Sir,

While file ( 24 Q Qtr. 4th 2024-25) TDS return in below option ask in Colum no.332B in RPU file :-
(Whether opting for taxation u/s 115BAC ? (Applicable from Fy 2020-21 up to Fy 2023-24)
Or Whether opting out from taxation u/s 115BAC (1A) (Applicable from Fy2023-24 onwards )
(Yes /No) )
Which option we select Yes/No please revert.

Donations 1,000,000.00
Less: set apart 15% (150,000.00)
Remaning to be applied 850,000.00
Applied (300,000.00)
Not Applied 550,000.00
Now, this 5.5 lac is taxable at slab rate or at MMR ? Kindly suggest with supporting laws

My client contracted with a video editor for his channel, he is paying Rs 1 lakh per month to the editor is TDS deductible u/s 194C or 194J? (If under 194J at what rate?)

notice issued for the alleged violation of Section 269SS of the Income Tax Act, 1961, regarding the receipt of sale consideration in cash for the immovable property transaction. The entire amount was received in cash in the year 2019-20. Date of Demand Order 25/08/2023 is their any way or procedure to adpot and avoid demand already due date is over. I am not in itr 2019-20 and appeal not filled kindly guide

Sir,

I have two Assets Which is Value of Rs.144000/- ( Furniture Rs.100000 and Weighing Scale Rs.44000/- i have sold of Furniture of Rs. 111000/- So Gain Rs. 11000/- So Please suggest below Table is correct for Deprecation claim or note

Particulars W.D.V. as on 01/04/2024 Deduction During the Year Total Rate of Depreciation Depreciation During the Year WDV AS ON 31.03.2025


Land & Building 100,000.00 100,000.00 - 10.00 - -
Plant & Machinery 44,000.00 - 44,000.00 15% 6,600.00 37,400.00
44,000.00 - 44,000.00 6,600.00 37,400.00

Sir,

We are manufacturing company and some cases we need to pay cash to transporter due to their emergency what is limit for cash payment for allowable expenses to income tax.

Thanks & Regards.

I, have purchase a flat in April 2018 at Rs. 40,11,150/- (as per deed) and also paid GST extra @12% i.e. Rs.4,81,338.00 (have GST Invoices to prove). Now, in April 2025 I have sold the above flat at Rs.62,85,400/- (as per deed). Please help me in calculating the LTCG on the above property with both the methods (i.e. 12.5% without indexation & 20% with indexation) and also clarify how to save applicable LTCG on the above.

One of my clients is a YouTuber earning income via Google AdSense. He has filed LUT under GST and receives income primarily from viewers in the USA. He has submitted Form W-8BEN, so YouTube deducts 15% US withholding tax on gross earnings.

Example:
MONTHLY AdSense income = $10,000
US withholding tax @15% = $1,500
Net remittance = $8,500 → Credited in INR (e.g., @ Rs.100/$ For simplicity) = Rs. 8,50,000

Doubt: How should this income be reported in ITR & GST returns?

Approach 1 (Which I think is correct):

Report gross income (i.e., $10,000 = Rs. 10,00,000) in GST returns, converted at the RBI reference rate/date of remittance.

Similarly, report gross receipts in ITR and compute net profit accordingly.
Then File Form 67 and claim Foreign tax credit u/s 90 for 15% US tax deducted by youtube.

Approach 2:

Report only net amount received (i.e., Rs. 8,50,000) in both GST & ITR.

Ignore the 15% US tax for Indian reporting.

The goal here is not to claim any refund but to follow the legally correct and compliant approach, just to ensure proper treatment. Kindly advise which approach is correct with respect to Indian GST & Income Tax law.

hello
one my client was carried business up to FY 2012-13 and registered as huf on income tax portal and having TAN No. and filed TDS and income tax return regularly after that there was no business and was defunct and filed NIL return now he is carrying business again on the same PAN and TAN no. FY 2024-25 so is he required to deduct TDS if he is having TAN No. or required to check P.Y turnover which does not exceed 1 crore.

My query is if I have taken voluntary TAN no. and filed tds return is required to deduct tds life time or check every year for limit of TDS applicability
clarify

Dear Sir,

Commission Agent can file Itr-4 or any other itr-1-2-3.