RAJEEV KUMAR MEHTA
13 July 2024 at 16:37

Status of Deceased Legal Heir

A expires and leaves behind three legal heir. Subsequently one of the legal heirs expires. Does the legal heirs of deceased legal heirs will be reckoned as legal heirs of A?
Please advise


Navin Talati

Sir,

I need your guidance in the following matter.

I am a retired pensioner. The ITR-1 is applicable to me.

Being a technical person, I may get some consultancy and hence earning opportunities casually (Not on regular basis). If I get such an opportunity and earn some amount (which is a casual income and not a regular income) , In this regard, please guide me that as and when I get some income from this activity, where should I show this income in ITR-1 and in which column? Is there any appropriate CIRCULAR for this?

Awaiting your valuable advice & guidance.

Regards.


Kavita R

Is rotation of auditors applicable to small companies and subsidiaries?


RAJEEV KUMAR MEHTA
13 July 2024 at 12:44

Legal Heir of Deceased

Does the registration as Authorised Representative has to be through login of the person applying for registration?

Please advise!


Krishna Prasad V

Wanted to know which ITR is best suitable in case of below mentioned Incomes are involved in previous year for an Individual below 60 years (Regular Citizen);
1. Income from Salary
2. Income from Profession
3. Income from Other Sources
4. Income from Capital Gains


Rajah
13 July 2024 at 12:17

Selling our car to a Pvt Ltd company

We are a private limited company and are selling our car to another private limited company. Problem is the buyer is asking for an invoice which we are saying we are unable to provide because our nature of business is not car sales. The Buyer's nature of business is also not car sales. Is it alright for us to make an invoice? or should we make a note? If yes, what do we state on it? Thank you for your time


Rahul Singh

Sir
If updated return filed with same income as revised return which was processed by cpc. Additional tax under section 140b is paid Is there chance of updated return becoming invalid.


Ankur Aggarwal
13 July 2024 at 10:04

Gift Received - To be shown in ITR?

Hi,

I have received a monetary gift from my mother in FY 23-24. I have made a gift deed and got it notarised.
1. Do I need to show the gift in ITR in Exempt Income?
2. In which sub clause of section 10 to put it or I have to put it under any other?
3. Any problems if i forget to mention it in ITR?

Thanks.


raghavendra b

DEAR SIR,

ONE OF MY CLIENT SELL SHARES SOME OF LONG TERM IT IS TAXABLE OR EXEMPT

REGARDS


Akshay Kumar
12 July 2024 at 22:46

Deducted 194 H

This is commision on sale with with credit card ..So can I show it under 44ad as presumptive business income ..My friend uses his credit card for commission sale and in AIS it was showing credit card payment of 14 lakhs .. mostly done for credit card sale .So is that sufficient to file 44ad with showing profit of 12 percentage.






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