Please help to resolve the below issue

Travel Concession or assistance [section 10(5)], House Rent Allowance [Section 10(13A)]

T_FV_6354 If 'N' is selected for field 'Whether opting for taxation u/s 115BAC? OR Whether opting out from taxation u/s 115BAC(1A) (Applicable from FY 2023-24 onwards) [Yes/No] ', then no value should be specified under this field for statements from FY 2023-24

I'm a professional doctor. I'm not employed anywhere. I had PPF account in which my PPF interest is above 3.5 lakh p.a. Is this interest taxable or not?

Dear sir/s,

Can 115BAC opt for updated return of employee where as in original return not opted ITR Form 1

We an Indian Company have awarded a contract to an Indian Resident company for a project outside India. We have deducted Tax at source from the bills of the Indian company as per the extant rules of the foreign country. However, we are making the net payment against the bill in INR to the Indian resident company from India to their Indian account.

Are we liable to deduct IT TDS again from such remittance as per the rules of Income Tax of India?

Dear Sir,

We have advance from Sundry debtor in Credit Side in Balance Sheet. While Filling ITR-3 i dont find anything where i can show Please suggest Can we show under Sundry Creditor

Please advise

DEAR SIR,

MY CLIENT OWNED HEAVY GOODS VEHICLE (16WHEELS) AND ATTATCHED TO THE COMAPNY. THE COMPANY DID NOT DEDUCT TDS U/S 194C BUT IN FORM 26AS SHOWING BUSINESS RECEIPT OF RS 64300. BUT AS PER SECTION TDS SHOULD DEDUCTED IF THE CONTRACT BETWEEN THE CLIENT AND COMPANY. IS THERE ANY PROBLEM TO CLIENT OR NOT
MY CLIENT ALSO DOING OTHER MAIN BUSINESS PHOTOGRPHY AND VIDEOGRAPHY.

THE INCOME FROM CONTRACT HIRED FROM THE COMPANY SHOULD BE DECLARED IN OTHER SOURCE OR BUSINESS INCOME.

PLEASE GUIDE ME

Sir,

Proprieties have 3 Term Loan and 2 CC Loan account Interest from All Loan account FY 2023-24 is Rs.991000/- Where 661000/- Interest as Term loan. Proprietor have taken term loan from shop and home proprietor but he used Loan amount for Business purpose. In FY 2023-24 Net profit is around Rs.43500/- according to owner we should show NP around Rs.600000/- So can we Charge Term Loan Interest Rs.661000/- to owner,s Capital account and Rs. 330000/- CC Interest to PNL Account
Please advise Sir,

Dear Sir,

We are seeking your valuable opinion on TDS applicability on Subscription service (Business lead generation subscription) procuring from US entity having No Permanent Establishment in India, they are providing the TRC and No PE declaration but not providing Form 10F. Aforeaid services are used for the acquisition of new customers and generating export revenue from these customers. Against these services, payment is made through credit card on automated card deduction on a monthly basis. The client not providing the wire transfer details hence we are not able to file Form 15CA/CB applicable part on the income tax portal.
Please advise on whether TDS is required to be deducted under section 195 or Tax deductions under the equalization Levy for the import of services i.e. Subscription services, Cloud services.

Mr Ankit is giving a gift of 50 lakhs to his sister Bindu. As part of the Gift, Ankit prepares a No Objection Certificate which states that Ankita (Bindu's elder daughter) and Arpita (Bindu's Younger daughter) are providing no objection to Ankit for giving a gift to their mother as their grandfather's wish was to provide this money for the marriage of the grandaughters, however, since the marriage of the grand daughters have not taken place, Ankit is gifting this money to his sister as per his father's last wish. Similarly NOC is taken from the sister - Bindu as well, and in addition, one clause mentions that both of Bindu's daughter's are willing to indemnify their maternal uncle - Mr Ankit.

Facts to note are - both the neices of Ankit (i.e. Bindu's daughter's are unmarried).

Question 1: Does provision of clubbing of income apply? If yes, in whose hands will the income from the 50 lakhs be clubbed with?

Question 2: Is there a way in which the clubbing provision does not apply?

Question 3: will the donee i.e. Bindu who is the sister of Ankit, have to pay any taxes - be it gift or income tax?

My client had filed Form 15CA part D. Now if he does not wish to remit the money how can he withdraw form 15CA particularly when 7 days have passed when he filed form 15CA online.