I had invested X amount in MLD in August 22, the maturity of the same was November 23. Total Period of holding 15 Months approx. Now on maturity the proceeds are credited to my bank account.

I want to know, how the gain will be taxed. Will it be taxed @ 10% as the same is purchased before 31st March 23. or at some other rate.

Is Rs. 5000/- per day limit applicable on legal fees under RCM of GST.

Resolved and deleted.

Dear sir,
One of our client was a Director in a Pvt Ltd company and had applied shares at the time of allotment @ 10 and Latter on there was a right issue which was also subscribed by them @ Rs65/- now they have sold shares of the Pvt Ltd Company @ 160/-. Is there any implaction that we have to go for valuation or go for Rule 10UAA. Kindly guide and will indexation will be available as allotment was in Fy 2013-14

Note that we have already submitted our 26Q2,2023 Return timely and here shown one Transporter whose one bill taxable Value Rs. 32,500.00 but not deducted any TDS (i.e. 0%) because Transporter given us Declaration for Not Deducted TDS Purpose.

After Return submitted Department issued us short Deduction Notice Rs. 7150.00(including Interest) because Transporter Not Linked his PAN with Aaddher.

Note that We already paid this above demand amount and Online Added our Challan Details in statement on Trace website and create conso file.

Now our Question is how to show this paid demand amount in revised TDS return (CONSO FILE) .

Sir,

A & B are joint bank account holders, A being first named. A has expired and deceased claim been submitted. However kindly advise :
A. Whether Banj account can be continued by the joint account holder?
B. Is there any banking guideline be pertaining to this?

Kindly Advise.

Thanks & Regards

Hello All
I want to know if I give some amount in shape of gift to my brother who is a NRI.. SHALL THAT AMOUNT WILL BE TAXABLE IN THE COUNTRY AUSTRALIA in his income tax return..
Pl do reply.
Regards

I have received below answer;

Your ITR is invalid till the condonation request is approved. However, if the time to process the return u/s 143(1) of I.T Act is over, it is deemed that the condonation request, if any, has not been considered (or) has been rejected by the DIT(CPC).
Jan 25, 2022

I availed medical insurance facility for Knee replacement of my mother. Cashless claim was settled at the time of discharge from hospital. However, physiotherapy is required post discharge. And it was done at my home by a local physiotherapy clinic. The clinic is Unregistered with GST. For claiming this expense from Insurance company, I had submitted payment proofs (Partly UPI and Partly Cash) by way of handwritten acknowledgment on the Clinic letterhead stating payment amount and date of payment. Insurance Company has denied the claim stating they require proper bill.
The clinic is willing to give me invoice but I anticipate the insurance company will deny it saying that these are back dated invoices. By now they know that the clinic doesnt give invoice bcus acknowledgement on letterhead was an alternate to invoice in the first place.
What are my options ?

Sir,
Professional income sec 44ada provision it returns filed person cash loan debtor balance write off adjustment entry with cash loan creditor two persons not same persons.
Question:
Assessess Book adjustment entry sec 40 a(3) and sec 40 a(3a) provision applicable in it act.