Partner’s Remuneration

In a partnership Firm Partners remuneration was quantified in partnership Deed, but yearly remuneration was finalised on the basis of partner's performance in that year, which will be less than remuneration as per Partnership deed and remuneration is different for all partners. whether it is acceptable in income tax U/s 40(b). If not provide case laws .

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  in Scrutiny reaction of AO on non deposit of tax

Tax deducted on sale of property,  but not deposited in government treasury by Assessee, now  case was selected in Scrutiny. How AO will get this information and how he will react on this.

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  ADDITIONAL INT. @ 3% U/S 244A(1A)

Kindly clarify whether for the entitlement of awarding 3% additional interest under section 244A(1A) in a case existence of passed finally appeal or revision order effect of which is involved must be of the same assessee and for the same asst. yr. Can it not be given in other similar facts of the case under section 158A(5) ?

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  Professionals taxation

sir, Whether A Professional Can Report Income Less Than 50% Of Gross Receipts In Their Income-Tax Return If They Maintain Proper Books Of Account And Without Tax Audit Report

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  54F

A  has  made payments for a flat during the year under ref ; but agreement was made more than 2 years before the said year; can A claim exemption u/s  54F ? any case law ?

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  is Section 56(2)(x) applicable in this moot problem ?

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  cost of penny stock

LTCG declared under ids 2016 but its cost was not disclosed being a payment from disclosed bank a/c can ao issue notice u/s 148 for taxing cost of penny stock ? any case law ?

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  A SOLD HIS RESIDENTIAL HOUSE FOR 40 LACS ON JAN 2025. COST OF ACQUISITION 13LAC ON AUG 2011 AND A PURCHASE NEW HOUSE WITH THE NAME OF HIS SON AND SPOUSE FOR RS 45 LAC. PLEASE INFORM IS EXEMPTION U/S 54 OF THE INCOME TAX ACT APPLICABLE TO HIM OR NOT

IS EXEMPTION U/S 54 APPLICABLE IF NEW HOUSE PURCHASE IN THE NAME OF SPOUSE AND SON?

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  168A

1] if more than 1 executors are there, what will be rate of tax MMR or slab ? 2[ case law ?  

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  Income tax about TDS credit

In a case where the TDS credit is reflected in Form 26AS but the corresponding TDS amount has not been accounted for in the books of accounts in the current year and is instead accounted for in the next year, let's understand this with an example: The TDS credit is claimed in FY 2020-21 while filing the income tax return, and the same credit is reflected in Form 26AS for FY 2020-21. However, the TDS is recorded in the books only in FY 2021-22. The question is: In which year is it legally and logically correct to claim the TDS…

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