We are often required to send small amt. of money outside India for payment of some services like lab testing, air freight etc.
My Bank requires form 15CA signed by our CA for each transaction.
This seems an online application, and my CA charges Heavily for these forms.
My querry is that can we not apply/fill this form ourselves? Is it necessary that a CA fills this form? If yes, what should be a normal charge for such. service as per industry standard?

Dear sir(s)

My father in law 30year old house is likely to be sold. My wife indian citizen and resident will get some share out of it.
Is this income taxable and can she save tax by buying another property for herself.
Her brothers are also share holder in this property. will they be also taxed in India as they are foreign citizens and NRIs.

How to calculate the income earned in this case.

Thanks to all

DEAR SIR,

ONE OF MY CLIENT RECEIVED NOTICE U/S 147 OF INCOME TAX ACT. BUT NOTICE SERVED AS PER THE RULE SPECIAL FINANCIAL TRANSACTION (SFT). CASH DEPOSITS MADE DURING THE FINANCIAL YEAR 2017-2018. THE PROBLEM IS MY CLIENT IS AN INDIVIDUAL BUT THE TRANSACTION MADE DURING THE YEAR IN THE BANK OF ACCOUNT OF HIS ORGANISATION MEANS CABLE OPERATOR ASSOCIATION. THE CASH DEPOSITS HOW THEY MADE WERE THEY ARE COLLECTING CASH FROM HIS CUSTOMERS PER SETOP BOXES AND PAYMENT MADE TO CABLE NETWORK COMPANY WHO SUPPLED THE SUPPLIED THE BOXES AND SERVICES. ALMOST ENTIRE YEAR DONE THE SAME TRANSACTION. BETWEEN THIS THE TRANSACTION CROSSED RS. 1CRORE THAT YEAR. SO THE ASSESSING OFFICER SERVCED THE NOTICE UNDER PROVISION OF THE SECTION 147 OF IT ACT TO REOPENING THE ASSESSMENT.
NOW HOW TO ASK TIME LIMIT TO PROVE THE TRANSACTION.

AND PLEASE SEND ME IF HOW TO DRAFT THE REPLY TO LETTER TO THE AO.

YOUR SUGGESTION AND GUIDENCES MUCH NEEDED TO ME

PLEASE GUIDE ME

REGARDS

Hi friends

One of my friend not filled his income tax return for FY 19-20 but he did shares trading of 1.8 cores

He has filed return for fy 20-21, now in his compliance showing two notices for not filling of return and significant value

Please advise us what we can do now

Thanks in advance

Not yet received the assesment order for the AY 2020-21. is there any extension?

A Private Limited Company has not filed its IT returns for the Financial Year 2019-20, hence ROC returns also not filed till date. What are the consequences and how to resolve the same.

A battalion of reserve police force (RPF) has been allotted a petroleum retail outlet by Hindustan Petroleum Corporation Ltd. for sale of Petrol and Diesel.

The battalion office has got its PAN under Government category with 4the character of PAN being 'G' and based on that PAN GSTIN has also been allotted. The petrol pump is selling Petrol and Diesel to public, other departments of state and central governments, and it has captive consumption as well.

The sale during the FY 2021-22 which is the first year of operation is Rs.11.13 crores.

Please advise on followings :
1. Whether Tax Audit will be applicable ?
2. Whether the battalion office would be liable to income tax on the income earned from Petrol Pump operations, if yes, then what would be the rate of income tax?
3. Whether the battalion office being a government office of state government would be required to make TDS u/s 194Q.

Respected Sir,

My query is as follows:

A consignment was exported in May 2021 but due to certain reason funds from the buyer are no more expected. Can we write-off the funds expected on account of BAD Debts? Whether Income tax will allow us to do so? Whether certain formality on this issue is to be done with RBI?

Sir,
It assessee purchase of some shares previous last 7 years .if assessess shares transferred to son or sales of shares benefit in it act.

Sir,


I want to know the TDS applicability in respect of the following payment to a professional (Sec. 194J)

Rs. 5000 (before Tax) on 04-05-21
Rs. 15000 (Before Tax) on 07-07-21
Rs. 5000 (before Tax) on 09-10-2021
Rs. 20000 Before Tax on 05-02-2022

The exemption limit available for professional payment was Rs. 30000 p.a. Here first three bills, because of not crossing the limit I have not deducted any tax and paid full amount to the party. But on receiving the last bill the TDS provision attracted and liable to deduct for the whole amount from the beginning.

Then here I want to know how can I deduct and pay the tax. Whether I have liable to pay with interest based on the bill date or deduct full amount of tax from the last quarter bill and pay without interest and show deduction details in the last quarter return. Because as per TDS provision liability arises at the time exceeding the exemption limit.

please clarify