A company has received invoice for 10000 usd for technical service provided by foreign company located in germany through online mode. Foreign company doesn't have PE in India.

Is tax needs to be deducted? If yes then at what rate ?

One of my client (Proprietor) is having manufacturing unit having turnover of 1.5 crores during F.Y. 2023-2024 and Business income is 5 lacs and the same is being audited under 44AD section. Also he has Commission Income of Rs. 25 lacs in addition to Income from manufacturing unit. Earlier the Commission was shown in Other income but from the current FY the same income is being assessed as Business Income as per Income tax.
GST number is same for Both the Business.

My query is that Whether I can do audit of manufacturing unit under section 44AD and Commission income to be shown in ITR as other Business income . Whether that Business income (Commission income) can be shown unaudited in the ITR as Second business Income.
Or Both the Business to be audited.
Pl guide.

can a homemaker become Karta of HUF ?

assessee has purchased a property from NRI of 6 cr & deducts a tds @ 23.92% I. e. Rs. 14352000. however Cpc calculates a tds of Rs. 15600000 & sends the assessee a short deduction notice of Rs. 12.48 lacs.
Assessee write a mail to tds cpc. where they replied that nature of remittance mentioned in statement is not covered under DTAA hence short deduction default has been raised. you are requested to pay the demand.
Is this reply correct?
we have deducted a tds as per income tax Act & not as per DTAA.
please reply

Can a widow and her son create HUF on their own and Such Female member can be karta of HUF?

Can I claim less TDS to file updated return?

If Tax = Rs.30000 and I have TDS deducted = Rs.100000 for FY 2022-2023, can I claim Rs.29000 from TDS and pay Rs.1000 as tax and file updated return? If yes, is there a way to claim the TDS next year?

Is there any case study that if order u/s 147 has been passed then such point can be reopened in the subsequent case of same assessment year in different issue?

A.Y 2021-22 RETURN FILED U/S 44AD
A.Y.2022-23 TURNOVER 2.5 CRORE AUDIT DONE U/S 44AB
A.Y.2023-24 TURNOVER 1.32 CRORE AUDIT DONE U/S 44AAB
A.Y. 2024-25 TURNOVER 76 LAKHS WANT TO FILE RETURN U/S 44AD
IS IT POSSIBLE ?? OR COMPULSORY GO FOR AUDIT U/S44AD(4)

Sir

Mr X individual constructed Commercial Warehouse on Land and Let out to Gst Registered Person and charging GST also .

Mr X wants to shown rental income as business income and wants to claim expenses and claim depreciation on constructed warehouse .Rental Income more than 1 CR. Mr X keeps Books Of Accounts .

Whether Tax audit can be done in this case.

Thanks.

so if i have 2 buyers and 2 sellers and property purchased = 70lac

total sale value consideration would be 70lac(irrescpective of joint buyers and joint sellers)

and total stamp duty value and total amount paid/credited = would be 17.5 since 4 forms and lumpsum


dont i have to divide total sale value consideration by 2 ie 35lac for each buyer since each buyer will go for 2 26qb and putting 70 lac will increase the value of property in sellers 26as??