Deemed Dividend u/s 2(22)(e) covers
Payment of any sum (whether representing a part of the assets of the company or otherwise) by way of advance or
loan to a shareholder (and payment to concerns in which such share holder holds substantial interest);
My question is whether the above clause will be applicable if Pvt Ltd Company advances or gives loan to LLP and in both concerns directors held more than 10% shares and voting power ?

Deductee PAN was inoperative in FY 23-24
TDS default notices were received asking to pay 20% TDS and demand has been raised for difference
Deductee PAN is operative from 6th August, 2024 and linked to Aadhar

Whether in this case short payment is payable ?

Dear Sir,

One of our employees deposited ₹250,000 in the post office as NSC in June 2019, with a maturity date in June 2024.

The interest for the NSC was not reflected in his AIS until FY 2022-23, even though he filed his ITR for that year. In FY 2023-24, only the interest for FY 2023-24 was reflected. Based on this, please clarify the following:

1. Why was the interest for the first three years not reflected in the AIS? Is there a possibility that it was tax-exempt, or was there another reason? Please note that he did not claim any Section 80C exemption for interest reinvestment in previous years.

2. What will be reflected in the AIS for FY 2024-25? Will it include only the interest for the final year, or will it show the cumulative interest for the entire period, including the first three years and the last year?

3. If the cumulative interest for the first three years is not reflected in the next AIS, should he declare it as other income for those years?

Thank you in advance for your assistance.

How to record gift voucher given when sale exceed certain amount
1.if the voucher is claimed by us
2.if the voucher is claimed to someother company for the voucher of them

Sir/Mam,

in proprietor concern business regularly employee changes only few members regular we are not deducted PT and not paid and returns filed till now

but few employees are regular now onwards we deduct and file returns , so if we not paid PT last year what is the penalty attracts, what is the process of filing professional returns due date etc

plz kindly explain all process of Professional tax for employees

Thanking you,

Is employers contribution to gratity taxable in the hands of employee??
And also is employers contribution towards life insurance of employee is taxable in hands of employee??

Sir, I have to change Karta name in a HUF file, as the previous Karta has already expired. What is the procedure for the same ?

How can I avail 80EEA interest deduction in below scenario.
Principle: 50,000/-
Interest on Loan: 350,000/-
LIC: 150,000/-

As mentioned above Can I avail deduction as below.
80C: 150,000/- (LIC & Loan Principle)
24: 200,000/-
80EEA: 150,000/- (Remaining amount to be claim for Interest on loan)

In short I want to understand how can I use this 80EEA section deduction.

Can Capital Gains be claimed against a land acquired in a period prior to the current sale(sale of apartment), is the claim limited to only construction costs on the land post sale of apartment?

Income tax is a indirect expense or current liability.