Sir, When notice is served u/s.148 due to non filing of ROI and assessee is not respoding to that notice, then, A.O. after the time limit mentioned in the notice, he can pass the order U/s.147 as per the material available with him right ? , But again why the AO has to travel to issue the notices u/s.142, 143(2) etc. etc. Hence, I am not able to understand, kindly enlighten me.

2 persons having agriculture land, made partnership firm by contributing their agriculture land in partnership firm and shown agriculture income in partnership firm, whether agriculture income earned by partnership firm is exempted ??

Long term Capital Gain on Sale of Residential Property : Rs. 25 L
Brought Forward Capital Loss (Short-term capital Loss on Shares/Stock) : Rs. 15 L
Can we invest Rs. 10 L (25 L - 15 L) in capital gain bonds u/s 54EC and adjust balance capital gain of 15 L with brought forward capital loss.
Is this allowed or not, if yes, are there any restrictions or limitations ?
Thanks

I sold shares and invested in flat A and claimed LTCG exemption u/s 54 F
I sold my flat and invested the proceeds in another flat B and claimed exemption u/s 54.
Can I do both these transactions in same Fin year
I do not own any other flat

Wheather TDS is applicable on the purchase of software from Abraod ?

This purchase is in the nature where purchaser is purchasing it for end use on subscription basis and not for resale, doest it fall under Royalty now ? and attract TDS ?

Kindly answer on specific note, section and caselaw

My mother's flat is being redeveloped and the builder has incorrectly adjusted a portion of the hardship charges against additional area and shown it in her form 26AS. However, she has not availed any additional area and this may also be an honest mistake. After weeks of follow up with the builder, there has been no resolution on the same. I've raised a grievance with CPC-TDS but can you suggest any other form of recourse to get this corrected?

Say tds is deudcted rs. 10000 i.e 1% on rs. 10 lakhs. however income from vda is rs.1000.
what to fill in corresponding receipts offered in tds columns as it is default showing rs. 10 lakhs however income is rs. 1000?

Notice u/s 133(6) against purchase of vehicle of Rs. 2822011. but assesses not file return in AY 2021-22. ITO call information about source of Income, Bank account statement where this investment recorded and capital account investment started accumulating.
kindly suggest best for this regards
thanking you

Dear Sir,
There is demand of Rs. 71,584 for the Q2 and Q3 towards non filing of TDS belated returns for the F.Y.2015-2016, but during the year TDS deducted and paid and filed the belated returns of Rs. 25,550 for both the periods ie. Q2 and Q3, Now the question is under supra section whether the demand ie late fee is of Rs. 71,584 or only it would be restricted to Rs. 25,550 to the extent of which there is TDS deducted and paid. Becasue no penalty should not be more than of tax amount.
2. since demand pertained to F.Y. 2015-2016, as the propreitory ship got closed and propreitor also passed away. does the recovery proceedigs will happen

Ours is an insurance company. We pay brokerage to the Insurance brokers. The brokerage is generated on the last day of the month and TDS on the same @ 10% is remitted to the IT dept. before 7th of the next month. However, Invoices for the payment is raised by the Brokers subsequently.

In the specific case, we had already remitted TDS on brokerage for the months of June & July 2023 at the specified rate. However, now brokers have raised their bill for the month of June & July 2023 after obtaining Lower deduction certificate effective from 25th August. 2023 to 31st March 2024 and requested us to adjust the lower deduction rate of 4% against their bill for the months of June & July 2023.

As per our practice TDS becomes payable on accrual or payment whichever is earlier. Accordingly, we had remitted TDS @ 10% for the month of June & July, 2023. As the validity date of the Lower deduction certificate is 25th August 2023 to 31st March 2024 is it possible to adjust the lower deduction rate for the Invoices for the month of June & July 2023 which was raised after issue of Lower deduction certificate.

Please guide.