U/s. 12AB

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This discussion covers applying for 12AB registration for existing trusts using Form 10A on the new income tax portal. It also addresses a query about Tax Collected at Source (TCS) under Section 206CQ on foreign currency purchases, clarifying that this amount can be claimed in the Income Tax Return (ITR). Finally, it touches upon a personal situation regarding a Chartered Accountant father's health and how a non-qualified individual might manage the firm during his recovery.

Dushmanta Rana

Dushmanta Rana (Querist)

13 August 2021 for existing trust how to apply for 12 AB registration
please guide me about the procedure.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

13 August 2021 Apply in form 10A in new income tax portal after login under trust PAN.

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Dushmanta Rana

Dushmanta Rana (Querist)

22 September 2021 Thank You Sir for your guidance

Dushmanta Rana

Dushmanta Rana (Querist)

22 September 2021 Sir in Form 26AS of one of the client one TCS U/s. 206CQ done for Rs 594 could you please guid me that what is this Section for.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

22 September 2021 This is tax collection at source on foreign currency purchase.

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Dushmanta Rana

Dushmanta Rana (Querist)

22 September 2021 Sir, can I consider this TCS amount while computing the computation of the assessee ?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

22 September 2021 Yes, claim it in ITR.

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Dushmanta Rana

Dushmanta Rana (Querist)

22 September 2021 Sir, My father is an Chartered Accountant and his M.No. 051193 but suddenly on 1.09.2021 he got attacked with mild stroke and there is some clot in his brain and under this cirmstances he is not in a normal mental condition and even he forgot his signature though he is under treatment of two neuro doctor and both of them diagnosed my father and said it will take time to be normal as age is a factor and he is 75 now. Sir under this cirmstances being a non qualified how may i managed our existing Firm untill and unless the Proprietor will not get well.

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