If a father gifts his consultant dentist son a surgical instrument worth 80000 on starting of practice.how to record that as fixed asset in son's tally.
Father has purchased it and has receipt.
It is sons first itr 4 filing and son has no other fixed asset as he is doing his job as consultant.
Please tell

Regards

Dilip

Sir
My updated return is invalidated by CPC subsequently I filed rectification which is also rejected by CPC I request to AO for rectification but that also is rejected stating CPC decision of updated return invalid and rectification rejection is correct Subsequently I filed application for Condanation of delay which is also rejected by AO and PCIT
1. What will happen to my tax paid and TDS paid during year will tax paid will be considered if scrutiny/reassessment happens
2.Which ITR will be considered for final assessment if scrutiny/reassessment happens

Housing Co-Op Society in mumbai having flats as well as shop on the ground floor. In such case electricty and lift maintenance expeses are to be distributed equally between Flat Owners & Shop Owners? Because they are not using the Lift & in most of the cases they dont stay in the building also they are Shop owner of the Society and not staying in the Society.

how to calculate PTRC interest for payment

Respected Sir,
I have a query kindly guide me in this, For Example
Mr. A has missed to show Turnover of 1,00,000 in FY 2022-23. But, While filling Annual Return he found and declared that in Annual return and made Payment Voluntarily through DRC 03 on 22.02.2024 from Credit Ledger. And throughout the Period he has sufficient Credit Ledger Balance.

Here My Question is, Is Interest applicable on Gross liablity or Not ?

An assessee filed return for the year ended 31/3/2010. There is mismatch between 26AS and form 16 to the tune of Rs.54000 and income tax department raised a demand by including interest thereon. TDS 61750 deducted by the employer. Form 16 wrong date of deposit is there. Now the employer gave TDS paid challans with BSR code and CIN to the employee. How to respond this in income tax portal. Whether agree or disagree. Demand paid and the challan has cin with open details or Demand paid and the challan has cin without open details or Demand paid and has cin?

Hi, I have cleared my CA final group 1 in May 2016 and gave my last attempt in Aug 2021 for CA final group 2. I want to understand if I need to register again to give an attempt in future. I am planning to give an attempt in 2026 Dec or in 2027. Additionally will group 1 results be invalid if the registration is not valid?

May I file revised ITR for AY 2025-26, although I have already received IT refund for the said year.

In case of Redevelopment of Society following are the queries
1) After the Redevelopment building is completed and possession of new flats are taken by Old Members & they should continue with old share certificate or New Share Certificate?

2) If new share certificate are to be received then how many 5 or 10 Certificate?

3) If old certificate are to be cancelled then details of transfer of share shown on the back site of the Share Certificate also to be rewritten again what is the procedure?

4) In case of the new flat holder member what is the procedure to adopt as member of the Society.

I recently purchased a property in which Consideration paid as 25 L & 50L respectively.
while fillng part 3 - Property Transferred details i got confused what amount to be mentioned in Total stamp duty value of the property.
should i mention full amount or mention proportionate amount.

While mentioning proportionate amount it shows below msgs
1. Please enter proportionate share of Stamp Duty Value.
Kindly assist