RAM YADAV
09 January 2025 at 12:37

Benami transaction

can i purchase property in the names of spouse and daughter from my account without violating benami trnsaction act 2016


suresh
09 January 2025 at 11:34

INVOICE VALIDATION IN GST

I HAVE ADDED SOME INVOICE FOR DEC 2024 IN GSTR-1(ONLINE)
ONE PARTICULAR INVOICE HAS BEEN SAVED TWICE. I WANT TO DELETE THAT INVOICE , I AM UNABLE TO DELETE IT. ALSO IT SHOWS (PENDING RECORDS WILL BE ADDED AFTER VALIDATION)


PREVIOUSLY I WOULD EDIT AND MAKE CORRECTIONS NOW I AM UNABLE TO EDIT

KINDLY ADVICE

THANKS AND REGARDS
SURESH R


Venkateshwarlu Pulluri

Sir/s,
e invoice raised by assessee but forgot issue waybill for some supplies, is it mandatory to issue e waybill


prabhakar nath Sharma
09 January 2025 at 11:06

Capital gain taxes regard

In capital gain account only capital gain to be deposited or entire amount in sale deed to be deposited ...can I re pay home loan capital amount from sale of property amount and will it be treated as re investment of capital gains ..I need some clarification ...1. is opening of capital gain account for property compulsary . 2 I purchased plot in Pune in 2010 for 1.2 lakh , how much is capital gain if sold now for 23.lakhs approximate ..3 I purchased flat in Pune in 2011 for 16.38 lakhs , if sold now for 30 lakhs now , how much will be capital gain .4 till what time it has to be re invested ..if not till that time how much tax to be paid .


CA AJAY KUMAR AGRAWAL

Dear friends,

We are a domestic Pvt Ltd company engaged in Manufacturing. We already have a (wholly owned subsidiary) domestic Pvt Ltd company. We are going to set up a new (wholly owned subsidiary) company in Dubai for manufacturing similar product, as produced in India. During next year the same will be operational.

I seek your valuable opinions on preparation of FS for FY 25-26 / applicability of Ind AS. Whether: -
1. Ind AS will be applicable.
2. It will be applicable on single or Group companies.
3. Do we have to prepare 2 sets of FS (one as per AS & other as per Ind AS)?

Thanks in advance.


Thimmaraju Venkataramappa
09 January 2025 at 16:31

TDS Payment Single Payment

I would like to seek your advice on consolidating TDS payments for both a contract and a professional service into a single payment. The total TDS amount is ₹20,000 (₹10,000 for a contract individual and ₹10,000 for a professional individual). Could you please guide me on the process for making a single TDS payment, and let me know if there are any issues or compliance considerations with combining these payments?

Thank you for your assistance.


LIMPA CHAKRABORTY
09 January 2025 at 10:19

STANDARD DEDUCTION FOR THE A.Y. 2025-26

Kindly let me know whether the standard deduction under the old tax regime is Rs.50000/= and under the new tax regime is Rs. 75000/= for the assessment year 2025-26. Excuse me for the trouble caused. Regards


Srimannarayana
09 January 2025 at 08:39

Xerox mechine AMC ITC available

Dear sir as we are Agriculture Research Institute and we provide scientific research sevices we have AMC for 9 Xerox machines can we take ITC


Mandeep sehrawat
08 January 2025 at 23:06

Tax on transfer of ctc car

I got a ctc car worth 20 lakh from my company. The amount was actualky given on loan to me @8%. The cost towards the same was deducted from my CTC every month fir last three years. Now the residual value of car is 4 Lakh. (And I am told by my company that fair market value is 6 lakh). They say that of I buy the car now, I have to pay the residual value (4 lakh) and 30% of balance 2 lakh as tax. However, if the car is directly sold to a third person, this 30% will not need to be paid. I am confused. Request advice


Yasir

A sister wants to transfer amount rs 15 lac to her minor brother for study
Is there any problem in income tax or not





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