My relative purchased commercial property (small shop) and given let out. This income should be shown under which heads of income? . Can I treat this income as income from house property or not, please help.

Mr.A is an Indian Ordinary Resident for the A.Y 2022-23 as per Income tax rules.

He derives Director Remuneration from a company in Singapore. It is taxed in Singapore and taxes paid in Singapore.

As per article 16 of the DTAA between India and Singapore, director remuneration is taxed in the state where the company paying the director fees resides i.e Singapore.

Then, which of the following is correct

1) Is the Director remuneration from Singapore is exempted from taxation in India in hands of Mr. A?

2) If it is taxable in India in the hands of Mr.A and tax paid in Singapore shall be claimed as foreign tax credit in India?

Can anyone help me on the above issue. Thanks in advance

1) I HAVE QUERY ABOUT BALANCE SHEET IF PERSON HAVING PROPRIETORY BUSINESS. WHETHER HE NEED TO BE MAINTAIN BOTH BALANCE SHEET SEPARATELY OR COMBINE BALANCE SHEET ???

2) AND IF HE HOLDING SHARE AND STOCK INVESTMENT THEN WHERE SHOULD BE MENTIONED IN IT. PERSONAL OR BUSINESS.

3) SHOULD HE NEED TO MENTIONED FLAT OR HOUSE PROPERTY IN HIS BUSINESS OR COMBINE BALANCE SHEET ?

NOTE HE IS HAVING ONE BANK ACCOUNT

We have received Engineering Services from China which is our Parent Company is TDS applicable on Engineering Services and what will be the rate of TDS and which TDS Section is Applicable

Do the builders and realties prefer to operate their bisiness as companies ?And if so then is it because of the limited liability feature of a company or anything else ?

A private limited company was incorporated in middle of FY 2021-22.

Due to non availability of account staff along with fund crunch, whatever TDS was payable for Qtr 2, Qtr 3 and Qtr 4 of FY 2021-22 was paid on 29-04-2022 and TDS Return was filed on 25-07-2022.

Obviously company got emai from TRACES for default u/s 234E to pay late filing fee.

Has anyone here experienced the same? How to respond effectively?

We have suffered losses from trade of options in NSE IN intraday of about Rs250000/ . Can we adjust our business income from trading of iron and steel or commission income from above lossess. Will income tax allow adjustment of losses? We are gst registered proprietorship firm. Please advise us for fy 2022-2023 about the rules of income tax.

I'm a director of pvt ltd company I want to listed my company in bank .In cat A how i will .and how bank divide company in catA or cat b

My father passed away last year due to covid. Apart from salary income, he also invested in the stock market. He had some long term capital losses. Can this long term capital loss be carried forward by the legal heirs so that they can carry forward this loss in their own name?

My sister took an educational loan. So in her 26AS I can see tcs on the same under 206CP and CQ. Under what head of income should I show the same in ITR?