Respected Team, A charitable having regn u/s 12AB filed return for A Y 2024-25 in which to query in General Information whether the provisions of section 13(10) are applicable , wrongly ticked the box yes thereby resulting in tax demand u/s 143(1) from CPC . The provisions of sec 13(10) are not applicable and is a clerical mistake. How to rectify the same. time limit for filing revised return is also over. whether the trust can petition to CIT(E) or to Board Kindly advise.
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Chronology # Date Event 0 09-Aug-2018 trust constituted; 27-Nov-2018 Form 10A filed; 28-May-2019 — 12AA registration granted, effective AY 2019-20, with salient objects recorded as Education and Relief of the Poor / Advancement of any other object of general public utility — the trust's first income-tax registration. 1 04-May-2020 Trust files original application for 80G recognition. 2 Compliance date set for 16-Feb-2021; not met CIT(E) issues a detailed questionnaire, sets a compliance date. Trust does not respond by that date. On 27-Mar-2021, the application is rejected purely for non-response — the order records no finding on genuineness, objects, or eligibility;…
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Limitation for passing order by AO in response to Order u/s 250 by CIT(A). The Ld. CIT(A) passed the order in Penalty Appeal u/s 271B with the direction to the AO to give another opportunity for Personal Hearing through VC and decide the issue on merits on 24.12.2024. The Ld. AO passed the Order after providing opportunity of PH through VC on 30.06.2026 i.e. after the lapse of one and a half years. Query: Whether the order passed by the Ld. AO is barred by limitation?
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If karta of HUF expires and only one co-parcener, son, survives, what can be done by the surviving co-parcener [son]? There is also HUF of son. can HUF continue to exist? what are the Income tax implications? TIA
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Respected team, A charitable trust administered by the High Court, enjoying regn u/s 12AB . for A.Y 2024-25, the accountant while filing ITR , due to clerical mistake ticked yes to the query as to the applicability of section 13(10) because of which demand raised by CPC u/s 143(1) taking the entire receipts as income. due date for filing revised return also expired, what is the remedy . CPC does not permit the option of data correction u/s 154 whether CIT (E) or Board can allow rectification
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STCG on sale of gold etf under which rule 111A or 115 AD
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I have taken house on rent from a NRI landlord. I am paying rent into his NRO account in India. I pay from my savings bank account. Total rent is 45k per month. I have deducted tds @31.2% before paying the rent and will file 27Q tds quarterly return. Do I need to file form 15CA also before making the payment to landlord's NRO account? Please guide me.
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A co operative society running PDS as per TN govt regulations.Claimed education u/s 80P(2)(a)(iii) as marketing of agri produce. AO denied saying it is consumer society. TN govt is a member along with 73 society and 1000 + individual members. Any citation other than ITAT chennai will be useful
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If a law student of Semester V renders para legal services such as legal drafting and research etc. as a freelancer to a lawyer, whether such student is eligible for benefit under Section 44ADA. The lawyer makes online payments to him with 10% TDS.
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charitable trust – wrong filing due to incorrect data applicability