Hi,

can anybody pls tell what is the limit for Tax Audit for FY 22-23 in case of companies??

Can a Franchise Declare Profit under Section 44AD of The Income Tax Act,1961?

mr A. buy a flat and paid Total 86 lakhs to Mr. B and Mr. C. and TDS dedcted on Rs. 86 Lakhs @1% got the flat transfer from Builders. Builder give the accptance of Rs. 71 Lakhs receipts of flat price. and demand balance Rs. 57 lakhs of the flat value. Flat value in allotment letter 110 lakhs and registery value is also the 110 lakhs.
Now on Mr. A liable to TDS on Rs. 24 lakhs or 57 lakhs ?
how at the time of registery of flat register can demand the stamp duty on diff Rs. 33 Lakhs or not . how can give the reply to registrar.

Can a Franchise Declare Profit under Section 44AD of The Income Tax Act,1961?

Dear Sir,
We are a manufacturing company, we Deduct TCS on Sale of goods u/s 206C(1h). Now, at the time of filling of return of 27EQ for QTR-1 through TDS RPU utility, 1 Option is mandatory to fill Which is "Whether Collectee opting out of taxation regime u/s 115BAC (1A)", My query is how collectee will provide this information during the Financial Year.
Kindly Assist me in this query.

Sir, how to show the value of ancestral land in Balance sheet received from father
after his death ?

Sir,
My sister and Brother in law who went to USA a decade ago are now Citizens of USA which happened recently , both have NRE and NRO accounts in India and both file Income tax returns in India. Income in India is from Rents and FD'S in my Brother in law account and just FD's Interest income for my sister. Just wanted to know do they need to change any in their Bank accounts as they are US CITIZENS and any change in IT filing from this year.
Can they still maintain their NRE and NRO accounts in INDIA and file Income tax returns in India as they used to do earlier , or there are any major changes in treatment of their status in BANKS and Income tax department.
Thanks and Regards.

Respected Sir/Madam
There is a query regarding two PAN of assessee
Earlier she has a PAN in the name before marriage and its linked with adhar
then she applied a new PAN after marriage which is not linked with adhar
Now she wants to link second PAN to link with adhar.
can first PAN be cancelled or surrendered ?
Request to guide on this

In case of a slump sale of a business unit of X limited(seller) to Y limited(buyer), what should be the block value of the assets taken over by Y limited for the purpose of computing depreciation under Income tax act?
(Let us assume for Sch III balance sheet purpose assets and liabilities are taken over at book value of X limited(seller)ie; at book value as per Sch III of X Ltd)

MY TURONVER BELOW 10 CR OR ALSO GROSS RECIPT BELOW 10 CR
BUT ONE PARTY I HAVE PURCHASE MORE THAN 50 LAC
OR ONE PARY IAM SALE GOODS MORE THAN 50 LAC

IAM LIABLE TO DEDUCT TDS OR TCS

THANKS IN ADVANCE