My wife is a self practicing doctor and she got Intimation u/s 143(1) for ITR4 of A.Y. 2021-22 . It shows Opted for 115BAC : As provided by Taxpayer (yes) , As Computed u/s 143(1) (No).
ITR4 is still showing under process in income tax portal. What should i do ? Form 10IE filed already

What will be the capital gain and how to invest on 2/9 th share of inherited ancestral property after fathers death in 2017 by myself, brother and my mother as legal heir where myself and my brother falls under 30 % income tax bracket and mother is dependent with pan and will have a sell value of 30 lakh. The property is close to 70 year old. How to know the cost of accustion for such a old property.

Dear Experts,

My Father wants to Gift Shares valuing 50 lakhs to my (Son’s) HUF. This Huf consists of me, my wife and my son. Can he transfer this dividend earning asset without attracting any tax. Please advice.
I read many articles But it has created more confusion, then giving clarity.
Also if yes, will there be any clubbing of income from the asset transferred for the donor.

Thanks in advance 🙏🏻

Please suggest . If we want to change our register address in Professional Tax Certificates due to office shifted from one place to another within city . How to change address ?

I had purchase M S Angle for factory building expansion purpose saller showing loading charge on invoice of Rs. 2000/-, & freight 5000/- total bill amount with GST RS 15,00,000/-, should I deduct TDS on this invoice under labour charges, Kindly guide

I am unable to file my IT RETURN FOR 2021-22 FY. MY INCOME IS LESS THEN RS500000/ AFTER TAX REBATE I WON'T HAVE TO PAY ANY TAXES UNDER OLD REGIME.

WHAT PENALTY AND LATE FEES WILL I HAVE TO PAY? PLEASE ADVISE?

We have a firm which has earned a profit of Rs.9 lakhs last year (fy 21-22) One of partner has retired and a new partner joined the firm in feb last year (feb'22) . Now when we pay retiring partner's capital rs.3 lakhs + rs.3 lakh profit and int on capital rs.45000. How much income tax liability retiring partner will have ?

Will the retiring partner have to pay tax on entire Rs.645000 ? Asking this question as someone told me that retiring partner does not have to pay income tax on any amount he gets on retirement from firm. Is this true ?

I have some Short Term C G ... how do i show it as business income without maintaining book of accounts ..

Urgent
partnership firm incorporated in march ending 2022
bank account opened in may 2022
there were no transactions in F.Y. 2021-22
do i need to file nil return?

Partners in a firm have decided to part ways and close their Firm with mutual consent. They have signed on a Termination agreement and wish to surrender PAN of the Firm.
They will write to their jurisdictional ITO on Firm letterhead signed by Managing Partner that they have closed the Firm and surrendering the PAN of the Firm. Please advise on the following:
1. Is PAN card (original) to be enclosed?
2. Is letter required to be signed by all partners? or Signed by Managing Partner is sufficient?
3. Is Agreement of termination, signed by all partners, required to be also enclosed with the letter?
4. Will the agreement on plain paper be accepted or it has to be on stamp paper?
5. Can the ITR for current financial year (2022-23) up to date of termination be filed on due date even when PAN has been surrendered? The income for current year is NIL as the FIRM has discontinued business in previous year (2021-22) it self ?
Will be greatful for your advice.