If any society having 12A registration and their total income not exceeding the criteria of 5 crore, then which audit form he required to file 10 B or 10BB.

1. In Computation statement of Educational Institutions while filing in ITR-7 the computation is to be shown as per actual receipts or by including receipts receivable and expenses payable
2.Whether loans received during the year can be taken as a receipt which are used for payment of expenses

Dear Experts,
1 A company is remitting the INR towards purchase of USD from a registered forex dealer.
2 The query
a.Can a company make the payment towards foreign currency purchase on behalf of the whole time director,employee or officer?
b.Can a company make the payment towards foreign currency purchase on behalf of third person, who is not related to his business?
c.Shall these individuals purchase the foreign currency for the purposes, which are not covered under scope of Liberalised Remittane Scheme?
d.Shall these individuals purchase and hold more than USD 2000.00?
e.Board resolution is required?
f.Any other statutory compliances are to be taken care before purchase?
3 Pls clarify

Dear Experts,

Kindly let me know whether Cost accountant can Conduct Transfer Pricing Audit

for asst.2122, 10ac registration details are not required to be stated in itr7. only very old income tax registraion details were required.

, yet 143(1) rejeected my exemption simply because, i didnt write 10ac registration details in itr7.

can anyone tell me , was 10ac required in asst. 2122?

matter is in appeal now.
regards, ca kunjan
(my view--only from asst.2223, 10ac registration deatsils were to besatted in page 1 of itr7)

My parents who are senior citizens have failed to avail the benefit under 80 TTA - this is because of lack of knowledge- Is there a way I can claim this now for the past years. I do not think rectification allows it.

Hello everyone,

a company received notice u/s. 276B for delay in payment of TDS during covid.

Reason for delay was work from home.

Department has asked for evidence that employees were working from home .

we have mail from HR team on two occassion but 3rd and 4th work from home was declared verbally.

can we prepare and submit board resolution for each instance of work from home ?
will that be accepted by the department ??

Sir, We have formed a society for the purpose where we all the members together collect funds and go for the holidays, Take dinner, participate in other social activities too. We have around 150 members. Also planning to invest in Asset like property. So basically my question is what will be the position for income tax and which formation is required i.e AOP/BOI/Trust?

After the death of the NRI assessee, ITR has been filed through legal heir(also NRI) for A.Y. 2022-23 with refund due. The refund reissue request has failed several times with reason 155. The NRO bank account selected for refund belongs to the legal heir and it is prevalidated. Please suggest on resolving the issue.

I filed an ITR of a deceased person through a legal heir. A new account was opened in the name of legal heir for the purpose of getting refund. The refund has been failing again and again. I will be really thankful if anybody can help in this regard.