Dear Expert,

I am a Trust Registerted under 12A/12AB provisions and 80G as per income tax act 1961. My query is i have not received my refund for AY 2012-13 and 2013-14 till now. I had checked the refund status and the status is showing "Address not found". is there any way to get refund for AY 2012-13 and 2013-14 ? Please guide I need yours expert advice. I even raised online greviences but did not get any help.

Please help me

The Direct Tax Code 2025 is anticipated to broaden the definition of an accountant by also allowing other professionals such as CMAs, Cost Accountants (ICWA), and CSs to conduct tax audits.15 Nov 2024. Is it True ? Plz. Answer.

I need a filled audit report in Form 10B for trusts for the assessment year 2024-25. Can the experts provide me a filled up Form 10B for our filing for Form 10B please.

Dear Experts,

We require a certified Income Tax valuer to determine the Fair Market Value for calculating the "accreted income" under Section 115TD, applicable upon the cancellation of 12A and 80G exemptions. The valuation certificate is mandatory for the submission u/s 115TD. Kindly help me to find the valuer.

Thank you
Komal Ameta

Dear Members

Our client ABC Pvt Ltd (Indian Parent Company), have 1 Wholly Owned Subsidiary company (100% share holding) in foreign country. The income of that Subsidiary is fully exempt in that country and hence no tax has been paid by the subsidiary company.
I need ur opinion on "Whether we have to declare profit of that subsidiary company in ITR-6 of Indian parent company as global income to be taxed in the hands of Indian Company ? or can we show this profit as exempt income in ITR-6 ?"

thank you in advance

Material received on 21/11/24 & due to defect same whole material return to party on 25/11/24
To deduct tds u/s 194 Q is required in first situation
And reverse the tds in second situation.
Or not showing tds in any situation
What is right way to show tds

Please suggest whether the private limited company need to deduct the TDS on Invoice of Meal Charges bought from XYZ Food Court.

If yes then under which TDS Section?

Thanx

The party 'X' made sale agreement with land owner, later government acquired land and issued the TDR to owner and such TDR sold to a builder in return builder paid certain amount Land owner and 'X' as the confirming party on the instruction of land owner by deducting TDS under section 194IA for both.

1. How and under what head such income should be treated by Mr. X since he is not the absolute owner of either land or TDR.
2. Since it is purchase cost for the builder he deducted TDS, hence it is considered as capital gain as per the form 26AS, and ITR3 form is selecting for filing. If so, since Mr. X is not the owner of either land or TDR and he has not transferred anything How the capital gain will apply?
3. if it is a business income and comes under 44AD and ITR4 is the applicable form and since there is a TDS us 194IA it is asking for me to declare capital gain.

Please guide us and provide suitable explanation & reference of sections of case laws if any.

Sir,
It individual assessess (Name Mr.A) purchase of residential plot value rs:15 lacs f.y.19-20 and cost of improvement expenses rs:20 lacs f.y.19-20 (payment furniture and paints etc purpose) payment made assessess brother (Mr.B)
If assessess plot sold value rs:50 lacs f.y.24-25
Question:
Assessess cost of improvement expenses paid made by bother calculation procedure for capital gain purpose.

Respected Experts,

Our CA has not yet filed ITR3 for FY23-24. Will our firm face any discrepancies due to this. Our assessed income 2 crore.We gave data to our CA on Sep24 but he waited till 15.11.24. But has not yet filed. He says there won't be any issue. I respect his advice I however personally want to know suggestions from you. Thank you.