Sir, Assessess fees collection from patients income rs:25 lacs f.y.23-24 itr returns filed but fees collection from patients income rs:20 lacs f.y.24-25 Question: Assessee's income rs: 20 lacs itr returns filed f.y.24-25 after selecting of scrutiny provision mandatory applicable f.y.24-25 for it purpose
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Sir, A Doctor cash on hand balance physical verification match to account Book records difference rs:8 lacs amount show f.y.24-25 as on dt:28-02-25 Question: Assessess difference cash amount rs:8 lacs unexplained cash adjusted procedure f.y.24-25
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It person purchase of agriculture land rs:15 lacs year 2023 and selling of agriculture land rs:18 lacs to Name Mr.A dt:10-12-24 after another date dt:20-01-25 same agriculture land same per name Mr.A purchase of agriculture land rs:19 lacs Question: Assessess above transaction purchase and sales capital gain tax applicable for it act
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An assessee bought a rural agricultural land in 2011-12 as it is a rural agricultural land it does not classify as a capital asset, As on today's date i.e. 19/03/2025 rural agricultural land only. Suppose he converts the land to a residential land on 01/04/2025 (It will classify as a capital asset) and sell the whole set of Residential land in 2025-26 only. Query: What would be the period of holding, would it classify as LTCG or STCG? (As the assessee is not in the business of Real Estate or developing or selling of land and not having any more…
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0X OR IS THERE ANY WAY TO COME OUT OF IT IF A TRUST RECEIVED DONATION PRIOR TO RECEIVING REGISTRATION U/S 80G AND 12 A . HIS TOTAL RECEIPT WAS THUS 724600, MADE EXPENDITURE EXCEPT RS 10640/ IN CHARITABLE PURPOSES WILL IT ATTRACT NECESSARILY 56(2)(x)
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Sir, It assessess cash Gift to grandson rs:1 crore amount through on bank channel mode dt:10-01-25 Assessess source of income fds cancel after gift money amount paid to grandson but assessess capital account balance rs:50 lacs show in balance sheet Question: Assessess gift transaction taxable or exempt and different amount rs:50 lacs sec 68 provision applicable for it act.
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AN INTERMEDIARY CREATE A WEBSITE FOR DOCTORS AND PATIENTS WHO CAN REGISTER ON IT FOR ONLINE CONSULTATION. THE FEES FROM PATIENTS COLLECTED BY THIS INTERMEDIARY AND DISTRIBUTE IT TO DOCTORS. THE INTERMEDIARY GET CERTAIN PERCENTAGE OF COMMISSION ON SUCH FEES. PLEASE ADVISE THE GST IMPLICATION AND TYPE OF REGISTRATION REQUIRED
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For FY 23-24 - Turnover Rs 1.50 Cr. Showed 15% Profit. Filed ITR 4. In FY 24-25 - Turnover Rs 90 Lakh. Ready To Prepare PL And BS Fully And File ITR 3 With Full Disclosure. Profit 15%. Should The Client Do Audit In FY 24-25?
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Dear Experts, An assessee did not reply to any notices issued in the course of assessment proceedings under section 147, so the order was passed ex parte under section 147 read with section 144. Whether all the evidences the assessee shall attach in Form 35 for appeal before CIT (A) shall be regarded as additional evidence as the assessee did not submit any evidence during assessment proceedings ? Whether an application for admission of additional evidence in terms of Rule 46 A is required in case of Appeal before CIT(A) against order under section 147 read with section 144?
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Dear sir This is to inquire about the article I submitted titled, "Transactional net margin method- bridging theory and practice" by Disha Deopura with ITATOnline. The submission was made after complying with all the guidelines. However, I am unable to check whether it is published yet. I would obliged if you could look into the matter at earliest perusal. Thank you
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Select of scrutiny provision applicable f.y.24-25