Two sisters and one brother got their share of assets after death of their father. Now one sister "A" thinking to gift one of her property to her sister "B" 's son "C".
1.Age of the donour sister is 55.
2.Her husband's age 60.
3.Her children (Son & Daughter) are all major and married.
4.Her sister's son major 35 years old , not married.
5.All are in good relationship and no dispute to this gift procedure.
Now what is the formalities and procedure to follow please?
1.Just Gift deed from one person "A" to "C" is sufficient?
2.All the major mebers of "A" 's signature required? {Son & Doughter -in Law,Daughter & Son-in-Law}

Can a person claim HRA deduction as well as Deduction on Interest on Home Loan under section 24(b) simultaneously ? Why is Income Tax Site not permitting to enter both fields together while filing ITR ?

PLEASE GUIDE ME TAX COMPLIANCE FOR PETROL PUMP ACCOUNTING ( IN UTTARAKHAND)
1- WHEN WE SALE PETROL,DIESEL,LUB TO CUSTOMER (B TO C) , WE WILL CHANGE VAT ON BILL?
2-HOW MUCH MARGIN WE CAN TAKE ON PURCHASE COST OF PETROL,DIESEL ?
3-WHAT IS VAT RATE WHEN WE SALE PETROL,DIESEL WITHIN UTTARAKHAND OR INTERSTATE SALE
4- WHAT IS LEGAL COMPLIANCE ON FREIGHT ON PETROL ,DIESEL ?
5- WHAT IS LEGAL COMPLIANCE ON COMMISSION ON PETROL,DIESEL SALE IF ANY ?
6-WHAT IS LEGAL COMPLIANCE UNDER VAT AND GST FOR PETROL PUMP OWNER ?

Pan mismatch occurred due to a wrong entry in the TDS return in Form No.24_Q3 for the current F.Y. 2022-23. In lieu of the actual PAN “AGHPP6795Q” (age is 53 years) wrongly entered PAN as “AGHPD6795Q” for the 3rd QLY TDS salary return but NO default was made (statement status in TRACE shows Processed without default) and only red color was there on the PAN in the consolated file. On correction PAN and at the time of validation through FVU 8.0 MESSAGE comes "Count of section 194P statement records must be provided only for Form 24Q, financial year 202122 Quarter 4 Onwards”. She has only a salary and interest income. Kindly let me know how to overcome the default.

GSTN has been cancelled suomoto before 10 days by the department for not filling GST return and when i try to file the pending GST Return but GST portan not allowing and not going ahed.

So my question what to do ?

and what is the procedure for revocation cancelled GSTN

kindly provide the information

Thanks

while filing up form the moment data for "company is maintaining books of accounts in electronic form is" is entered form is corrupted with message " unable to find suitable font for ISO-8859-8 encoding." Please guide

Hi,

I am purchasing a property above 50 lakhs for which I am required to deduct 1% TDS. One token payment is made in Jan 2023 with next two payments made in Feb 2023 on different dates. Can I file one Form 26 QB for entire amount or Do I need to file total 3 Form 26 QBs one for each payment?

I have LTCG for Current Year (Sale of Property) and also have BFL & CY Losses (Sale of Debt Funds) i.e Short Term Loss & Long Term Loss which are adjusted from above CY LTCG.

Also i have LTCG for previous year.
After adjusting CY STCG (Loss) & LTCG (Loss) there is balance in CY LTCG which will be charged @ 20%.

I just want to confirm whether Previous yrs LTCG is to be deducted from CY LTCG or from total head wise income.?

Say my CY LTCG after adjusting STCL & LTCL is Rs 5000/- & Other Income is Rs 10,000/- and my Previous yrs LTCL is Rs 2000/-. From where Rs 2000/- can be adjusted. Either from 5000 or from 10,000/-

Sir

Mr A is running health club(Herbalife).He make members and charge monthly fee for shake/food suppliment.

Two Modes are provided to serve the member:

1.Member may visit to club and consume shake/diet at club itself.

2.Member may provide home address where ingredients are delivered for shake/food suppliment.

Club is charging GST @18% from members and claiming ITC on inputs on both of above.

A-Do the club following correct rates and ITC as per GST ?

B-Can club be treated as restaurant and should charge 5% GST without ITC ?

Thanks In Advance

Sir/mam,

Recently New pancard applied and received.

Now my doubt New pan No. link to adharcard in Incometaxsite is mandatory.

It is applicable penalty Rs. 1000/- ?

Please clarify my doubts.

Thanking you,