pooja

There are 2 partners in a firm , one of the partner died so whether it becomes proprietorship concern now but pan is in the name of the firm, how to keep the same firm name going, does the asset becomes the asset of the existing partner, not able to understand how to go about it..
Thanks you


Madhav Gokhale

In FY 22-23 I had two transactions of STCG nature resulting in an overall loss. how do i show this in quarterly breakdown. i am unable to proceed with filing my return.


Guest
15 July 2023 at 18:01

Late filing of tax return

I want to file a return for Fy 2021-22, Ay-2022-23. My income is less than 2.5 lakhs. Tds deducted was Rs.3000, unfortunately, the company didn't provide me Form16a at that period. After giving them a reminder on June 22, 2023, they sent me the form16a on June 23, 2023, through email. If I file my return now, will I have to pay any late fee? If yes, then how much is the late fee going to be? I would be glad if you can help me with an answer.


Samrat

Hi,

My grandfather passed away recently. The ancestral property which was in my Grandfather's name is getting partitioned to be transferred to my father and his siblings now.
My father wishes to get it transferred to an HUF (of me(unmarried) my father and my mother).
Since his marriage (which happened a couple of decades back), no official documentation or PAN was created for this HUF.

What is the procedure now to form this HUF and transfer my father's part of the ancestral property to the HUF? is a PAN card for HUF required beforehand for this ?
i mean from legal perspective, what documentation and procedure is required before transferring the property to HUF ?

Can it be transferred to my father first and then later on pass it on to HUF ?

Note: the ancestral property is in my grandfather's name currently (i mean not in any HUF's name).

Thanks in Advance.


Student
15 July 2023 at 17:31

ITR for FY 2022-2023

Dear Sir,
I filed my ITR for FY 2021-2022 in old regime. For FY 2022-23 Income Tax is less in new regime than in old regime. I am a salaried person. So can I switch to new regime for filing FY 2022-23 ITR Returns. Please guilde.

Regards


Suresh S. Tejwani
15 July 2023 at 16:37

PURCHASE OF OLD BIKE

OLD BIKE PURCHASED IN CASH FROM INDIVIDUAL BY DEALER AND PAID CONSIDERATION IN CASH.

NON COMPLIANCE ?


Srinivasa Joshi

Sir
Labour working in crushers at mine, we have given contract and they are all Un registered, whether GST applicable under RCM, if applicable rate of GST, some of the experts are saying that GST no applicable hence clarify the same sir
Thanking you
Yours faithfully
Srinivasa Joshi



Suresh S. Tejwani
26 July 2023 at 15:52

CASH PAID ON PURCHASE OF OLD BIKES

SECOND HAND BIKE DEALER PAID CONSIDERATION IN CASH TO OWNER OF THE BIKE.
AND THEN HE REPAIRS BIKE AND PAID REPAIR EXPENSE TO GARAGE OWNER IN CASH
AND SALE IT TO CUSTOMERS THROUGH CASH.

TRANSACTION IS APPROX OF 50 LAKH
IS THEIR ANY NON-COMPLAINCE ?


dilip

ITR2 FA schedule A3 we need to disclose foreign equity here my doubt is what do we mean peak value of investment and closing balance.
will be happy if one can illustrate with examples.


Nisha Kathuria
15 July 2023 at 16:00

Btoc & BtoL in GSTR-1

Dear Sir

Please suggest sales invoice Rs.435200/- buyer is not Registered in GST same state so we need show above invoice in GSTR-1 under Bto C or Bto L coloumn






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