Dear Sir,

We are working in a IT concern as finance manager.
1.we have to paid huge amt for eb bill ( per month above 100000 to 150000). we need not to deduct any tds to government right sir ?

2.and we have to paid very small amt for diesel exp for generator yearly 60000 only . for this no need to deduct tds . tds avail only after 5000000 . is it right sir ?

Can a tenant submit Form 60 in order to claim HRA exemption in case their landlord does not have a PAN card and is ready to fill form 60? Landlord does not have taxable income more than exemption limit. Do offices accept Form 60 as proof for income tax declaration and Form 16?

Hi All,

We are planning to donate the sum of the amount for the plantation of trees, our organization doesn't qualify for CRS applicability as per CRS limits specified in the law.

I just wanted to know what is financially beneficial for us, donating a sum of the amount for the plantation of trees and claiming its deduction U/s 80G, or should we go for CRS expenses?

Also, can we avail of the deduction for 80G by donating to NGO for the plantation or not?

I want to know that in clause 20(b) of form 3CD of tax audit report employees contribution is needs to be declared but in column "The actual amount paid" what amount would be disclosed

1. Total contribution amount including employer contribution i.e Challan Amount.
2. Amount in respect of employees contribution

Hello Experts,
There are two existing Foreign companies A & B in Koea, both are merged in Korea and now now only Company B remained. But company "A" has business and PAN in India and company "B" does not. Now query is :-
1) Shall we apply name correction of company "A" PAN and put company "B" name on it
2) Shall we surrender company "A" PAN and apply new PAN for "B"
3) Any other related to this.

Respected Sir/Madam
Please Guide Can Loss of non-Speculative Business be set off against Long Term Capital Gain Income in FY 2022-23.

Please guide
Thanks in Advance

I wish to know if I can get exemption of income tax on capital gain if I purchase a flat in
Feb 2023 and sell another property in Dec 2023 .

Hi Team,
My Employer allows 3 days WFH in a week and not necessarily mandated that for every week. I have taken rent in Chennai, where me and my family stays on rent. 1 week in a month, I visit Gurgaon, my place of work and there I stay in a PG/ with relatives/ Oyo room. My HR have disallowed the HRA claim even though I have given the rental agreement, rent receipts. Please let me know what needs to be done. Is there any rule in income tax that rental accommodation needs to be taken only at the place of work? As far I read section 2A of section 10(13A) I do not get the impression. Please also note that all my documents (Aadhar, Passport, etc) have the address of Chennai and not Gurgaon. Also I'm having gas connection, Mobile connection, Jio Fiber Broadband connection all from this address

Question 2: I'm thinking of renting a flat in Gurgaon as well. I will be living in Gurgaon for 2 weeks and Chennai for 2 weeks. Can I claim HRA for both the rents paid? I will take a broadband connection as well in Gurgaon and will be paying the electricity bill in Gurgaon to show that I stayed in both places. This is in addition to the rental agreement and rent receipts paid for both these locations.

Is such Trust liable for filing Income Tax return. It does not have any TDS refund claim? Its income is exempt from Income tax.

Are there any circulars/ press release/instructions from CBDT, please provide.

Land was jointly owned by me & my spouse , which was purchased in 2015 & sold recently in Dec 2022 with long term capital gain.My spouse has already a owning a flat in one city. Now we want to purchase a flat another city on joint name.
My queries :
1) Do we need to deposit capital gain account scheme in bank on or before 31st March 2023 or not ?
2) At present amount is in saving bank accounts only.
3) can we purchase flat/ house in FY 2023-24 without depositing amount in Capital gain scheme account ?
4) whether my spouse shall be eligible for Capital gain tax exemption under Sec. 54.?
5) we need to purchase House/ flat only from capital gain amount or we can invest in another land ?
6) any other suggestion from experts
Experts are requested please guide us