ABHI KUMAR
This Query has 1 replies

This Query has 1 replies

WHAT IS THE LAST DATE OF PROPRITIROS SHIP AUDIT


Reena
This Query has 1 replies

This Query has 1 replies

24 August 2023 at 16:13

TDS on freight recovery

We are running two wheeler business. we got the vehicle from manufacturer and they are debit amounts in our dealer ledger as for freight recovery.

Should we deduct TDS, if it is yes kindly confirm the rate of TDS.


PURUSOTTAM PANDA
This Query has 2 replies

This Query has 2 replies

23 August 2023 at 23:19

Daughter-in-law income

Sir / Madam,

A house property is in the name of an expired male parent and it is let out.

To reduce the tax liability of his sons, can the rental income from such property be declared in the ITR of one his daughter-in-law?

If yes, what are legal requirements?


Madhavi Pandit
This Query has 3 replies

This Query has 3 replies

Hi Experts,
There has been death of a trustee of charitable trust registered u/s 12A and 80G. Should the trust now with 2 trustees inform the AO in a specific format?
Are there any other formalities, so that the registration u/s 12A/80G is not affected?


Nisha
This Query has 1 replies

This Query has 1 replies

23 August 2023 at 18:22

Transfer Pricing Policy Template

Can anybody please share template of transfer pricing policy for an organization


Dhanesh Koshti (dkk)
This Query has 1 replies

This Query has 1 replies

Dear Team,
I am a salaried person any paying income tax as per the ITR1 every year since last 20 yrs. My query is as below:
My wife is housewife and trading in stock market particularly in F&O.
As I am a salaried person, I can get person loan from any source easily. I wanted to know if I avail a loan in my name and transfer it to my wife there are there can be two options:
a) I transfer the loan which I availed as a gift to my wife
b) I transfer the loan to my wife as a loan between two of us.
My wife will utilize that amount for her F&O trading. So, which out of both which option is more suitable and legal for tax purpose which does not affect my tax implications as salaried person. AND my wife will pay tax on her F&O income as per tax rules.


Prem Moolwani
This Query has 1 replies

This Query has 1 replies

I have filed My ITR-4 under 44AD Presumptive Income since many years. I have self employed Individual. My turnover of Business is around only Rupess Six Lakh per annum approx. I have started trading in Stock Market from (FY 2022-23) Sep. 2022 to till date. I have also SHORT TERM CAPITAL GAIN of Rs. 94000/- (Approx) from sale & purchase of Listed Equity Shares in AY 2023-24 (FY 2022-23). Can I still filed ITR-4, If Yes, where I have to Show Short Term Capital Gain. Can I show above short term capital Gain in ITR-4 in Income from Other Sources / or Any other Income Head, plz suggest.
Or
Any other FORM of Income Tax, such As ITR-3, I have to filed? Is it necessary to file ITR-3 for Me or ANY OTHER ITR FORM, WHICH IS SUITABLE FOR ME. Please Give Your Expert Opinion


V Muthalagu
This Query has 2 replies

This Query has 2 replies

22 August 2023 at 11:28

LTCG VALUATION OF COSTOF ACQUISITION

Mr A & Mr B were brothers jontly purchased a building for Rs 4,00,000/- (Both have equal share) during FY 1986-87. Later during FY 2015-16 they partitioned the same eqally. The market value at that time was Rs 50,00,000/-. Subsequently Mr A sold his share of building for Rs 54,00,000/-. In this case what is the cost of acquisitiion Rs.4,00,000 (or) Rs.50,00,000


Chandra Kala
This Query has 1 replies

This Query has 1 replies

21 August 2023 at 17:55

Order of provisional registration

We got provisional registration u/s 12A from A.Y.2022-2023 to A.Y.2024-2025. Now we can calim exemption u/s 11 of the IT Act for the A.Y.2023-2024


praveen Nautiyal
This Query has 1 replies

This Query has 1 replies

Dear Sir,
we are not able to file Tds return of 1st Quarter for the year 2023-24. Whenever we are going to file the tds return , we portal shown try after some days.

Kindly update us on what is the issue.

Thanks & Regards,






CCI Pro



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