Sir,
It business person rs:15 lacs wedding expenses for daughters marriage purpose f.y.24-25
Question:
1.Assessess wedding expenses any limit provision applicable and expenses claim allowed in it act
2.wedding expenses show procedure account books.

My GSTR-2B is not generated as I have filed previous month's GSTR-3B after the cut-off date for generation of GSTR-2B for current month. Now how can I generate my GSTR-2B; I have tried it in selecting relevant invoices in IMS portal but still not able to generate GSTR-2B, please suggest.

If buyer deducts tds on purchase of immovable property by successfully filing 26QB but later on comes to know that seller's pan & aadhar is not linked and demand for short deduction had received then what to do in that case..??

is it mandatory to file GSTR9, purely RCM spplies, where as turnover exceeded 2 Crores, but in GSTR9 there is no option of RCM turnover entry to HSN wise summery table please guide me

The Department is conidered the DTAA Income ( Dividend Received from Foriegn Company in USA ) as income from Other sources instead of Specail rate income ( as per Article 10 of DTAA with USA ) and taxed at Normal Slab Rates and raised the demands accordingly, Please clarify the why demand is raised.

Sir/Mam,

We have paid 194C TDS amount Oct 2024 30,000/- can we adjust this amount in 194J in Q3 Returns

Plz clarify my doubt

Thanking you,

Sir/Madam

I have some queries regarding share of liquidated company.

We have Shares of Industries and Mazada Ltd 100 no. Company is in liquidation. We want to sale these shares and encash the same. We have physical share certificates in the name of father, which was expired in 2004.

Please guide us, someone need urgent some fund.

Thanks in advance.

I filed my ITR 2 as a resident last year and in the payslips of my US company its mentioned xyz, so I showed all salary and employer name as xyz in both salary head and schedule FA.The address is correct in both the places. Now when I was filing my US tax, I noticed the offer letter mentions xyz LLC. Can this create an issue in the future?

The Advanced Calculator at Income Tax website (https://eportal.incometax.gov.in/iec/foservices/#/TaxCalc/calculator) appears producing wrong calculation pertaining to income details for FY 2024-25 (AY 2025-26).

I request all experts to please guide me how to calculate tax in case of following example, as there is no reliable and publicly available tax calculator online.

Tax regime: Old tax regime
Assessment year: 2025-26
Taxpayer category: Individual
Residential status: Resident
Age: Between 60-79 years (Senior Citizen)

Following capital gains realized on or after 23-07-2024:

1. STCG from Equity mutual funds: Rs. 2,48,000
2. STCG from Non-Equity mutual funds: 1,42,000
3. LTCG from Equity mutual funds: Rs. 1,91,000
4. LTCG from Non-Equity mutual funds: Rs. 2,25,000

FD/Savings Interest: Rs. 2,34,000

Total deductions (u/s 80C and 80TTB): Rs. 2,00,000

HI,

If my brother is transferring money to me: eg INR 60,00,000/- (as gift) in parts , say 5-6 transactions

a) is their any restriction or issue with that?
b) i believe its not taxable, as its my real brother?
c) do we/he need to submit any document?
d) trust their will be no tax deducted at source for it

Please advice urgently

Best Regards
Saurav