Dear Sir,
Query:-
If a company Paid MAT Tax in AY 2014-15 of Rs. 1.00 Cr and never take credit of that tax till now.
and now in the Current AY company liable to Pay normal Tax.
So now my query is AY 2014-15 MAT Credit of Rs. 1.00 Cr is available in AY 2025-26 or not for me.

MAT Credit available rule Up to 15 Years as per Latest amendment .
Is there any doubt for taken MAT credit in AY 2025-26 due to in earlier take credit only 10 Yrs of MAT Credit.

What if i sold one house and invest the same amount in another residential property but property purchased on my son's name ?
Can I claim sec 54 exemption or not??

R/experts

Pl clear that late fee was waived for the 1st, 2nd & 3rd QTR FY 2021-22. if was waived or composition dealer is not liable to pay late filling of CMP-08.

Kindly provide the any press note/notification in this regard and late fee is payable than how much maximum late fee penalty to be paid per return for delay.

Thanks

"If my employer is not currently deducting NPS, but I open an individual NPS account and provide the account number to my employer, requesting them to deduct the amount from my salary towards the NPS account, will I be eligible for a tax benefit?"

Respected sir,
fy2020-2021 i have some invoices of purchase where invoice no is different from e way bill detail.
amount and date is same but due to some mistake invoice no is differ.tax officer is demanding full tax,int and penalty
please advice me
with thanks

We are a GST registered company. We have taken a flat for accommodating our employees. Is RCM applicable for the rent paid for that flat ? Pls advise.

Which head of Income is 194JB under? Can we show 194JB income under sec 44AD

Hello Sir/Madam,
I have 1 query.
Husband and Wife both are salaried and both are paying tax on their income .
Husband had purchase Quant MF 1 years ago of Rs 1L. current value is 1.4 L for that.
Wife had purchase AXIS MF 1 year ago of Rs 1 L and current value is 1.4L for that .
Both of they have decided to exchange their MF. so husband has given Quant MF to wife of RS 1.4 L and wife has given Axis MF to husband of RS 1.4 L
So my query is
If both of them sell MF after 2 year then if clubbing of income applicable to both of them? Or then can just pay tax of own amount . Both case tax applicable is same.
After 2 year both share price is 2 L then any case of of them need to pay tax on 1 L. But for filling ITR if it need to show against clubbing or in normal.
Also what if net value of both MF is different after 2 years ?
ICICI MF (Husbant had given gift to wife) price is 2.5 L
Nippon MF (Wife had given gift to Husband) price is 2 ?

If a taxpayer having income from business or profession has opted for the old tax regime for the Financial Year 2024-25, he shall be allowed to switch to the new tax regime for the Financial Year 2025-26 only once. However, once the new tax regime is opted, he shall not be eligible to switch back to the old regime in any subsequent year, unless the business or professional income ceases to exist. is this correct??

Dear Members,
Make-up and Hair Styling expenses incurred to a Actresses, can it be claimed as ITC
Is it eligible? because she uses it for her films and promotion events
Please reply its urgent