anuj kumar khaitan

A proprietorship firm wants to convert to a Partnership Firm having proprietor as partner and 2 other parnters.
What are the Tax Implications in Income Tax w.r.t the same.The proprietorship firm is also having b/f business losses. Can the same be carried forward?


Suresh S. Tejwani
05 November 2025 at 14:06

REGARDING POLICY TAXABILITY

If TDS is deducted u/s 194DA on maturity of proceeds of life insurance policy, then such income is exempt or taxable?


Rajkumar Gutti
05 November 2025 at 12:27

Tds to Pujari payment

We are a business organization. We paid Rs. 12000/- Monthly to pujari ( priest ) for Abhishek on daily basis👌to lord shiva Temple 👍. This expenses we debited to donation👍 account ( not included deduction in P&L account / i. e. Add back to profit👍.

Can we are liable to deduct tds? If yes under whic section.


Shantanu Bose
05 November 2025 at 11:33

Updated return filing

Dear Sir/Madam,
I've the following queries,please assist me if possible,
My mother (senior citizen) didn't file ITR for AY 21-22,gross total income was 4,75,000, Rs. 4700 tds deducted (other income source).
My question is,
Can she file condonation of delay to file updated return without penalty and interest for tds credit now if granted or time limit to file condonation is over ?

Thanks


Divyesh Ajmera

If TDS is deducted u/s 194DA on maturity of proceeds of life insurance policy, then such income is exempt or taxable?


Suresh S. Tejwani
05 November 2025 at 11:02

Regarding the form 71

If sales were recorded in F.Y. 2023-24 but the related TDS credit appears in the F.Y. 2024-25, is Form 71 applicable?


Suresh S. Tejwani
04 November 2025 at 15:49

Regarding Partner Remuneration

Can a Partner Claim any kind of expenses against Remuneration Received by him from the Firm?


somaj sagolsem singh
03 November 2025 at 10:07

Itr not filed and intimation for demand

Sir,
A dramatic union get Rs 500000/ from Ministry of culture on f. y . 2012. For this granted amount from ministry, I already submitted utilization certificate to the ministry but I did not file itr for that A.Y. 2012-13. Income tax Department sent a intimation letter to me for a demand. My question is what I do now? what is the best way for me?


Sachin Kumar
01 November 2025 at 18:50

ITR not processed for A.Y. 2025–26

I filed my ITR-3 for A.Y. 2025–26 on 01-Sep-2025, and it was successfully e-verified on the same day. However, the return is still not processed till date, so I have raised a grievance with CPC.


Giriga Kavungal
01 November 2025 at 11:51

12AA registration

I need a declaration u/s.13(3) format for renewal of registration U/s.12AA of the IT Act, 1961





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