purposes.


Neeraj
This Query has 4 replies

This Query has 4 replies

14 April 2025 at 15:24

After retirement

I have retired in August 2024. Now I am self employed as an expert with govt of India earning consultancy charges only. What is the maximum I can earn to avoid GST. When should I withdraw my EPF as I am not in a hurry to withdraw. What will happen to EPF interest as far as income tax is concerned. Thanks and best regards


Suresh S. Tejwani
This Query has 2 replies

This Query has 2 replies

14 April 2025 at 14:44

Regarding TDS Payment Mode

Payment of TDS deducted for purchase of property can be made through cheque if buyer of such property covered under Provision of 44AB in last year(A.Y. 2024-25)? (Notification No. 34/2008)


Chandra Kala
This Query has 1 replies

This Query has 1 replies

14 April 2025 at 13:41

Registration u/s 80G of the IT Act

We got exemption u/s 80G of the IT Act for the A.Y.2024-2025. Actually we have to file Form 10AB within last 6 months. But now time is lapsed. But we are not filed 10AB till date. Now we have to file 10AB from the A.Y.2024-2025 or A.Y.2025-2026. What to do. Please suggest me.


Chartered Accountant
This Query has 2 replies

This Query has 2 replies

I am selling a land @Rs. 380 per sq ft. (which is actual market rate in the area) but the stamp duty value is Rs 1080 per sq ft. Can I write an application to Assessing Officer to refer my case to valuation officer before transfer of capital asset? Or the such application to Assessing Officer can be only made if my case has been selected for scrutiny?


suresh n
This Query has 2 replies

This Query has 2 replies

14 April 2025 at 12:52

Wrong TDS Return

A TDS return of 2015-16 is to be revised now. can it possible


jignesh sitapara
This Query has 2 replies

This Query has 2 replies

14 April 2025 at 12:44

Under section 194T

Dear Expert, Any need to changes in PARTNERSHIP DEED regarding new section 194T.
Please help.


Chartered Accountant
This Query has 4 replies

This Query has 4 replies

14 April 2025 at 12:33

44AD PRESUMPTIVE RATE ON CREDIT SALES

One of my client started his business in march 2025 & have turnover of 99.24 Lakhs in FY 2024-25, all the sales are credit sales and the Payment will be received in parts in FY 2025-26 all through banking channels only actual profit is around 3-4% only but still we are opting 44AD for FY 2024-25 what will be the presumptive rate applicable 8% or 6%? As the sale is classified as credit sale. (Payment will be received in parts in FY 2025-26 all through BANKING channels)


Dipen
This Query has 2 replies

This Query has 2 replies

14 April 2025 at 12:31

Form 26QC_TDS paid at 5%

Dear Experts,

TDS on residential property exceeding 50,000/- has been paid vide challan 26QC at 5% on 31.03.2025

However TDS certificate (Form 16C) is getting generated at 2% since the rate is 2%. However TDS is excess paid and should get generated at 5% since paid higher than required. This is the case in other TDS compliances (other than rent exceeding 50,000)

Please advice if we can generate Form 16C at 5%?

Regards,


Sreekumar K B
This Query has 3 replies

This Query has 3 replies

12 April 2025 at 18:43

Treatment of Car allowance

Dear experts,
I am getting rs.10000 per month as car allowance which is part of my gross salary. As I am using cab facility given by company for commuting to office and back home (official duty) I have to pay rs.5000 per month which is deducted in my salary and paid to private transport operators who are providing cabs.
Is deduction or exemption allowed in income tax, if yes how much and which regime? Please give your expert opinion.
Thanks in advance.






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