Respecting Sir/Madam,
is there any limit for amount transfer to others bank account Rs.2,00,000. through RTGS/NEFT/IMPS as a single payment by one agricultural person to others . is there any TAX implications and also any future problems from income tax department.

Please, gIve me proper suggestions.

CDear Experts,
I am filling GSTR 9. But I am facing an issue.
In FY 2022-23, there were some RCM Liability that I shown in GSTR 3B of FY 2023-24 and ITC on same claimed in FY 2023-24.
For Example, RCM Liability of Rs. 10000/- on Freight for the month of March 2023, has been shown in the GSTR 3B of August 2023 and ITC on the same availed in the month of August 2023.
So, please guide me how to show this in GSTR 9 and 9C for FY 2022-23.

Wish to get your valuable response.

My mother had sold the property for Rs. 10000000/- on Oct 2023 and purchase price was Rs. 1085500/-
Year of Purchase of Sold Property: 2008

So what shall be Capital Gain as per LTCG

As my father is no more so as per law property is sold on my mother and my name there we had received Rs. 50 lac on each account

We had purchased new property worth Rs. 3500000/- each of us so what shall be the tax amount i need to pay

Kindly help

I'm Amit form Mumbai i really need advise on industrial training termination (form 105) as i want to take transfer during my industrial training im not getting work as per my job description and team enviroment is also negative , My principal told me take transfer if you want but i came to know that transfer is possible on 2 grounds. (1) on Death of pricipal. (2) on Resignation of principal. so what is the solution here as i and my principal also agree for my transfer as well as i have an opportunity from a company for remaining training period ,please respond me as im in urgency if anyone have any idea

When a purchase is recorded in software, a JV is posted to the respective ledgers. Debiting the inventory & VAT, Crediting the supplier. Should i need to debit purchase account also?. If so, what will be the journal entry?

Accounting group of suspense account under scheduled III
and also
Round of accounting group under scheduled III

My client received SCN for 1% cash payment for discharge of output tax liability. But they paid income tax around 7 lacs for the past three years and also claiming Refunds both Exports and Inverted duty structure. As per the rule 86B, the cash payment 1% applicable or not applicable.

Please clarify

I am having income under the head salary and fall under 30% tax slab. I have done SIP which i want to sell, the profit that I'll book will be charged to tax as per my tax slab or 10% for LTCG and 15% for STCG

There is a change in my surname and the same has been updated in PAN but im unable to update in ARCA login, can you let me know how I Can update my name in ARCA login.

I request all the experts to provide their valuable feedback on the following issue:

Whether compensation received through acquisition of land by government (Direct purchase through agreement) is taxable or exempt from Capital Gain. When land acquisition is done through Land Acquisition Act, 2013 (Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013) then there will be no capital gain. There is no ambiguity in this case. But when land is not acquired under this law but through direct agreement then what will be the taxability.