A religious trust is registered u/s 12A of the Income Tax Act. My queries are as follows:

1. Can it receive donation from a single person in a day in cash of Rs.2 lacs or more, whether provisions of s. 269ST of the Income Tax Act, 1961

2. If a person makes a commitment to the trust that he shall donate a sum of Rs.10 lacs for construction of a shed in the premises of the temple managed by the religious trust and then against the commitment pays the donation to the trust in 10 instalments of Rs.1 lac each over the period of 10 months. Whether the same shall fall within the purview of s. 269ST of the Income Tax Act, 1961 ?

3. Will the answer to the above queries be different if the donation is received towards corpus fund of the trust?

4. Will the answer to the above queries be different if the donation is received by a trust which is a Religious cum Charitable Trust?

5. If the trust, which is a Religious cum Charitable Trust, will be liable to tax u/s 115BBC treating the donation received in Cash without disclosing identity of the donor as anonymous donation?

I am CA students, as per Articleship I completed my 2 years and 7 Months, 20 days without taking any examination leave. as per ICAI 156 days leaves allowed i.e 6 months, I want to join pvt ltd company. Can i join pvt ltd company, with my examination leaves. or can I terminate my articeship please guide me. It's Articleship is completed or not. what i do.

Dear Sir,
One simple yet logical query. How to calculate / claim standard deduction for the following :
(1) Gross Taxable Salary Rs.75000/-
(2) 80-C Deduction Rs.25000/-
(3) Prof. Tax Rs.600/-
so net taxable salary Rs.75000-25000-600 = Rs.49400/-
In this case my question is whether standard deduction for FY 2022-23 to be claimed as Rs.50000/- or Rs.49400/- (net taxable income) because if we claim Rs.50000/- then taxable income comes in negative (-)600. So please guide.
Thanks in Advance.

I had worked in a PVT company for nearly 14 years in chennai. I resigned in 2019 and withdrew entire PF amount. Approximately around 1.2 lacs is available in EPFO pension account. By any chance can i withdraw some part amount or full amount now from that pension fund.

Pls advice

Dear Sir,

My client is suffering Short-Term Capital Loss since last 2 years, now my question is as follows -

In case of Short-Term Capital Gain or Long-Term Capital Gain, is it mandatory to submit Quarter-wise details while filing Income Tax Return, kindly advice.

Warm Regards,
Aditya Ghatge

WHETHER ANY ADVERSE ACTIONS OR ORDER CAN BE ISSUED BY DEPARTMENT IN FUTURE FOR NOT DEPOSITING LATE FILLING INTEREST AND PANELTY OF PRIVIOUSLY FILLED RETURNS.

gst3b was filed nil by mistake (by clicking radio button of do u want to file nil ? on portal) when there was sales (itc was anyways nil).

gst 1 was filed correctly, it has liability , can i pay it via pmt challan and adust in drc03?

i am worried customers wont get itc if i pay in next month, hence want to pay off in current april 23 period only.

am i wrong of drc03 to adjust for april 23 period?

Dear Experts.

01. We are getting the supply the GST registered vendor.

02. They are having the GSTIN in their home state.

03. Their place of business premises is located near to the state boundary.

04. They are preparing the Invoice with their home state code.

05. But they are dispatching the materials from another state.

Ex :
Supplier got the GST registrations in TN State.
Their warehouse is situated near to the PONDY boundary line.
So they are dispatching the material through GTA, who are registered under PONDY UTGST.

06.Now the query is :
As a service recipient, whether we do discharge the GST liabilities under RCM as CGST/SGST or IGST?

pl clarify

1. what will be the treatment of Input GST on capital goods in the hands of goods transport agency, in the light of rule 43 if, condition
the GTA is on forward charge and has claimed 20% of input in the 1st year, but opt out from forward charge in the next year. whether he will have to reverse the GST of 20% in the year in which he is in the reverse charge or the input will be lapsed? and in the 3rd year he again shifted to forward charge, will he be eligible to claim the remaining 60% of input from 3rd year?

2. What will be the tax treatment in the following situation;
There are 3 parties involved one is the client and the other two are GTA suppose A & B. Client gave job to A and A gave the same job to B.
B is in forward charge and A is in Reverse charge.
B pays 12% tax and claims input. now A is in reverse charge therefore he will by default pay 5% tax on RCM. who will pay the tax?
(i) client, who gave the job to GTA-A, or
(ii) GTA-B, who is in forward charge, because the ultimate provider of service is B.
and if B is liable to pay then at what percentage he will pay tax and will he be eligible to claim input on the same?

One person is owned 3 shops (proprietor) and He Appointed sales person for 2 shops and give salary to 2 persons, then for ITR (Loan Purpose) How Should i prepare financial accounts ?

1. Should i prepare profit and loss, balance sheet separately for 3 shops and give 3 shops combined net profit value in itr 4

OR

2. Should i prepare single profit and loss, balance sheet for 3 shops ?

Kindly Answer