If a parent gifts 60 lac via cheque to his adult son and the son deposits the cheque in his savings bank account, does the deposit trigger an ITR filing obligation for the recipient under *Section 139 (1) and rules 12 AB of the Income Tax Act, 1961.? The son has no taxable income.

Hiiii!!!!
i had bought gold mutual fund in year 2021, and sell in the year 2024-2025. what is my period of holding? what is ,y tax rate?
please provide clarity on taxation of Gold mutual fund and Gold ETF purchase before 1/4/2023 , between 1/4/2023 to 31/3/2025, purchased after 1/4/2025- Period of holding, capital gain, tax rate ?? indexation benefit or not??

Is TDS is deductible if payment reverse by individual to NRI by filing 15CA?
Code :- s1502

TDS is required to be deducted on foreign remittance for purpose code s1502 and recipient is in Czech republic country?

An NRI assessee did not file return.Notice u/s 148 issued in response to which return was filed and tax of Rs 99000 after deducting TDS
was paid.In assessment return was accepted in toto without any addition.Can penalty for concealment be levied? Please give reference of some case laws.

I, SALARIES EMPLOYEE, ALREADY FILED INCOME TAX IN OLD TAX REGIME FOR FY.2021-23. FOR THE SAME FILED UPDATED INCOME TAX RETURN IN NEW TAX REGIME -
IS IT CORRECT
CAN I CHNAGE TAX REGIME IN UPDATED RETURN RELATED TO SALARY EMPLOYEE

what is due date for payment under section 43 B Liabities under income tax.

If amount of remittance is below 2,00,000 and purpose is for reversal or wrong entry S15002 so there is liability to deduct any TDS amount for same?

deductor filed 27q (for nri deductees) for q3, fy2425 yesterday,
but nri deductee 26as is not showing the tds amount.
how much time it will show in, any idea?
tds was 29 lakhs, hence worried.

Respected Experts

Kindly guide me that how many years records we have to keep in Income Tax & TDS.