Dear Sir,

The Interest on refund amount taxable in the hands of trust or we can consider under exemptions under sec.11/12.

Hi,

by any chance can we get the Token number (online) of tds return Filed? need 3-7 of that...

what will be the process

The assessee is working in a MNC.
She opted for employee benefit scheme wherein she received cash proceeds instead of shares after the expiry of vesting period.

Contributions were made both by employer as well as the employee in the shares of such MNC during vesting period.

Scheme also included Restricted Share Units(RSUs)

What shall be the tax treatment during different phases under different schemes?
Will there be Capital gain as well?
Or the cash proceeds received is after deducting all form of tax? I.e. no liability of capital gain?

in case of reconstiution of firm, due to admission of new partner, do i need to inform income tax department before return of income is filed? or mentioning such changes in the return of income is sufficient under section 184 and its relevant rule.
i noted that most of the forms mentioned in the rules assosiated with section 184 has been omitted, also though 184(4) says one have to attach revised deed with the return but it is prohibited under other rules. so what i need to do to be on the safe side of law and rip all the benefits of income tax law.

Mr. X is a farmer.  Apart from his own produce, he also purchases from other farmers.  After keeping for certain period, say a year, he sells the same to a miller. Will the profit earned on sale of the produce (own and purchased) be taxable ? Or that will be exempt. Request for an Expert opinion.  Thanks & Regards.

Sir,

Here is specific and pin pointed queries of Option Intraday Trades & related issues.
In fact Institute guidelines issued in
Aug 2022 details method of calculating turnover in Future & Option trade. and states that it needs to be treated under head " Income from Business & Profession ". But could not find clarification on following points pinpointedly. In guidelines only reference is of " Future & Option " but not of Intraday trade within "
future & Options which is extended up to expiry date of contract where as Intraday trade of " Options (Equity & Currency ) is squared off on that day itself. Hence following queries :-

1 Is Intraday Trade in OPTIONS (Equity or Currency ), is also to be treaded under same head of " Business & Profession " and is required to be reported in ITR 3. ?
OR
2. Intraday trade of OPTIONS ( Equity or Currency derivatives ) is to be treated as " "Speculative " business as nature of trade is to close the trade in short time and close it by expiry time of only that day itself as it is " Intraday Trade only ".?

3. In currency trade , how is turnover to be calculated. Is it total of Buy & Sell absolute values ( i.e of total transaction amount as it is currency trade ) OR is it total of absolute figures of only Profit & Loss figures ( i.e. Profit & Loss figures only ). ?

4 Does treatment in case of Option (Equity derivatives ) trade differs from that of Currency Option trade ?

Pls guide on above points .

Sir
While deducting the TDS, the contractors PAN was not linking to the Aadhar Card hence the PAN status was Valid and Inoperative. But the TDS was deducted @ normal rate, therefore after filing TDS return a notice demanding TDS @20% for Inoperative PAN was received. Later the PAN was linked to AAdhar and became valid and operative.
Later the correction statement was filed with the updated PAN but the demand for TDS @20% still exists.

How to solve the issue

Dear Experts,

01. A company remitted the amount of Rs 150000.00 to its service provider towards getting the SSL certificate (Secure Sockets Layer) for the period of one year.

02.At this scenario, whether the company does need to deduct the TDS either under Technical Fees @2 % or under professional service @ 10%.

03. Please clarify.

04.Further request to clarify that on based upon which factors, the professional service can be differentiated from Technical Service.

Dear Experts,
Our school is subscribed with Times Newspaper in Education Program for 160 Days Span and the Invoice value is 5,50,000 & GST exempted. We need to deduct TDS for this transaction or not? If TDS is applicable then what is the section? Any leads would be appreciated

Suppose, we have purchased gold coins from a vendor to give it to dealer for achieving the Sales target.

What will be journal entry in the books of the company and the dealer?

Let be the gold coin value is Rs. 1000.