Dear Sir,

I am filing Income Tax Return of an HUF wherein Total income of HUF has exceeded Rs. 50 lacs. Hence I need to fill Schedule AL for that. The HUF has transferred amounts of Rs. 1 lac each to its members during the financial year.

My query is do I need to show these transactions in Schedule AL as Loans and Advances given to the members of HUF or it does not form part of Schedule AL.

Please help me in this issue.

Regards,
Divyesh Jain

How to surrender a closed trust PAN Card?

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.

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

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 ?

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.

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?

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.

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?

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