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if assessee filed return of income of salary for a.y. 2024-25 in old regime so in a.y. 2025-26 we need to file return of income having business income (only remuneration and interest from partnership firm) so we need to file form 10IEA? if need to file then opting out option is auto selcted insted of re-entering in new regime.
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Sir,
I had worked with a company for 10 years and 6 months. After t years of leaving the company , i have withdraw my PF that is Rs.1904454. Now my question is either the PF income is taxable or tax free
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In Schedule OS/ Schedule EI, the amount of dividend income mentioned is cannot be more than the dividend income reduced from Schedule BP;#;Kindly ensure that dividend income mentioned in schedule OS or schedule EI should be equal to dividend income reduced from Schedule BP.
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Whether Valuation report from Approved valuer is necessary while filing income tax return at the time of sale or Market value as on 01/04/2001 shall be directly taken?
As Income tax department shall only consider valuation by government approved valuer as per section 50C, so whether valuation report done by valuer as per the request of assessee is necessary as per income tax act?
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What is the SAC code for matrimonial website services and how much is gst percentage?
This Query has 5 replies
Dear Members,
I am registered under GST since, I receive rental income from place rented for commercial purpose. I have received a notice from PT Department to register in PTEC/PTRC. I am not involved in any business/profession income should i register under PTEC?
I am registered in GST as proprietor since there is no option for individual
Please Reply
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We are a hospital with more than 4,000 employees. Our institution is already covered under labour laws, including ESI, PF, and the Payment of Gratuity Act.
Our management is exploring the option of outsourcing some departments, such as the hospital canteen, to an outside agency. That agency may employ fewer than 10 people. The proposal is that since the contractor has less than 10 workers, they will not contribute to ESI, PF, or gratuity for their staff. Payments would be made to them on a contract basis.
We need clarity on the following points:
Since our hospital is already covered under ESI, PF, and gratuity, will the canteen workers (contract workers with fewer than 10 people) also fall under the coverage of these Acts?
Does the size of the contractor’s workforce matter, or does the fact that they are deployed within our covered establishment automatically make them eligible for ESI, PF, and gratuity?
In case the contractor does not comply, will the liability fall on us as the principal employer?
Your expert guidance on this matter will help us advise our management properly.
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My client purchased a land in 2008, but they registered it in someone else's name as the issue of SC land was involved. So, they purchased it for Rs. 5 lakh. Now, in 2017, they made an agreement with that person and paid Rs. 10 lakh to him that they will settle down it for Rs. 17 lakh. And Rs. 7 lakh was left. Now, in 2025, if they want to transfer it in their own name or they sale that property, how much will be the long-term capital gain and what will be the impact? Can the cost of agreement that is Rs. 10 lakh or Rs. 7 lakh be included in purchase cost?
This Query has 3 replies
If tax payer has equity share income, speculation income, and other vegetables sale income, then what would be the turnover limit for audit
This Query has 3 replies
In which schedule of itr can I show exempt perquisites included in my salary?
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