Answers On Category: Income-Tax
Mr A has not withdrawn any rupee from bank after receiving Rs 50 lacs in bank . What is his income u/s 44ADA ? Mr B has not withdrawn any rupee from bank after receiving Rs 2.9 cr in bank . What is his income u/s 44AD ?
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Is this order eligible for revision u/s 264 ? any case law ? if revision u/s 264 refused, what to do ? If rejected on merits u/s 264 what to do ?
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Sir, A Doctor (landlord) has rented out their hospital premises to another doctor (tenant), who provides healthcare services there. The tenant doctor earned ₹40 lakhs from a healthcare trust for medical services rendered, but the payment was mistakenly credited to the landlord doctor’s bank account. TDS under Section 194J was deducted, and this amount is now showing in the landlord doctor’s AIS (Annual Information Statement), linked to their PAN. The healthcare trust has stated that it cannot change the PAN or reissue the TDS certificate. For income tax compliance, how should the ₹40 lakhs be correctly transferred from the landlord…
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I am engaged in the activity of collecting pathology test samples from customers and transporting them to Golvilkar Metropolis Health Services Pvt. Ltd. for further processing. I am neither a qualified medical practitioner nor does I perform any diagnosis, analysis, or consultation. My role is limited to logistical support. I am just providing logistical or support activity in the medical field and does not make the assessee a professional under section 44ADA. Kindly provide the case law.
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Individual is engaged in Management consultancy and has opted for 44AD. Can a individual opt for 44AD rendering business consultancy and if yes or no, give a case law or notification which specifies the same.
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My father is an ex- service man, when he retired he received gratuity amount( tax free for govt employees) and he invested it in mutual fund, he also received pension only for 5-6 months, total tax payable as calculated by CA is zero. Due to health issues he could not file the ITR for that year. Now a tax demand notice ( huge sum) has come along with penalty proceedings. Only came to know after my father got call from IT department. How to solve this issue. Earlier also notices were issued but we were not aware as registered email…
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Housing Flat Building went for redevelopment in 2022. Now against this redevelopment Commercial Office space is received in 2025 as per the redevelopment agreement. Will it taxed as capital gain as new residential unit is not received against the old flat.
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Sir, A doctor (landlord) running a private hospital rent to another doctor (tenant) but tenant (doctor) service provide to patient treatment after fees amount rs:10 lacs from healthcare Care trust (sec 194jb ) amount credited by landlord (doctor) bank account and fees amount and tds deducted ais show in landlord (doctor) pan login in income tax portal Health care pan number change not accepted Question: Fees amount transfer procedure landlord to tenant for it purpose
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WHICH AUTHORITY CAN ALLOW CONDONATION OF DELAY IN FILING FORM 10CCB??? I have found no circular regarding this.
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