I've been wondering that If we can wear military hats and caps at a function which is being held by group of the army. Do they allow to wear uniforms and hats which are considered as official? I really want to look like an army person in that event. Do let me know if anyone has a clue.
for more info: https://www.capscompany.co.uk/military-caps

You don’t incur LTCG tax on capital gains from ELSS up to Rs 1 lakh , is the 1 lakh limit only after adjustment of brought forward loss.

for example, BF loss is 4 lakh and capital gains for current year is 2 lakh. can i first adjust CY gain of 2 lakh with the exemption limit of 1 lakh and the balance remaining 1 lakh against loss BF of 4 lakh leaving 3 lakh to be carried forward; or will the CY gain of 2 lakh be first adjusted against BF losses of 4 lakh leaving no adjusted CY gains and exemption limit of 1 lakh unutilised. ( meaning it may be better to book gains 1 lakh greater than BF loss, to better fully utilise exemptions )

A person is currently working in a company , however now he wishes to retire and work as a consultant in the same company as he has done LLB , however no practising certificate is available for same.
CAN HE NOW BE ELEIGIBLE TO FILE RETURN UNDER SECTION 44ADA PROVIDING PROFESSIONAL SERVICES (LEGAL)???

Dear Experts...
I have a query that one seller not linked his PAN to Aadhaar.

But buyer does not aware of this PAN inoperative, deducted 1% TDS on immovable property paid and filed 26QB now buyer got demand notice of balance 19% (20% for inoperative; 1% - already deducted)
now my query is seller now linked his PAN to aadhaar.

How to clear this demand? Kindly help me.

Sir
My name is Arjun Kumar Dey and working in Union Bank of India.
I had a property adjacent to NH which was acquired on 2020 by NH for highway construction and they give us 990000 for compensation. But they deduct TDS of Rs 99000.00 even I applied in ITR return and IT dept did not refund this.
Kindly guide this.
Regard
Arjun kumar dey
Mob 9564148023
E mail arjun kumar.dey1978@gmail.com

Single Insurance Premium of Rs. 3 lacs has been paid for LIC Jeevan Shanti policy. On maturity i.e. after 15 years, insurer shall get Rs.2000 per month for life time. The sum assured is not mentioned in the policy. Its mentioned that Rs.2000 per month shall be given from 16th year onwards. Deduction upto 10% of sum assured of LIC policy is allowed for premium under LIC policy u/s 80 C. But, in this case, what shall be the deduction amount u/s 80 C when sum assured is not mentioned & single premium of Rs.3 lacs is paid & after 15 years, from 16th year onwards Rs.2000 per month will be received for life.

IF ANY PARTNER CHANGE IN ANY PARTNERSHIP FIRM THEN MSME REGISTRATION ALSO SHOULD BE CHANGE.

If there is a penalty u/s 271AAC(1) then can we request AO to kept in abeyance the penalty till disposal of appeal ?

If a Foreign Subsidiary Company takes External Commercial Borrowings (ECBs) from its Holding Company at a lower interest rate compared to the prevailing industry rate. In this scenario:
1. Is this considered a compound financial instrument, requiring accounting treatment as per Ind AS 109?
2. If so, what benchmark rate should be used for valuation, especially when a comparable rate is unavailable?
Further clarification:
a) The company has prepared its financial statements in accordance with Ind AS for the first time (First-time Adoption of IND AS).
b) The company has been in a loss-making position for the last 10-11 years. Therefore, the company is not in a position or eligible to take any borrowings from banks, financial institutions, or other non-related parties. So, what comparable rate should be used if Ind AS 109 is to be applied?

If any professionals or individuals have expertise or experience in handling this particular situation, please provide insights in the comments section below.

Event though we had considered high value transactions while filing the return, still we are getting msg regarding its reporting as per new everification scheme 2021. Is it correct to ignore it if we already shown it?