Return for the A.Y 2022 23 file before due date and process under 143(1) and after that notice under section 143(2) issue. Now we have realised that some mistake have been made in return. Now can I file the revise return and what is the time limit for that.
Can we file the revise return before filing the reply to income tax against notice

Scenario:
1) Father or mother gifts by cash over Rs.50000/- to daughter;
2) Daughter gifts by cash over Rs.50000/- to father or mother.
3) Father gifts by cash (less than Rs.50000/- to daughter and
4) Daughter gifts cash (less than Rs.50000/- to father.
Queries:
a) will the gift be treated as the income of the recipient and taxed or
b) will the donar taxed? or
c) income arising out of the gift will only be taxed in the hands of the donee.
d) Is there a limit to the amount of gift?
e) whether documents (gift deed)to be prepared ?
f) Even if the gifted amount is less thanRs.50000/ should gift deed be prepared?
Please educate with detailed answer for all the queries. I shall thank you in advance.
vsraj

While filing of ITR-U for AY 21-22, I have taken the income as displayed in Form 26AS in my ITR but I dont want to claim the TDS deducted as refunds are not allowed while filing ITR-U. However I have paid the late fee as applicable u/s 234F of Rs. 1000. I have a TDS credit of Rs. 1700 , but i dont want to claim the credit, however I have declared the corresponding income in my ITR. Will it be the correct way to file the ITR or there may be an issue while processing the ITR-U?

Sir,
It assessess some amount advance tax challan payment f.y.23-24.
Question:
Challan payment procedure any changes

CAN A COMPANY DECLARE DIVIDEND FROM THE FREE RESERVES RECEIVED ON PART OF DEMERGER EVENT AND WITHIN 1 MONTH OF BUYBACK OF SHARES IN PRIVATE LIMITED COMPANY.

Can we claim Input tax Credit on Differential Premium AND STANDARD TRANSFER FEES FOR MIDC plot transfers to third party under GST.

Please advise me

how to calculate capital gain of split of shares.

while calculating capital gain , Whether Value of Bonus share should be taken as Zero.

Any member who has cast his vote through remote e-voting, also attends the general meeting, then will he be counted for the purpose of quorum ?

Hi ,

Where to show details of Long Term Capital Gain on Sale / Redemption of Corporate Bonds
issued by Domestic Indian Company

Bonds are listed on exchange