Hi All,
I have registered a new company. I would like to know what are the post incorporation must have. I do not expect any major transactions in the business at least for a year. What are the must do form submissions apart from ADT-1 to ensure compliancy ?

Respected Sir,
Stamp Vendor Purchase a stamp of rs. 80 Lakh and sale the same . He Received Commission for that Subject to tds

My question is this transaction Show in Income Tax as purchase and sales or only Commission income ?

If We Considered as Purchase and sales then GST Registration is Required ??

have Wrongly Claimed Entertainment allowance of Rs.50000 instead of 5000 for Year A.Y.2021-22

And I have forgot to Claim Housing interest

Now I have Received 143(1) intimation Showing Demand

How Can I rectify that Mistake
And Avoid Demand of 143 (1)

Respected Sir/Mam,

I want to know about time limit for "payment of custom duty" after arrival of vessel at port.
I have an idea about Sec 47 of customs act. I also want to know about whether payment of custom duty is impacted by Entry Inward date.

Case 1 ) Mr A had given his hostel premises to government for student residence on rental basis.
Government paid him Rs 100 per day per student. No of student is 100. Means 1 student 100 *365 = 36500 & 36500 * 100 = 3650000. His T O will be exceeds Rs 20 lakh limit under GST .
Then Mr A needs to registered himself under GST & What is rate for GST ?

Case 2) Mr A had given his hostel premises directly to student residence on rental basis. Student paid him RS 100 per day per student individually. No of student is 100. Means 1 student 100 *365 = 36500 & 36500 * 100 = 3650000. His T O will be exceeds Rs 20 lakh limit under GST . Then Mr A needs to registered himself under GST & What is rate for GST ?

Sir please explain

We are a family of Mother and Two Brothers. My Father expired in 2016 leaving behind some property for us. This property is jointly held by mother, myself and my brother. I made two HUF in 2022 one for my father's family and one for my family. In both I am the karta. My queries are
1. My Father's family HUF has been named in name of my mother say my father name was X and mother name was Y. I have named HUF as Y (HUF) and PAN card has been obtained. Will there be any issue in keeping HUF name as that of Mother's?
2. Can rental income of my Father's property be shown as income of Y(HUF)?
3. After partition of Y(HUF), can rental income be shown in my HUF i.e say Z(HUF)?
4. Do I have to get those properties transferred in name of repective HUF to show rent as HUF income or will they be deemed as HUF income, despite them being in my Father's name?

Pertaining to AY 2021-22. Relating to Salaried employee

Original return was filed in time under OLD scheme. Later after the due date a Revised Return was filed opting NEW scheme. Normally NEW SCHEME option terminates with due date for filing original return. Now Department has issued order ignoring new scheme and not allowing Standard deduction and 80C and other deductions.
Can sec154 petition be filed for this or appeal route can be attempted

We husband and wife together plan to buy a property. We already have an HUF wherein I am the karta of HUF. My queries are
1. If we jointly buy a property (without HUF being a coowner), can its rent be shown as income of HUF as it is a joint family property?
2. If I buy this property with myself, wife and my HUF all three being owners, can I show complete rental income as that of HUF?
3. If I buy this property with myself, wife and my HUF all three being owners, what issues I might face while selling this property(I have two minor daughters who are also members of my HUF).

I Have received a resubmission remark regarding STK -8 that capital caanot be zero. So while resubmitting the form STK -2, do we have to prepare a revised STK 8 or we can edit the previous STK 8 and submit it again? please reply

Religious Society not registered u/s 12A earlier has applied for provisional registration and provisionally registered in Dec2022 from AY-2023-24 to AY-2025-26.(not yet filed 10AB) and and doing charitable activities from 10-15 last years.

Society has no business and only income from donations from general public as well as community .

In case now wants to file ITR-U for last years and ITR for AY-22-23 to show income from Donation and corresponding expenditure.

Whether ITR 5 is to be used showing

1)Donation (under income from other sources) and claiming expenses u/s 57.

2)Donation (under income from business) and claiming expenses as per Income & Exp Account.

OR

3) To file ITR-7 on the basis of provisional registration received now for last years ITRs.

Your answer with explanation will be helpful.

Thanks