banner_ad

CA Nidhi Kanabar
This Query has 3 replies

This Query has 3 replies

29 August 2024 at 10:29

Defective notice-139(9)

how much time to process the ITR against defective notice, response already done


Pav
This Query has 3 replies

This Query has 3 replies

When I look up PAN application process I see that the deed has to be

Notarized
Managing partner should add rubber stamp
Partners and witness should sign all pages.

Are all the 3 above mentioned points mandatory for pan application? Please help


Ankur Aggarwal
This Query has 5 replies

This Query has 5 replies

28 August 2024 at 18:00

Cash Gift to Minor

Hi,
My daughter of 3 years (Minor) on her birthday has received cash gifts ranging from Rs. 2,100 to Rs. 5,100, totalling to approx. Rs. 29,000.
1. Can I deposit the same amount in her bank account tomorrow, means the day next to her birthday ?
2. Any proofs to maintain for the same or any document ?
3. Income Tax implication for the same ?
4. Any other thing to keep in mind ?

Thanks in Advance.


sameer joshi
This Query has 1 replies

This Query has 1 replies

28 August 2024 at 13:12

ITR Processed with demand due

CPC intimation order is showing ITR processed. There is no payment due.
But if i check ITR status in IT website Dashboard its showing ITR processed with demand due if i try to pay its showing Zero. Can i ignore this order

Thanks in advance
Sameer Joshi


SRIKANTA
This Query has 3 replies

This Query has 3 replies

On perusal of the said registration deed, it is seen that the Sale consideration of Rs. 17,81,400/- has received in cash from the purchaser as mentioned above. The said receipt of the Sale consideration of the immovable property in cash, is in violation of section 269SS of the Income Tax Act, 1961. Hence, a notice as per section 274 read with section 271D of the Income Tax Act, 1961, is hereby issued to you and you are requested to explain as to why penalty for violation of section 269SS of the Income Tax Act, 1961 shall not be levied on you for accepting the sale consideration in cash i.e. in the mode other than the modes specified in section 269SS of the Income Tax Act, 1961.
Your explanation is required to be submitted.


Piyush
This Query has 1 replies

This Query has 1 replies

27 August 2024 at 16:50

Retirements of a Partner from LLP

In LLP, If partner retires who has already over drawn form LLP (having Negative Capital balance) , still getting X amount on retirements because there is an appreciation in value of Immovable property (which is currently shown at book value only in balance sheet)

How to show this excess amount paid to Partner in LLP as well as in Partner's books of Accounts ?
What will be the tax implication in both (LLP and Partner) ?
Is LLP have to show revalued figure of Immovable property in Balance sheet?


M Balakrishna Achar
This Query has 1 replies

This Query has 1 replies

27 August 2024 at 16:42

Taxation of Cash withdrawal from Bank

Is there any provision under Income Tax Act, 1961 to treat cash withdrawal from the bank account as income from other sources?


Pankaj
This Query has 2 replies

This Query has 2 replies

Respected team
I have a question that medical allowance given with pension to the retired judges is exempt from tax or not ? If exempt from tax please clarify under which section . Thanks


M Balakrishna Achar
This Query has 1 replies

This Query has 1 replies

Can exemption u/s 54 be claimed for sale of multiple flats and purchase of One residential house property?


Tejas Chaudhari
This Query has 9 replies

This Query has 9 replies

27 August 2024 at 12:43

Betterment charges

Hello,

I have paid total 50 lakh rs for sanctioning building plan. My query is will these charges come under capital expenditure or revenue expenditure. And can i show as a expense in income tax return






CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query

Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details