We have received tender for construction of unipoles and thereafter advertisement rights will be awarded to us in consideration of licence fees.
My query is what would be the treatment of construction cost and if capitalised what would be the manner of charging depreciation.
Please guide...

Dear Sir,

One of my client files his income tax return filed under Section 44AD. I want to know what is the provision of mentioning cash balance under this section. Is there any minimum or maximum amount limit for showing in the return.

Please help me in this matter.

Regards,
Divyesh Jain

Hello Members
Good Morning

I want to know whether for registration of Trust u/s 12A of the Income Tax Ac, 1961 requires Financials of 3 years ?
If I have Financials for 2020-21 and want registration for Trust so can I submit Financials of one year (2020-21) for the purpose of registration ?

Thanks IN advance !

Kindly let me know whether the Jurisdictional AO has the power to change the category from Artificial Person to Association of Person whereby the PAN of the assessee remains the same

Respected Sir,

During the whole financial year 2020-21 one of my clients has received a sum of Rs 15,72,000 in many Installments on account of GIFT from her real brother settled in US. As I have to show the said income in ITR-2 under the head of exempt income, whether any DEED is required for such a GIFT INCOME as supporting documentary evidence.

Received from Partnership firm is Taxable or Not, in partners hand while computing partners income
Remuneration,
Interest,
Share of Profit from Partnership Firm,
and On which portion TDS apply while paying to partners,

Whether Penalty should also be paid while we are paying TDS under section 194IA in installments with Interest for delay filing of TDS Returns .

My client had LTCG income in AY 2013-14 but by mistake he had clamed the income in AY2014-15, which was duly assessed U/s 143(3). Now the client has received notice u/s 148 for AY 2013-14. is there any case law or relevant section that will assist in this situation. since same income can't be claimed in two years

IN CASE OF CO OPERATIVE SOCIETY IN ADVERTANTLY DEDUCTION HAS BEEN TAKEN IN 80P(2)(D) INSTEAD OF 80P(2)(B) DUE TO WHICH DEMAND HAS BEEN RAISED BY OFFICER, WHAT TO DO IN THIS SCENARIO?

Sir,
A partner ship firm working in two doctors.
Remuneration and interest paid two partners.
If professional fees paid to two doctors (sec 194j) and one partner staying (residence) hospital principal palace.
Question:
1.rent collected from one partner accepted in it act.
2.professional fees paid to two doctors accepted in it act.