My daughter's current status is NRI and she is having an NRO account in India. Can I being his father deposit say Rs 2 lacs in her NRO account as a gift. Are there any tax implications on both of us from point of view of the status of giver being RI and beneficiary being NRI? Do I have to do any documentation for this?

Dear Experts,

If a commercial property (currently in name of individual) , 50% ownership of the same is transferred to his wife as gift without any consideration, will it be taxable in hands of wife or husband? Required stamp duty on registration of the gift deed will be duly paid

Please advice

Regards,

sir
I have a question related above subject.
An educational institution covered under section 10(23C) (iii ad) has FDR in bank account and during the year he earned interest on such FDR and TDS is also deducted on it.
1. my question is whether we have to report interest on FDR in other source head or in SCHEDULE IE-4 "INCOME AND EXPENDITURE STATEMENT (applicable for assessees claiming exemption under section 10 (23C) (iii ad)?
Please reply me and oblige.
Thanks

WHETHER THE THERSHOLD LIMIT FOR RENT ON IMMOVABLE PROPERTY OF 2,40,000/- IS PER PARTY?
IF SUCH RENT EXPENSE EXCEEDS THERESHOLD LIMIT OF 2,40,000/- IN ANY PERTICULAR FINANCIAL YEAR BUT TO 2-3 PARTIES TDS WOULD BE APPLICABLE ON SUCH EXPENSE?

Repayment of loan includes interest accrued on such loan is deductible from accumulation of income u/s 11(2) of the IT Act

Sir, I have file my return of income tax after due date. My query is that
1) Can I file revised return even though i filed after due date?
2) Can I change ITR in revise return?
Kindly clear my doubt. thanking you.

Hello Experts..

Just want to confirm the time limit for e-verification.
Whether the 30 days time limit is including or excluding the date of ITR filing

Thanks in advance

I have Purchased a property worth Rs. 2 crores. jointly with my father, and i have registered a agreement to sell on 09.06.2023 with advance amount of Rs. 20lacs and there t deducting TDS @ 1% on same Date.
But the property was going to be registered on 04.09.2023, i have deducted TDS @ 1% on balance Rs. 1.80 crore. on 21.08.2023 on the assumption that the seller pan is linked to aadhar but the seller is non filing assess and has not linked PAN with AADHAR.
i had Received a notice from TDS Department on 23.08.2023 that i have to deduct 20% TDS ob Balance Rs. 1.80 crore.
Now on 29.08.2023 seller AAdhar PAN is Linked.
can approach AO for same as PAN is linked and Plese wavie 20% as i Have already Paid 1% TDS On Sale of Immovable Property.

Please Reply at the earliest with best solution

Whether Financial Statements of Non-Corporate Entitles are required to be prepared as Schedule III format while attaching financial documents along with Audit report under section 44AB?

How many employees required to get registration for Corporate NPS ??
What is the procedure for Corporate NPS Registration