Suresh S. Tejwani
This Query has 6 replies

This Query has 6 replies

IF WE NOT CHARGED DEPRECIATION ON FIXED ASSETS HENCE, WE CONSIDERED IN 0% BLOCK. IF SAME ASSET HAS BEEN SOLD THEN THERE IS CAPITAL GAIN ON SALE OF FIXED ASSET?


Anil
This Query has 1 replies

This Query has 1 replies

Pensioner Female Assessee is Divorcee and widow. Do not have any legal heir except her child who is 62 years old is expired. Now her child is the only legal heir for her income earned and Investments made. Her child was patient of Schizophrenia. He is unmarried. Under treatment for this mental illness since last 40 years.
1. How the return will be filed for deceased mother for current financial year. Who will be her singing authority when her legal heir is mentally retarded?
2. How the return of income for son be filed for future year if no expressly written guardian is present.
What course of action needs to be taken for income earned in future. Thank You


GOPIKRISHNAN SARANATHAN
This Query has 1 replies

This Query has 1 replies

21 October 2024 at 22:45

TDS on Crushers

The company is engaged in civil contract works and pays royalty to Gravel Crushers. Should it deduct TDS @10% on royalty payments. Pl advise.


Sunil Jadhao
This Query has 1 replies

This Query has 1 replies

Respected Expert,
I have to revise my ITR due to increased salary amount because of arrears.But one problem arises due refund amount that I got earlier.On IT computation,it seems that I will get more refund when all tax is there (I.T.Deptt.). ( I always use to pay my IT in the form of Advance Tax)
Now I want to know,1)under which head I should deposite refunded tax amount and 2)by which challan number.3) what will be interest rate.
Thanks in Advance
Regard
Sunil Jadhao


Dharmendra More
This Query has 1 replies

This Query has 1 replies

28 October 2024 at 17:47

TDS Certificate Issuance

Dear Sir,

Is it mandatory to receive TDS certificate from deductor as our customers are refusing to give it stating that once TDS is reflected in 26AS report then it is not binding at their end to issue TDS certificate.

Is there any notification in regard to this from the Dept.

Kindly guide


Kunjan
This Query has 3 replies

This Query has 3 replies

what is taxed in partner hands?
rem. debited to pl of firm or admissible remuneration in firm's it return?
my view--> admissible rem. irrespective of what is debited in firm's prof loss.
Am i correct?


Suresh S. Tejwani
This Query has 1 replies

This Query has 1 replies

21 October 2024 at 13:02

REGARDING TAXABILITY OF AMOUNT

IF HUSBAND HAS EXPIRED, AND MATURITY VALUE OF FD ON THE NAME OF SAME CREDITED TO HIS WIFE ACCOUNT THEN SUCH AMOUNT IS TAXABLE IN HAND OF WIFE OR NOT?


MAKARAND DAMLE
This Query has 1 replies

This Query has 1 replies

21 October 2024 at 12:04

Property Purchase from NRI

Resident Indian while paying towards Property purchase from NRI has to deduct 20% TDS. He needs to file Form 27Q.
My question is while paying Tax which section should be selected ? Section 112 or Section 115E


K Rajan
This Query has 3 replies

This Query has 3 replies

21 October 2024 at 11:30

ITR & Deductions

I had salary income till March 2024, so I have filed ITR-1, claiming deductions u/s 80C alongwith house property loss (house loan interest).

From April 2024 onwards, I am receiving professional charges after deduction of TDS. Please advise me the ITR form to be filed from AY 2025-26 onwards and also whether I can claim deductions u/s 80C and house property loss in that return.


Daya
This Query has 1 replies

This Query has 1 replies

whether net profit are distributed among partner after paying taxes.






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