As per budget 2020, Employer's contribution to PF / Superannuation exceeding Rs. 7,50,000/- is taxable perquisites in the hands of employee for A Y 2021-22. Whether such threshold limit of Rs 7.50 lacs is applicable to each employer if the e,mployee works under more than one employer? kindly clarify

DEAR SIR I BELIEVE THAT WHEN AN INDIVIDUAL RECEIVES GIFTS OR DONATIONS FROM PERSONS NOT RELATED TO HIM , THAT SUM SO RECEIVED IS TAXABLE U/S 56 (2) . NOW I WOULD LIKE TO CONFIRM THAT THERE IS NO BETTER OPTION TO AVOID TAX . PLS

Dear Sir,

One of my client has prepared a Gift deed and transferred their share in property.

There was a Sale agreement between 3 persons in which house property share was divided between father and his 2 sons.

Now the father and his first son gave their share of property to the second son by preparing the gift deed. All the taxes were paid by the second son as property is now in his name.

I need help regarding what entry should be passed for transfer of property as no monetary transaction took place and taxes were paid by the person to whom property is transferred.

Please help me in this matter.

Regards,
Divyesh Jain

Sir,
AIS information in f.y.20-21.
1.Outward foreign remittance -indian portfolio investment abroad in equity shares (foreign portfolio investment)-(purpose code :S0001)
2. Information source:axis bank
3.Amount description: remittance amount
4.Report value rs:1,56,612/-
Question:
Assessee above transaction amount how to show procedure in books and it returns.

OUR FIRM REGISTERED AS TRUST WE WANT TO CONFIRM THAT WE WANT OBTAIN TAN NO OR NOT .

Dear Sir,

I wish to know whether section 44ADA can be applied to a person who is Radio Jockey and voice-over artist??

Kindly guide me.

Thanks & Regards,
Suraj

Sir,
If a person running a private hospital (not a doctor) Gross receipts rs:48 lacs.
Question:
Sec 44ada or sec 44ad applicable in it act.

Dear Sirs.
The assesse has salary income, and 26 AS shows, Tax Collected at Source on 206CL Collection at source on sale of Motor vehicle.
pls help on the question.
1. Tax can be claimed in refund?
2. Is any provision to mention the transaction in ITR 1 or ITR 2?
Regards

The Designer is an Induvial!

Is section 194IB applicable to a person who pays compensation/rent to a Pvt Ltd company in which he is a director.
Monthly payment is done by the director from his personal accounts.

If the section is applicable then at what point of time do i need to deduct tds? Monthly or on last month of respective financial year?