Return of Income u/s 139(8A) for A Y 2022-23 was filed with Total Income Rs.20,000/-. Assessee is having no other income.
Now notice has come saying that above Return of Income is defective since it is not accompanied by valid proof of payment u/s 140B and correction of defect has to be made by filing corrected return
However assessee does not have taxable income and hence there is no amount payable u/s 140B

My question is what corrective measures need to be taken in this matter /

Respected Sir
Please clarify the following
The sale of house property was in April 2023.The proceeds are kept in bank sb account. It was not transferred to Capital gain account scheme.The new house property will be purchased in March 2024.
The query is whether the exemption will be get even though it is not kept in Capital gain account
Please clarify
Thanks in advance

Sir,
A NRI individual wants to transfer some amount say Rs 9 lacs from his NRO a/c to his resident parents here for their maintenance and well being. Hence queries :-

1. Is there any upper limit up to which he can give funds from NRO a/c to his parents for their use ?
2. Will the receiving parent be required to show this receipt while filing their ITR ?
3. Is there any requirement to create any formal gift deed for this transaction ?
4. Will there be any requirement to create gift deed if amount for transfer to parent is even more say upto Rs20 lakhs .?
5. Will there be any requirement to create evidence of transaction which otherwise is already a bank transfer only.?

Pls guide.

Can a Non resident individual/foreign company apply form 10F without having PAN. If yes, so is there any requirement of authorised signatory's PAN of foreign company while filing of online Form-10F? Please suggest

Respected Sir,

I have invest Rs.210000/-( its not a single payment investment its 9 Months SIP investment. some top up during marketing Crash ) In Mutual fund and Rs.109800/- In stock in Whole year. Its high Value Transaction ?
in point of view income tax can i face any issue Means any notice etc

Annual income Rs.400000/- i am regular filed ITR-1 due to income from Salary .
I have Depsoit Rs.300000/- ( 1+1+1 Lacs in Fixed deposit )
As on april my bank balance Rs.118000/-

Please suggest sir,

my private limited company have 9L paid up capital and 15L as authorized capital can i borrow loan from my father 50L after passing resolution because i read on company act it say only 60% of paid capital only can borrow as loan, is there any way to infuse 50L loan from my father to my company

If i am paying subscription charges for use of software to MIDJOURNEY INC CALIFORNIA USA.
Payment done through Credit Card
Then TDS will be applicable or not on foriegn remittnce of the same.
and 15 CA form applicable for the same or not??

For A.Y. 2024-25 they say no tax payable till 7 lakhs… if an individual has dividend income of 5 lakhs & other income 1 lakh , will it qualify for exemption

Thanks in advance

Dear sir
A trust which was registered for exemption of its income u/s 12A of income tax act, since September,1973. ITR7 for A.Y. 2023-24 was filed on the basis of registration dated September,1973. It received a notice u/s 143(1)(a) that no registration detail for exemption found in record for the A.Y. 2023-24, therefore, submit a reply. From A.Y. 2023-24 re-registration for exemption was supposed to be done by filing form 10A, but it did not apply inadvertently on time. Now it applied for A.Y. 2024-25 and it was approved. Now how to apply for exemption filing Form 10A for the A.Y. 2023-24. Or how to request A.O. for exemption for A.Y. 2023-24. Can we write in reply that the assessee could not file form 10A inadvertently for A.Y. 2023-24?

Can we claim Unclaimed TDS of FY 2022-23... Income was consider while filing return but forgot to claim TDS
Pls guide...