Dear Experts,

If a commercial property (currently in name of individual) , 50% ownership of the same is transferred to his wife as gift without any consideration, will it be taxable in hands of wife or husband? Required stamp duty on registration of the gift deed will be duly paid

Please advice

Regards,

We received a notice regarding Discrepancies in the FY 2017-18 returns. The department has raised a demand for tax for the returns filed in the 1st quarter of 2017-18. reconciling the same we found that the order is correct and liable to be paid. However, the reply was not submitted by the due date and we are yet to pay the tax. My query is how do I pay it off now that the due date has passed?

How to download Intimation of right issue announcement by any company
Like APL Apollo Tubes Ltd.

i have taken input claim for car purchased in feb 2018.i have got notice in june 2023 asking for penalty almost double the input claimed. i have not got any notice earlier . my auditor has also not informed in any financial years about this.how can i get waiver off.
kindly help

I have, by mistake entered amount under "Inwards Supplies from ISD" instead of mentioning it in "Inwards supplies liable to reverse charge" in GSTR 3B's Eligible ITC section during APRIL 23. How do I rectify that in August 23 GSTR3B?

sir
I have a question related above subject.
An educational institution covered under section 10(23C) (iii ad) has FDR in bank account and during the year he earned interest on such FDR and TDS is also deducted on it.
1. my question is whether we have to report interest on FDR in other source head or in SCHEDULE IE-4 "INCOME AND EXPENDITURE STATEMENT (applicable for assessees claiming exemption under section 10 (23C) (iii ad)?
Please reply me and oblige.
Thanks

WHETHER THE THERSHOLD LIMIT FOR RENT ON IMMOVABLE PROPERTY OF 2,40,000/- IS PER PARTY?
IF SUCH RENT EXPENSE EXCEEDS THERESHOLD LIMIT OF 2,40,000/- IN ANY PERTICULAR FINANCIAL YEAR BUT TO 2-3 PARTIES TDS WOULD BE APPLICABLE ON SUCH EXPENSE?

Repayment of loan includes interest accrued on such loan is deductible from accumulation of income u/s 11(2) of the IT Act

Auditor mentioning on balance sheet 'as per our report'. few auditors mention 'as per my report:. what is the difference in this ? as per my knowledge if CA is practicing in firm name it will be our report & if he practicing in individual capacity & not applied for firm name then he is mentioning my report.

Is this correct?

Sir, I have file my return of income tax after due date. My query is that
1) Can I file revised return even though i filed after due date?
2) Can I change ITR in revise return?
Kindly clear my doubt. thanking you.