Sir,

I received renumeration and interest on capital from firm.

Can i deduct depreciation and other expenses from above income.

Can a bank take the responsibility of distributing the money by demand drafts to all the legal heirs from an account where the first holder has expired and there is a joint holder, who is one of the legal heirs.

ONE OF MY CLIENT PURCHASE SOME GOODS FROM A PARTY THE PARTY FILED HIS INVOICES IN REVERSE CHARGE WHICH IS WRONG
WHAT SHOULD WE DO WHILE FILING OUR 3B
DO YOU PAY THE TAX AND CLAIM IT OR LEAVE IT AND TELL THE PARTY TO AMEND THE BILL TO NORMAL..

Sir/Madam

What will be tds rate for Fees for Technical service paid to foregin country if there no agreement or it is not as per industrial policy . If it is not as per below .what is the rate

[a non-resident (not being a company) or a foreign company, includes any income by way of royalty or fees for technical services other than income referred to in sub-section (1) of section 44-DA] [ Substituted by Act 32 of 2003, Section 50, for " a foreigh company, includes any income by way of royalty or fees for technical services" (w.e.f. 1.4.2004).][received from Government or an Indian concern in pursuance of an agreement made by the foreign company with Government or the Indian concern after the 31st day of March, 1976, and where such agreement is with an Indian concern, the agreement is approved by the Central Government or where it relates to a matter included in the industrial policy, for the time being in force, of the Government of India, the agreement is in accordance with that policy, then, subject to the provisions of sub-sections (1-A) and (2), the income-tax payable shall be the aggregate of,-] [Inserted by Act 66 of 1976, Section 20 (w.e.f. 1.6.1976).]

Completion of 9 month Diploma course is part of job offer condition and it is mentioned in offer letter that fee will be reimbursed by the employer on completion of minimum year of service .Whether the amount reimbursed is taxable in hands of salary ?

Suppose company buys back its shares on or after 1st Oct, 2024. The amount so paid is treated as dividend u/s 2(22)(f) as per amedned provisions. Whether dividend paid u/s 2(22)(f) of I T Act, 1961 is eleigible for deduction u/s 80M. Kindly advises us.

Respected Colleagues,
Vehicle owned by father but used by son in his business and paid insurance charges by son his current account, now my first ques is whether son will claim insurance charges as expense in P&L and if Repair & Maintenance (petrol, diesel & wear tear) of vehicle also paid by son & claim as expense, then is it in order?

GST wrongly availed but not utilsed , GST department has send notice regarding this,
what will be the consequences of wrongly availed GST input from FY 2020-21 to till date.

Dear All,
Mr. A's matter for AY 13-14 is pending with CIT(A) since 26.04.2016. additional made was 10 lacs and tax determined payable 3.09 lacs. Assessment order was passed u/s 143(3) on 29.03.2016 determining tax payable 3.09 lacs and also penalty for concealment order was passed on 29.09.2016 determining penalty payable 3.09 lacs. Assessee filed appeal before CIT(A) on 26.04.2016 against order passed u/s. 143(3). However no seperate appeal was filed for penalty.

My query
What is the amount payable if assessee wishes to go for VSVS 2024 and files application before 31.12 ?

Sir/madam,
our Engineering college received amount from IEEE for conduct of Seminars under description of "2024 cycle 2 IEEE SPS seasonal school on signal processing in medical imaging: From engineering to clinical diagnostics" IEEE ask tax invoice for this transaction , my query is if this transaction consider under sponsorship IEEE give invoice to us but those are ask tax invoice to us how to i treat it.

HSN code for this service