A PIO invests in MF from his NRE account. On redemption if the redeemed amount is transferred by MF to his NRO account, will it be subject to LTCG? As far as my knowledge goes MF investments by PIO from his NRE accounts are exempt from any tax , but I want it to be confirmed. The doubt arises because MF is transferring money to his NRO account, since bank is not accepting money in his NRE account.
Are there any specific requirements for MF to transfer money in NRE account, when they have been given NRE account statements showing money was invested out of NRE funds

Dear sir,

we are paying accommodation and petrol charges for car to our employee (Car is owned by company, but used by employee) in addition to Salary(Salary includes HRA Part Too)

Please clarify weather 194R tds provison is applicable on such payments of acommodation and petrol charges ??

For clarification:
Accommodation charges we are hitting on Staff welfare expe on our P& L
Petrol charges are also we are hitting on Vehicle running exp on our P& L

Kindly clarify

Regards

A&B joint holders of unlisted shares since 2008. The entire holding was transferred in the name of A with a new broker. Now the issue of B having given up the title on these shares presumably 50% to A will it attract capital Gains. What will be the value of this transfer though no consideration is involved. Will Fair Market Value be considered for transfer and will it then attract capital Gains. If FMV will be considered where to obtain it from.

Dear Sir,

In our organisation one of our Employee is working In Oman, We are payee the salary to him to his Indian Bank Account.

his Residential Status is NRI

his income is crossing the Taxable Limit.

kindly confirm whether We have to deduct the TDS on Salary.

Santosh A. Patil

I am sole proprietor of my firm.
I don't have upi enabled in my current account .
That is why some of my customers(due to ease) directly deposit business payment into my Saving bank a/c via UPI transactions.

Is accepting such business payment in saving bank a/c legal and allowed?

If yes,is there any limit upto how much amount of such business UPI payments can I accept ?

Sir,

Let me clarify that company given monthly award to employee' s to whom who given creative ideas in production and quality related task.

Seciton 194r is applicable on award given to employee in foll differant catagories-
1) Total Rewards are more than Rs.20000/ to each employee in each month?
2) Total Rewards are more than Rs.20000/- to each employee in 2 to 3 months?
3) Total Rewards in each month is less than Rs.20000/-?
4) Limit of Rs.20000/- is includes awards given to employee in April to June 22?? individual employee and/or in totality??

thanks in advance for prompt reply.

Regards,

I have carried Forward TDS of Rs. 31,000/- in the Assessment Year 2020-2021, but in the Assessment Year 2021-2022 , I did a mistake and forgot to brought forward the same in the ITR, However I have received Income of the Amount of TDS so carried forward in the Assessment Year 2020-2021 in the Assessment year 2022-2023. Can I use the credit so carried forward in 2020-2021, inspite the same being not brought forward in the Assessment Year 2021-2022. Please do help me on the following. Whether I can claim the same? If I cannot claim as per the IT Act, 1961, what will be the repercussions even if I still claim it?

Hi Sir/Ma'am,

I'm filing ITR3 for the current assessment year. In the salary schedule, it's showing the name of the employer but the salary is 0.
Neither the edit button is enabled.

It's greyed out and non clickable. While in the Form 16 and AIS portal, salary details are correct.
Please help.

I have received DHFL NCD amount which is as per NCLT Settlement by Piramal. Investment was for more than 5 years and amount received is less than amount invested , hence LTCG. Can this loss of capital be claimed as LTCG in ITR? If yes, indexation benefit can be availed in such case (NCLT Settlement ) ? Note: My NCD was cumulative Interest and hence I have not received any interest payment for NCD. THANKS.

Dear Experts,
Could you please share with me a format of an undertaking of u/s (4) to (7) of sec 288 of IT Act, which will be submitted to IT Dept. for enrolling as an Income Tax Practitioner.

Thank You.