Sir,
I was retired from govt service in 2023 and some fund received by me in form of PF, gratuity, commutation and leave in cashment. This FY I have gifted some money to my two sons which was transferred through RTGS and cheque in two banks. RTGS transfer and cheque amount transaction was below 10 lacs each time. My both son opened FD IN their two banks in 9.85 lacs in each bank.
So each son opened FD 9.85 lacs IN Bank of India and 9.85 lacs in punjab national bank.
I want to know whether notice from IT department may be received by my sons regarding opening this FD.
Money is gifted by father to their son which was received on superannuation (govt employee).

Sir,

A residential property was purchased in 2021 in the joint names of husband and wife. However, the entire payment for the property, including TDS, was made by the husband only. Accordingly, the property was recorded in the husband’s books of accounts as 100% ownership in his name.

Now, in 2025, the property has been sold, and the buyer has deducted TDS in the husband’s name only. The entire sale consideration has also been received in the husband’s bank account.

However, the transaction is reflected in the AIS of both the husband and wife due to joint ownership in the property registration documents.

Kindly advise — For feedback to be given in AIS ? and paper work to be done for any litigation in future

PLEASE SUGGEST THE Product or service category code (ITC/ NPCS 4 digit code) OF PRIVATE COMPANY ENGAGED IN THE BUSINESS OF TEXTILE

While filing Form 15CB online saving a page, every time I come across a pop-up message -Please fix the following issues to proceed further. Invalid Input. Max length allowed is 60. But while saving every page that action is allowed to save. I have tried in various ways to keep the number of characters within 60 and remove all Special Characters. I have been trying for last three days even with different browsers. The result is that I could not submit it finally. Because of this problem my client suffers much in business. Please help us out and suggest an alternative way.

What is penalty for late filing of 10BB?

Dear Sir,
Is TDS liable to deduct
(1) on CFS charges for import, payment made to CHA and original bill is provided by CHA by CFS station company. If yes under 194C?
(2) on Fees Paid to CHA, under which section 194C or 194J?
(3) on shipping line charges, paid to CHA but original invoice is submitted by CHA whereas invoice is generated by freight forwarder.
(4) cha also provide his own company invoice charging for transportation charges from port to factory, container tracking and container loading & unloading .

Pls guide on above scenario listed serially one by one....

If net profit of company as per schedule VI is less then book profit as per 115JB then form 29B is required to file?

Dear members
I have a query and request you to clarify. Mr.A purchased silver on 22.09.2022. Cost is Rs.1670250. He sold the silver on 14.08.2025 for Rs.3360000. Please inform how to calculate capital gain

Greetings,

I would like to know about filing nil returns for International workers in EPFO. Do I have to file either nil return or monthly return or both? Because I got to know it is mandatory to file Nil returns only when your organization has no new foreign employee other than the existing ones.

The second one is the Monthly pay in return filing indicates the pay our employee earns or the contribution we pay in PF.

IF THE SALARY IS PAID IN CASH TO ONE PERSON OF MORE THAN 2 LAKH IN SINGLE FINANCIAL YEAR THN WHETHER SECTION 269ST SHALL BE APPLICABLE AND PENALTY U/S 271DA SHALL BE ATTRACTED?