Hi Sir,

I am a 29 year old girl already holding a degree in MBA and working in the field of Human Resources from last 6+ Years. After thorough analysis , i am thinking to pursue CA along with my job and give it a try. As i already hold an MBA degree i am thinking to attempt inter Group 1 in may 2025.

It is really possible to start from scratch at that age, considering i will be definitely having family responsibilities after 1-2 years. Also in case I finish it by 33-34 years of age what opportunities I ll be having as a CA fresher at that age or in case i start my own practice at that age what are the growth opportunities in that ??

Please help me with this. I need guidance

Mr Ankit is giving a gift of 50 lakhs to his sister Bindu. As part of the Gift, Ankit prepares a No Objection Certificate which states that Ankita (Bindu's elder daughter) and Arpita (Bindu's Younger daughter) are providing no objection to Ankit for giving a gift to their mother as their grandfather's wish was to provide this money for the marriage of the grandaughters, however, since the marriage of the grand daughters have not taken place, Ankit is gifting this money to his sister as per his father's last wish. Similarly NOC is taken from the sister - Bindu as well, and in addition, one clause mentions that both of Bindu's daughter's are willing to indemnify their maternal uncle - Mr Ankit.

Facts to note are - both the neices of Ankit (i.e. Bindu's daughter's are unmarried).

Question 1: Does provision of clubbing of income apply? If yes, in whose hands will the income from the 50 lakhs be clubbed with?

Question 2: Is there a way in which the clubbing provision does not apply?

Question 3: will the donee i.e. Bindu who is the sister of Ankit, have to pay any taxes - be it gift or income tax?

My client had filed Form 15CA part D. Now if he does not wish to remit the money how can he withdraw form 15CA particularly when 7 days have passed when he filed form 15CA online.

Should the service provider be able to claim ITC on purchase of agricultural things for such agricultural purpose?

Dear All

I am paying freight in cash to transpoters. Some bills are reflecting under GST for which I am liable to pay reverse charge but others it is not showing. Do I have to pay reverse charge on that also and claim the input credit for that or i need not to consider the amount which is not in GST.

Dear Experts,

Are 15CA & 15CB forms necessary when making a payment from a credit card to a foreign company like Linkedin for sales navigator tools (automatic payment deductions), GoDaddy for domain purchase, Grammarly for tools?

Please respond, as payment is being deducted from the credit card.

Dear experts

I purchased a house in Feb2016 for Rs 70 lacs which I want to sell now in 2024.... During purchase I deposited valid TCS of buyer to the INCOME TAX department....

My question is will I receive any notice from Income tax as I did not show that house while filing ITR in AS 2016-17
Thanks
Hari

Pen drive fixed asset yes and no

Dear Sir,

My wife was working in Ireland from Nov 2021 to Nov 2023 and has earned Salary income in her bank account in Ireland. Now she is settled in India from the past 3 months and will be permanently staying in India. She wants to transfer the amount earned in Ireland to India.

My question is whether she needs to open an NRE account here in India to transfer the amount from Ireland or she can directly transfer in her saving account here in India the entire amount in one go. The taxes on income earned in Ireland has already been paid.

Please help me resolve the query.

Regards,
Divyesh Jain

how to solve
T_FV_6351 error in th latest 2023-24 Q4 error RPU file