A company has received invoice for 10000 usd for technical service provided by foreign company located in germany through online mode. Foreign company doesn't have PE in India.

Is tax needs to be deducted? If yes then at what rate ?

One of my client (Proprietor) is having manufacturing unit having turnover of 1.5 crores during F.Y. 2023-2024 and Business income is 5 lacs and the same is being audited under 44AD section. Also he has Commission Income of Rs. 25 lacs in addition to Income from manufacturing unit. Earlier the Commission was shown in Other income but from the current FY the same income is being assessed as Business Income as per Income tax.
GST number is same for Both the Business.

My query is that Whether I can do audit of manufacturing unit under section 44AD and Commission income to be shown in ITR as other Business income . Whether that Business income (Commission income) can be shown unaudited in the ITR as Second business Income.
Or Both the Business to be audited.
Pl guide.

IF TURNOVER OF LLP IS LESS THAN 1 CR SPECIFIED LIMIT THEN TAX AUDIT U/S 44AB IS LIABLE IF NET PROFIT IS LESS THAN 8% OR 6% AS THE CASE MAY BE?

Anyone has received intimation of 37BA in which TDS has been disallowed without any explanation given?
If yes what is the remedy of such?

Hi,

I have 2 daughters, 7 months and 3 years old. Me and my wife are both salaried professionals. I want to invest in Sukanya Samriddhi Yojana (SSY) for both my daughters. Me and my wife already invest in our own PPF's. I have a few queries:

1. Can I pay in SSY for both my daughters ?
2. Can I pay in SSY of one daughter and my wife can pay in SSY of the other daughter ? If my wife is paying in one daughter's SSY, she has to be made the legal guardian for that daughter's SSY?
3. Can my HUF pay in SSY of my daughters ?
4. Can my father's HUF pay in my daughter's SSY i.e grandfather's HUF paying for SSY of granddaughter?
5. Can my father pay in my daughter's SSY i.e grandfather paying for SSY of granddaughter?
6. When the account turns 21 years, the maturity proceeds will be given. Will the income generated by this amount be clubbed with my income after 21 years?

Thanks in Advance.

The matter is as below:

In an Charitable Organization, one fixed asset of Rs. 10 lacs is booked twice in FY 2021-2022. So one amount can be reversed in now as it was twice booked. Depreciation is charged on both amount from FY 2021-2022

can a homemaker become Karta of HUF ?

assessee has purchased a property from NRI of 6 cr & deducts a tds @ 23.92% I. e. Rs. 14352000. however Cpc calculates a tds of Rs. 15600000 & sends the assessee a short deduction notice of Rs. 12.48 lacs.
Assessee write a mail to tds cpc. where they replied that nature of remittance mentioned in statement is not covered under DTAA hence short deduction default has been raised. you are requested to pay the demand.
Is this reply correct?
we have deducted a tds as per income tax Act & not as per DTAA.
please reply

Can a widow and her son create HUF on their own and Such Female member can be karta of HUF?

Can I claim less TDS to file updated return?

If Tax = Rs.30000 and I have TDS deducted = Rs.100000 for FY 2022-2023, can I claim Rs.29000 from TDS and pay Rs.1000 as tax and file updated return? If yes, is there a way to claim the TDS next year?