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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I HAVE ENTERED IN TO AGREEMENT TO PURCHASE THE LAND AND PAID 24 LAKH IN CASH ON 2011-12 THE SECTION 56(2)(x)(b) CONTAIN THAT ANY SUM PAID BY BANK NOT CASH AS THE AGREEMENT WAS 2011-12 BUT REGISTRY DONE IN 2021-22 AT SAME RATE BUT THE STAMP DUTY RATE WAS INCREASES DUE TO GOVERNMENT DECISION THAT MY QUESTION IS THAT THE ASSESSING OFFICER ASK ME THAT U MUST BE PAID THAT TIME AMOUNT THROUGH BANK IN FULL OR PART OTHERWISE THAT IS TREATED DIFFERENT IN INCOME FROM OTHER SOURCES WHAT I HAVE TO REPLY
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whether a proposal for sale of immovable assets by a charitable trust requires a prior approval of the Director of Exemptions even when the Act is silent about such requirements. The Trust deed contains such an obligation, which was inserted at the time of registration based on Directions given by the then CIT in the form of a rectification deed to facilitate the Registration. Is there any recent Notification to the effect that such approval is not required?
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"I am asking whether the land used for dairy farming (which is on my home premises, where my cow shelter is located) is taxable or not. I am currently paying tax on this land as house tax, and it is not away from my house—it is part of my home premises. Does this land come under house tax or agriculture tax? Also, is the land which is used for dairy farming also taxable, or is only the dairy farming capital taxable?"
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HUF Succession