I have purchased a residential property through a foreign bank auction( NPA)SARFAESI Act.
I have not deducted TDS % and paid full amount to the bank . I have requestd the bank to refund the TDS amount to deposit to the Income tax department. The foreign bank is saying that they have an exemptions certificate U/S 195(3) of IT Act and they have given the certificate. I understood that the 195(3) is for NRIs. Here the original owner is resident indian. Kindly advice

Sir/Madam

We have made or investments in Crypto Currencies during the fy 2024-25. This transaction are not reflected in AIS and 26AS. Can i have to report in ITR 3??

Please guide me at the earliest.

Dear sirs
when we file updated return for ay 2023-24-ITR -7 , the following error is occurred
kinldy advice us how to proceed to file
filing for the First Time
Mentioned as detailed below
already filed -NO
filing u/s 139(8A) -yes
error description
Schedule Part B1 of Part BTI is not allowed to fill when Sl. no. A5 in part A general 139(8A ) is selected "No".

Sir/Madam

I want to know how to report VDA of Rs. 19400/- in ITR for the fy 2024-25?

Need to report as gift or buy from ?? I buy online crypto currency and it is shown in 26AS & AIS.

Please guide me.

Thanks

ITC can be availed on purchase of motor vehicle if vehicle is given on rent to corporate for transportation of employee and invoice is issued in the name of company?
And what if invoice directly issued in the name of passenger only?

The appellant filed an appeal for the assessment year 2020-21 on 15/03/2024.the appeal is before the faceless assessment wing. Appeal not yet heard or disposed. But the assessing officer threatening to freeze the bank account. Can we ask the faceless appeal to hear the appeal without further delay. Is there any procedure to ask the faceless wing to speed up the appeal process. Can the experts throw some light on this please

Respected Experts

Our directors will visit at Germany & Italy to meet cutomers on Tourist visa. Can we claim expenses in company as visa is Tourist not Business ? If we claimed the same than what is impact ?

Kindly advise the same

Whether Profession tax-Maharashtra needs to be deducted on Professional Fees paid to Doctors by Hospital?

Dear All,

Request you to kindly guide if an NRI CA (recently shifted out of India ) can continue with proprietorship firm in India and also practice outside India. If yes , are there anY Formalities in India ?
whether the firm will have a separate bank account (NRO account) or will it be in the name of the CA?

HIII!!!
vertical balance sheet for the tax audit is mandatory??
vertical balance sheet is applicable to who ???