If I transfer shares worth Rs 10 lacs from my Demat Account to my wife's Demat account : i) what are the tax implications for this transfer transaction for both of us? What are the tax implication on both of us ii) if Dividends are received by my wife iii) if the shares are sold by my wife after 1 year of transfer?

If e way bill was not generated and 200% penalty was imposed u/s 129(3), such penalty was duly paid
Now order of DRC-07 is issued mentioning such penalty liability,
So now can we file appeal against such DRC-07 order?
If yes on what grounds such appeal can be filed?

Hi Team,
If we have a jointly held property and rental agreement is made with first & second holder.

As per agreement First Holder is getting the rental income in their Individual Bank Account

How the rental income should be considered for taxation purpose?

Is it as per the Rental Agreement both owners should be taxed as per their ownership holding ?or
It should be who receives income in their bank account
or
It doesn't matter who receives the income but either of the Joint property holders can show in their Income tax return ?

Appreciate you help.

Thanks,

I forget to move my previous year dividend from USA Stock. I have filed my current IT Returns and it is processed. Can i now move the previous year dividend and fill form 67 and get the benefit from double taxation.

I have also some old dividend money in lying in USA account. Can that also be moved with any benefit or again i have to pay full tax as per my slab? this will become 25% from USA + My slab

Our company allot share on rights issue basis, as part of that share holders transfer money to company's over draft account, is there any issue in that transaction?

SIR
MR A PAID FOR SELF TAX RS 35,000 FOR THE ASST-YEASR 2024 -25 ON 25/07/2024. WRONG PAN NUMBER. BUT MR A FILED RETURN ( MADURAI CIRCLE) WITH DUE DATE BANK BSR CODE AND CALLAHAN WITH DUMMY NUMBER. PL KINDLY ADV FOR REIFICATION CORRECT PAN NUMBER CALMING THIS AMOUNT
THANK

Flat sold by property developer showing as Sale Of immovable property in the AIS of sole proprietor. Will there be any issue if the same reported as Business Receipts in ITR 3 not as capital gains.

PQR LLP, Mr. C & Mr. D are the partners of XYZ Joint Venture LLP.
XYZ Joint Venture LLP doing business & pays 30% income tax on their income
After paying tax (30%), XYZ Joint Venture LLP shares profit to their partners in their profit sharing ratio.
Question, Is PQR LLP also liable to pay income tax @30% on profit received?

We Send Bulk Letters through Speed post By Post Office of India and make payment to Post office through Cheque. whether post office is consider under contract and have to deduct TDS @2%. The Limit Is Crossing Rs.1,00,000/-.

Can we appoint the R&TA in Mumbai, for a PVT. LTD. CO. having registered office at Bangalore.

Kindly revert urgently.