Karta's Father likes to give monetary gift frequently to Karta and his Family. Karta is planning to have these gifts received in the newly formed HUF.
1. As the gifts will be frequent, is it fine to receive those in HUF's account without any Gift Deed through online transfer mode without any tax implications?
2. Can HUF receive in cash also? Is there any limit for gifts in cash for above scenario?
3. Will there be any income clubbing for Karta's Father if those gifts are invested by HUF?

Please guide.

What is the limit of cash cash Withdrawal from NRE account during my status as NRI.

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regards

One of my client facing Restricted Refund from 01-04-2023, even though the account is Validated and EVC Enabled. Also checked with Bank, they replied thats not their problem, their side were all are clear.

PAN, mobile number and mail id Linked with Bank
PAN and aadhar Linked

Till Last year refund received from the same bank.

Now it shows Restricted Refund Bank account

Please rectify this

Sir, as per report, PAN-Aadhar link is not mandatory for residents of Assam. But, if any resident of Assam want to link his PAN with Aadhar without paying late fine of 1,000/-, what is procedure ? As I did or find any such option in income tax portal.

How To file PRTC return Form IIIB for the month of February 2023 it
showing error ERROR DESCRIPTION Sr. No. Line No. Box Name Error
Description 1 16 To 20 Computation of Professional Tax Enter data only
in March to Jan Column

Sir, I am a proprietor and now I wind up my profession. now I want to know how to cancel my professional tax registration number. I am living in Gujarat. Please guide me. I am thankful to you.

My son is an NRI living in Europe since 2007.He has a PAN and Aadhar. He do not file any return in India since 2007. He does not have any income in India since 2007. How to change his status in PAN ? His PAN and Aadhar are not linked. Is it necessary or mandatory ? Is it required to change the Aadhar status also ? Can all this be done online ? Is there any way to view the status in PAN online ?

we have paid tds amount with axis bank latest tin 2.0 version. But the paid challan was not generated. how to get reprint the tds paid challan

Dear Team,

I enjoyed browsing through the website and reading through the responses to the questions asked. - Thank you for this great initiative for 'amateur' tax payers.

Salaried (Income Under 20lacs)

Question:
1. Previously completed and submitted Income Tax Filings can be subject / liable to an audit by Income Tax Department.? If yes, what is the ageing of the returns that can be selected for audit. (example : IT Filings older than 02 years OR >5years)
2. Please help / guide with an effective way to save taxes. If there is an article please share the URL.

This is a Capital gain Type A only 5 months old account, open in July - 2022 to deposit profit amount from my old flat selling. Now, I want to buy a new flat, property identify and stamp duty registration done. 50% payment paid to builder from my pocket and remaining I want to opt loan from bank.

My query is,
the amount which I kept in capital gain account, shell I self withdraw on my name from bank or it is not permissible?

The reason for above question is, I borrowed the money from my relative to deposit in capital gain account and now I want to return the same..