My income comes from tuition is rs 3lac annually. I have invested 15 lakh in shares. I want to invest 40 lakh. How do I show it in income tax?

As per Income Tax Act Section 56(2)(X), Gift Received from Relatives Exempt from Tax. Relative Definition expressively include "Aunty" as Relative.
So, the Gift from "Father's Brother's Wife i.e. My Aunty" to "me" is Exempt but Whether Gift from "Grand-Father's Brother's Son's Wife i.e. My Father's cousin Brother's Wife i.e. My Cousin Aunty" to "me" also Exempt?

Is "Linear Ascendant" include "Cousin Brother and his Wife" as Relative of "me"?

Can Anyone give me exact meaning of "Linear Ascendant"

Will HUF pay any consideration if it acquires a sole properitership business and properiter is co parcener in HUF? Is there any tax benefit of doing it?

As an employer, I want to deduct TDS u/s 192 B from employees from 1 st October. Any issue as consequences??? Will it violet any ruling ?

Respected Experts, I had filed a case before the Central Administrative Tribunal for the payment of loss of interest and cost towards the belated sanction of my pension. The Tribunal has allowed and I had been paid with Rs.3 lakhs towards the loss of interest and cost Rs.10000/- Whether I had to pay the income tax for this amount as it is an award granted by the Tribunal after a case being filed before it? Kindly oblige. Advance thanks to the Experts in anticipation.

I have speculation income from (intraday share trade )of 5 Lac and T/o 568000 and business loss (F&O) of 7500 and T/o of 11658. How I show profits in ITR 3?
Under P&L a/c in 65 & 66 column of ITR 3 it says
1 Presumptive income which has only business income and no speculation colourblind
2. No account case where both business and speculation can be shown.
Have STT of 185000 and GST/CST of 25000 not allowable for deduction under short term gains.

Cases:
1. If whole speculation income shown then tax liability will be high and if apply 6% formulae or show higher say @25% then can reduce. But if income from business and speculation crosses 250000 message shows that balance sheet need to be submitted along with filing.
Advice what income ideally to be shown and how in ITR to avoid future tax disputes and clarify.
Thanks

We are manufacturing unit , now we want to give whole plant on rent to another manufacturing unit and we will receive fixed monthly rent. In this regard my question is that under which head rent income to be shown ?? under the head PGBP and claim depreciation on plant and machinery or under the head CG and write off depreciation to capital account ?

Sir/Madam

I have little bit confusion that is any requirement of CA Certificate in case of any assessee made F&O on daily basis for filing of income tax return??

Is any statutory limit of profit and loss for getting ca certificate??

please share me any link for detail reading.

thanks in advance

I moved to Middle East last year where I started a company and was an employee of that company.

Number of days in India in FY 2023-24: 180
(Indian) business loss brought forward from FY 2022-23 to FY 2023-24: -20L
Profit from (Indian) business for FY 2023-24: 30L

My understanding of NRI status:
- Gone outside India for purpose of employment
- In India for less 182 days
- Total income from India less than 15L

My understanding of RNOR status:
- Gone outside India for purpose of employment
- In India for less 182 days
- Total income from India more than or equal to 15L

Is my understanding of NRI and RNOR status current?
Will my "Total Income" be 30L or 10L (30L - 20L offset from last years loss)?

HSN code is 998315 is liable for TDS in india and what is rate of TDS and section ,is it fall under 194J @2%