There are two HUF. Ram HUF and Ravi HUF. Ravi karta of Ravi HUF is also a member of Ram HUF. Ram karta of Ram HUF passes away. The gold jewelry of Ram HUF transferred to Ravi HUF.
Ram grandfather and Ravi his grandson.
Is it taxable under income tax. Can the experts throw light on such a transaction please....

The assessed purchased a property for RS 7700000 in FY 22-23 at time and agreement was executed while circle rate was 8200000. Before the registry date circle rate was increased by govt to 9600000 The registry is still executed at 7700000 am FTDS deducted at 9600000 as circle rate was higher The assesses is in merchant navy Will the old agreement hold any value while assessing tax Or the difference be added to his incone also will his NRI status be in question as his incone in India will exceed 1500000 if difference is added to his incone

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Received capital gains in Jan 2019.
Deposited in Capital Gains in IOB in Feb.
Paid tax on the capital gains in the same FY and Assessment year 2020-21. IT Returns filed, verified and got Back.
CG Deposit continued based on the understanding that it can be utilized on maturity.
CG Deposit Matured in Feb 2023.
Even though tax paid and refund filed and accepted, IOB asking for Assessment officer Certificate, even after submitting Auditors certificate, that the CG Tax is paid in the same FY and tax exemption not paid.
Please clarify on the need for getting assessment officer certificate , for the tax paid and returns filed CD.
Pamidi Venkateswara
9573965666
pamidivlu@gmail.com

Hi,

My wife and I are both self-employed and work in online marketing.
We do not have any company registered and we bill our clients in our own name.

1) How can we save more tax? I mean, is there anything wrong with what we are doing and calculating our taxes? Will it be better to keep PnL and claim more expenses as self-employed professionals?

2) I am very confused with 24B and 80EEE .. do both applicable to me this year? The property is on my name only but my wife is also a co-applicant, can she also claim any deductions of loans?

3) Do we have to pay Advance tax? If so, how much to pay?

Please help

Thanks

If online window is closed for the section 144 then any option is available for that? limitations of time barring is still remaining for this case.

MR. A IS PREPARING BOOKS OF ACCOUNTS
MR. A HAS TO RECEIVE 1000 FROM MR. B
MR. B HAS TO RECEIVE 1000 FROM MR. C

CAN MR. A DIRECTLY MAKE JOURNAL FOR TO MAKE RECEIVABLE FROM MR. C ?
WITHOUT BANK OR CASH TRANSCTION

IS THIS CORRECT ACCORDING TO INCOME TAX OR ANY OTHER LAW ?

My query is regarding tax deduction at source on freight charges-
1) As per section 172 IT Act , 1969- TDS is exempt which carries passengers, livestock, mail or goods shipped at a port in India, So my question is that whether TDS is applicable or not for freight charges of Goods transported from India to any other countries.

2) Whether TDS is applicable on Freight charges of goods from and to India by Air.

Hi, I'm a free lance consultant and provides advisory services to clients in India and abroad.

Please help to clarify below -
1. Will this be considered as an Export of goods and services.
2. What is the income tax liability on a fees received in foreign currency from client based abroad.
i. is it 100% exempt or taxable
3. is GST applicable to this transaction

Thanks

sir,
It assessee investment in sip(mutul fund) rs:2500/-*8 total rs:20,000/- per every month paid.
Question:
Assessee how to calculate tax of sip (mutul fund) and how to show procedure in it returns.

I have created CRN, it has some incorrect details, I have not done payment till now, Can I create new CRN number.
Do I need to wait till old CRN expires. Then only create new CRN and reinitiate new CRN creation.