My son has received Rs10 Lac from Fund Raiser Website of MILAAP and 8 Lac directly from well Wishers in son's saving account.
1.is there provision to apply IT Authority for exemption on donations received from above said 2 sources for cancer treatment. Power to IT authority under which section.?
2. Anyway to save income tax?

Sir,

I want to know the TDS Applicability on Professional Service in the following cases.

I made an Advance Payment against Performa invoice of Rs. 100000 during the FY 2020-21. TDS Deducted and Paid was Rs. 7500 (100000@7.5%). But I have Received Original Invoices during the Current Financial Year 2021-22 at Rs. 150000. What Amount od TDS to be deducted and paid during the Current financial year. Whether Rs. 5000 (150000-100000 =50000@10%) or Rs. 7500 (150000@10%=15000 Minus Advance TDS of Rs. 7500.
Please clarify...

Respected Sir/Madam,
We had erroneously paid excess interest of 7000/- in TDS challan. We are also liable to pay Late filing fee on TDS return, Can we adjust excess interest amount paid against the Late filing fee payable?
Please help

Sir,
My client was having saving bank accounts in Three banks before proceeding abroad and subsequently he became an NRI status. Now after that he wants to retain only one NRO a/c in India and for that he wants to shift his Others SB accounts fund balances into that NRO a/c and thereafter close his normal saving bank a/c.,. As he does want to maintain only one NRO bank accounts and wants to close other saving bank accounts. Can he do that .. Is there any restriction for doing that activity .
Please guide.

As we r exporting goods under lut and doing zero rated supplies and we are receiving duty drawback too , so can we are eligible for itc refund .pls guide

Can huf gift to it's members? What will be the tax liability and impact will be whom?

A trust was created for charitable purposes, but it was not granted recognition under section 12. So it is an unregistered Trust for income tax purposes and is filing ITR 5 as AOP. Now the trustees are deciding to dissolve/ cancel the trust, as the trust is no longer able to carry on any activities / objectives as per trust deed and its funds are exhausted. Please advise what formalities it has to observe for dissolution?
1. Do the trustees have to pass a resolution for dissolution/ cancellation of Trust?
Is such resolution to be also submitted and registered with Registrar of Trusts like an amendment of Trust Deed?
2. Any documents/ resolution to be submitted to ITO/ NSDL along with surrender of PAN card?
Is the bank account to be closed? The trust has more liabilities than bank balance and its assets. So after paying off creditors, bank balance will be NIL.

For loan loan disbursement, section 281 declaration for all the properties is required, does it has to be issued by jurisdictional AO or is there any format for it? If yes, then please share it with me.

Thanks in Advance.

Dear sir/madam,

We would file an appeal against the order passed u/s 153C.

But thing is that this order contains the mistake and eligible for rectification also.

The question is that, if we file rectification application first and the same application is rejected in the sense, are we eligible to file appeal case where we have asked to rectify.?

Or
Appeal should be filed against the rejection order of rectification?

Is time period is not considered for time spent between filing rectification application.

Thank you in advance

We are in the business of shipping where we acquire old barges and sublet to other companies on rent. Further, repairing and maintenance of barges are borne by us (in which we use iron bars, pipe tubes, aluminum, other metals, LED lights, etc. Such expenses are nearly 10% of the total rents we received.) Can we claim ITC on the items used for repairing of the barges?