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Dhinesh A S
This Query has 3 replies

This Query has 3 replies

27 June 2023 at 14:37

Trust Pan Surrender

How to surrender a closed trust PAN Card?


Student
This Query has 5 replies

This Query has 5 replies

Hi, I develop mobile apps and submit them in the google playstore thus my annual turnover becomes around 20-22 lakh. The income is fully from google admob (adsense singapore) ads showed inside the apps which are downloadable from playstore. Now for this income which tax system applies, presumptive 44ad/44ada or anything else? Also do I need to pay gst ?
Please expert insights are appreciated.


C.S.MADHURANATH
This Query has 1 replies

This Query has 1 replies

DEAR SIR, 2 BROTHERS HAVE BECOME THE JOINT OWNERS OF A RESIDENTIAL PROPERTY BY VIRTUE OF A WILL WRITTEN BY THEIR MOTHER. ONE BROTHER IS STAYING IN THAT PROPERTY. THE OTHER BROTHER WANTS TO RELINQISH HIS SHARE BY RECEIVING MARKET VALUE OF HIS SHARE OF PROPERTY FROM THE OTHER BROTHER.
1. WHETHER ANY CAPITAL GAINS ARISE ? IF SO, WHAT ARE THE TAX IMPLICATIONS?
2. WHETHER SECTION 56 WILL COME TO THE PICTURE AND THEREBY NO TAX ARISES? IF SO, WHETHER ANY GIFT DEED TO BE DONE?
THANKS & REGARDS



Rituraj
This Query has 3 replies

This Query has 3 replies

27 June 2023 at 11:43

Tax liability of deceased father

A Father transfer his land to son as gift and dies a few months later. While scrutiny by IT department the father is liable to pay tax on certain income and send notice to deceased father. Whether the land which was received by son as gift will be considered as inherited and will be liable to be disposed to pay tax ?


Abhishek Kumar
This Query has 4 replies

This Query has 4 replies

27 June 2023 at 01:24

VALIDITR-3ATION ERROR IN

I have filed ITR-3 but, the error is
"In Schedule VIA, deduction u/s 80RRB plus 80QQB cannot be claimed more than
the sum of Sl. No. 15 of Schedule P&L account and Sl. No. 1e of Schedule OS"?

I have no relation with these schedules 80RRB& 80QQB. what to do? PLEASE HELP.


Jatin Sachdeva
This Query has 1 replies

This Query has 1 replies

26 June 2023 at 21:12

Advance Tax | Job Switch

Hi Sir/Ma'am,

I have recently changed the company and no TDS was deduced on the salary of april, may and bonus. I have calculated how much tax I will have to pay on that salary. (by calculating my annual income : previous company salary + june - april 2024 salary of new company).

Can I pay the whole advance tax in one go instead of paying it in every quarter.
Advance tax is 50k and in new organization I have mentioned my income from previous employer and I have mentioned 50k as TDS on that.

What can I do now?


Hemant Belani
This Query has 1 replies

This Query has 1 replies

26 June 2023 at 19:25

Error in FILLING ITR

I am getting error in submitting ITR- 3, In Schedule VIA, deduction u/s 80U for self with severe disability cannot be more than the maximum limit of Rs.1,25,000 Where I have not entered any amount under this section. 80U in schedule VI. and clicking by clicking the error, no response was made from the site..

I have also deleted 80 U in part C & D but the Result was the same, still the same error is their on the website.


Manoranjan Singh Sidhu
This Query has 9 replies

This Query has 9 replies

A US-based company has a PAN card in India, in its name. Was taken for withholding tax issues. The US company has no permanent establishment in India. But now as Form 10F needs to be filed online for which the US company needs to first register on the IT portal, with their PAN card. But at the second stage of the registration process, there is a need to fill the FCRN. But as the US company does not have any permanent establishment and is NOT registered in India, and does not require to be registered in India, how can the FCRN requirement be fulfilled? how can we file Form 10F Online, without this process of registration?


VIKAS KUMAR SHARMA
This Query has 8 replies

This Query has 8 replies

Sir, while filling my ITR ay 2023-24 seen salary entry on 26As but that Company does not belongs to me. While I decided to file grievance. It already shows GRIEVANCE by some other person under the head of MISUSE OF ACCOUNT on dated 28-05-2023
But I regularly filed my ITR since 2012 and other financial activity with same PAN NUMBER 2012
Now how can continue use same PAN? where should approach ?
regards


rmalhotra
This Query has 3 replies

This Query has 3 replies

As per latest tax audit guidelines published by ICAI in 2022 and applicable for AY 2023-24, the calculations of F&O turnover are clear. There is no separate exceptions in guidelines for currency F&O trade.

In most of examples given at various platforms and websites ,the illustrations on based with stocks F&O. And could not find specific reply of currency F&O trade. It creates question of what about Currency F&O trade.

1. Is that also covered under similar method of calculations for arriving at turnover amount ?
OR
2. . Does it need to add full value of trade instead of absolute P&L figures. ??

3. Is there any exception / separate guidelines for currency trade turnover amount calculations>>>..

Please guide on this issue.






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