As a CA, I know that CA can't Certify Income Tax Return i.e. ITR. But Some Clients are constantly insisting me to give CA Stamp on their Non Audited Balance sheet. Ofcourse Auditing Provisions are not applicable to them as they are Individual having PGBP and Other Sources Income having Total Income upto 10 to 15 Lacs. I told them I can't give such CA Stamp as it's not Audited. But, they say other CAs giving such Stamp, Why not you ?
Well, Before saying them to, "Go to then those CA". I want to ensure myself that Can I give such CA Stamp on Non-Audited Balancesheet ?
Will I need to Generate UDIN for that ?

Hello,

Bank has dedcuted TDS on cash withdrwal@ 2% on cash withdrwal during the year 2023-24 even though My client has newly incporporated in the Last year i.e FY 2022-23 only and filed income tax return in the last year i.e 2022-23 1st time
my client have given letter to bank as TDS u/s 194 N not applicable to us as we are newly incorpated not to deduct tds even though tds deducted by bank aslo bank has mailed to my client that No relaxation has been given by income tax department to newly established firm. Hence tax will be applicable on cash withdrawal in excess of 20Lakh. Kindly refer section 194N for more details.

please clarify this section nothing mentioned in the section that its relaxation for newly incorporated

Dear Sir/ Madam,

How to calculate income from House property incase of Let out Property under lease.

Thanks in Advance

Can I lease my house as a gift to my wife, so she can show the rental income in her tax filing?

Whether a son can claim deduction u/s 80DD for expenses incurred for the maintenance of his father's partial disability. The father is also a teacher and is having taxable income .

A charitable trust registered u/s 12A and u/s 80G of the Income Tax Act, 1961 has a bank account in which donations are received from the general public through cheques, bank transfers, cash deposits at various branches of bank across India, payments through UPI, etc.

Some donors do not communicate with the trust regarding their donations deposits in bank; therefore, the trust is not in a position to identify the donor.

My query is about the treatment of donations for which the trust does not have details of donors, whether such donations shall be treated to be Anonymous Donations for the purpose of s.115BBC ? Whether the donations received otherwise than through cash deposit though the details of donors is not with the trust, will be termed as Anonymous donations? What will be the treatment of donations deposited by donors at bank branches in cash whose donors are not known?

Further, some donors have provided their addresses but did not provide any identification details such as PAN / Aadhaar, etc. Will the donation from such persons be treated as Anonymous?

Kindly guide and oblige.

DEAR SIR,

ONE OF MY CLIENT PURCHASED AN AGRICULTURAL LAND HE IS DEVELOPING THE LAND AND SELL ONE BY ONE IN THIS YEAR NOW HOW TO CALCULATE CAPITAL GAIN ON SALE HOW TO DETERMINE EXPENDITURE TO REDUCE THE CAPITAL GAIN TAX. BECAUSE NEARLY 50 PLOTS WILL BE DEVELOPED ALMOST HE RECEIVED MAXIMUM AMOUNT IN CASH. DOES HE NEED TO OBTAIN GST REGISTRATION OR NOT ONLY HE HAS TO PAY INCOME TAX ON SALE OF PLOTS.

REGARDS

Assessee has sold a land and earned LTCG, which he has invested in construction of new residential house on an existing plot of land, so is the assessee eligible to claim the exemption u/s 54F, by contructing new house on old and existing plot?

Dear Experts,
My Client sale aluminum scrap, heavy melting scrap etc.... In this case any liability TCS on these scrap ??

Hi, I just wanted to know weather income from house property below 2 lakhs, is to be declared in the ITR. This year my income from business will be approx 10 lakhs and I have a appartment which I have given on rent for Rs.14,500/- per month. So am I liable to pay income tax on the rental income?
Thankyou.