I have registered as legal heir and filed ITR AY2023-24 for my deceased mother successfully and awaiting credit of refund amount. However all the bank accounts for ITR refund has been closed prior filing which were associated with her PAN and Name. How do I proceed with getting the refund to my bank account where I have received my ITR refund? Whenever I am raising a refund reissue request from portal its getting failed automatically because my mother's PAN is not linked to my bank account.

A partnership firm, which has never opted for Section 44AD before, and had a tax audit for FY 2021-22, can opt for Section 44AD for FY 2022-23 if its turnover is below 2 Crore

MR A ALREADY RECIVED LOAN FROM MR Y ON DATED 15-4-2023 BY NEFT AMOUNT OF RS 150000 AND MR A WANTS A NEW LOAN FROM MR Y BY NEFT

CAN HE ACCEPT NEW LOAN FROM MR Y BY NEFT

Is my below understanding correct, when partial deposit in Capital gain account w.r.t 54F is done?

Total sale price of plot = Rs.25 Lakhs
Purchase price after indexation = Rs.10 Lakhs
Capital gain = 15 Lakhs
Amount deposited in Capital gain deposit account = 20 Lakhs (Instead of 25 Lakhs).

1. Amount subject to capital gain in current year = (15*5/25)Lakhs = Rs. 3 Lakhs.
2. After 3 years, if an amount of Rs.20 Lakhs in Capital gain deposit account is unutilized, then capital gain will be 12 Lakhs (i.e. 15 - 3 = 12)?
3. After 3 years, if an amount of Rs.10 Lakhs in Capital gain deposit account is unutilized, then the capital gain will be 6 Lakhs (i.e. 12 * 10 /20)?

Please let me know, if my understanding correct for the above scenarios 1, 2 and 3?

How much % TDS applicable on JCB work, Blade Tractor, Tandem Roller, Tractor for leveling playground in campus.

Hello,

I have availed the service for registration of Statutory like PF, PT, ESIC and MLWF.

The vendor has charged us 20k for that service.

So should I deduct TDS while making this payments.

WHETHER ASSESSEE HAS ANY LIABILITY OF PAYING ADVANCE PAYMNENT OF DEMAND BEFORE FILING APPEAL IN TRIBUNAL?
IF SUCH THEN HOW TO MAKE SUCH ADVANCE PAYMENT WHETHER VIA ONLINE MODE OR PHYSICALLY?

I have filled return on 31 july and verified return 31 july filled original return with old tax system Can i revised return with new tax system i am salaried person what is rule?

Dear Experts,
1 A company pays Rs 45,0000.00 to the service provider after deducting the TDS u/s 194C
2 After the certain period, the same service provider provides the service for the amount of Rs 20,000.00
3 Upto this second time service provided by him, the total trasaction value does not cross Rs 1,00,000.00
4 The query
Whether the company needs to deduct the TDS on this second time payment.
Since upto this second time payment, it does not cross the limit of Rs 1,00,000.00
Or once the TDS attracts, it needs to be followed in subsequent transactions.

I sold my property on 17-April-2023.
Am I eligible to buy 54EC bonds now to claim capital gains exemption? i.e after 180 days but within 6 calendar months i.e within 31-October-2023.

Further to above question, if I am eligible for exemption, even if I purchase the REC 54EC bonds now (after 180 days but before 31-Oct-2023), will IT department automatically accept it or I need to fight for it as the purchase of bonds is after 180 days but within 6 calendar months. Will Income tax department send notice since the investment in 54EC bonds is after 180 days?

Here 6 months statement w.r.t 54EC bonds leads to ambiguity and it is not clear.
Please help with more accurate information for above 2 questions.