Respected Sir/ Madam,
One of my Govt. Body Client ( Fishery Department ) deduct Tds u/s 194c @2% of an Insurance Company, on payment of Rs 55.00 lacs and insurance is for their fish stock. My question is it correct or not because Insurance company said tds is not applicable on Insurance company. Kindly Resolve this issue.

Thanks & Regards
Vivek

Please let me know is there any restriction on tax harvesting as per Indian rule? If it any, What the limitation framed on Tax harvesting?

I have received shares of my father after his demise as I was nominee in his demat account what will be the capital gain treatment of these shares

Dear sirs. We are filing the updated return for NRI for ay 2023-24 ITR 2. Senior citizen while calculating tax interest under section 234 A b c not calculated as it is coming automatically in general. Tried many times but persons aged below 60 it is calculated. How to rectify this error in forms. But ITR IS VALIDATED BUT without interest how’s to file. Pl advise

if order passed by AO, then what is time limit for rectification of such order?

in a case of redevelopment of co.op housing society the bldr has give the member of the society
1.garage hardship compensation tothe members who have surrendered garage a sum of rs.2400000/- samp duty value rs.3109906/-
2 flat in lieu of flat surrendered with xtra room.
3.displacement hardship compensation.
4. member corpus fund to each member
5. brokerage
6. shifting charges
7. rent till the new flat is handed to the member
how will the liability for income tax be calculated? if no rent, brokerage , shifting expense is not incurred will the calculation of liability for tax change?

I have filed ITR1 FY.2023-24 but get defective due to 26AS showing 94C deduction. Deductor also changed to 94J now. Response time also over what should I do please help me in this

is there any way, we can surrender trust's 12A and 80G registration ?

Hi All

If existing private company issue shares at face value (even though FMV is higher than FV), what are the income tax implications of the same in the hands of transferor and transferee?

Thanks in advance.

Hi sir

I have inherit a land on 01.08.2023 which was purchased in the year 2001 , sold the land on 15.12.2024. should i calculate holding period from 2001 or it is from 2023? and can i get deduction u/s 54 against this land