Sir, i want to know the rate of surcharge applicable for AOP, whose all members have income above taxable limits and shares of the beneficiaries are determinate. The Taxable Income of the AOP is less than Rs 5 Crores for the AY 2022-23. All the members of AOP are Partnership Firms, their shares are determinate and all are having Income above the taxable limits. My Question is whether the applicable Surcharge will be 25% or 37% ?
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Dear Sir, After Supreme Court judgment of Union of India vs. Ashish Aggarwal 439 ITR 1, assessee received notice u/s 148A(b), assessee filed reply and received order u/s 148A(d) alongwith notice u/s 148 for A.Y. 2013-14 on 22.07.2022. In the notice received u/s 148, four reasons were mentioned but none of them is ticked. As the notice does not specify the cause / reason in the notice, whether notice is valid or not. Copy of the notice is attached. Please clarify. Thanking You, Yours Sincerely, CA S.K. Goyal A.R.
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Assessee is pvt limited co engaged in business of manufacturing of engaged goods. Had supplied to a customer X . Search u/Sec. 132 carried out at X . During search digital in form of excel sheet was found n seized. On the basis of certain noting , CFO of X has agreed n given statement that X has pratice of recording 30% of material purchase from supplier in cash and not recorded in the books. On the basis of this admission CFo also stated that from assessee co X had effected transcation in cash of Rs. 3.5 Cr which is…
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In case of society redevelopment , Builder pays to society members hardship compensation, rent, corpus amount etc. Is builder liable to deduct TDS under section 194IC ? In society redevelopment agreement , if Stamp duty value is more then the the consideration receivable in kind the section 50D is attracted to society member. Similarly there would be any implication to Builder in such case under section 56(2)(10)
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Dear Sir, I am an NRI and my wife is an Indian resident. I would like to transfer money from my foreign bank account abroad to my wife's Indian bank account to purchase property in her name and for other expenses in India. In this scenario, is it just a simple transfer and nothing else needs to be done, or for my wife's Indian IT returns do I need to create any document like a gift deed for the money transfer? Also, does she need to declare this money transfer in her income tax returns? If yes, then in which…
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can AO reduce share valuation of unquoted shares sod u/s 50D vis a vi s one adopted by Assessee and deny 54F to that extent ?
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Sir, If the company pays expenses for education of the whole time director in a university, is it deductible expense? Also, is tds applicable on the same? Pl clarify
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What is the Surcharge Rate for AOP whose all members have income above taxable limits and shares of the beneficiaries are determinate