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Hello experts for an AOP which is a residential welfare association what do u mean by MMR. SHares are not determinable and hence MMR is applicable. Does MMR include surcharge also at the highest rate or does the surcharge remains as per the slabs. Income of AOP is 42 lakhs for FY 2021-22 Can u someone let me know what is the tax rate including surcharge(if any) for the above income. Above income is the interest income and other source income for the AOP. If possible quote the section so that we can advise the client along with the provision…
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The deduction claimed was wrong and 148 notice issued for income escaping assessment. When the wrong deduction now rectified and showing the correct income in ITR filed u/s 148, which return will be considered by the ITO.
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the assessee had applied for recognition as eligible business in December 2024 but is yet to obtain the recognition. IS there a possibility for the assessee to file a return and claim exemption under the section notwithstanding the fact that the recognition is yet to be obtained
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Attached is a draft of Deed of Release and Reconstitution of HUF. The HUF has a Karta, a Member (wife) and 2 coparceners, one a married daughter and other unmarried son. We intend to reconstitute the constitution of HUF. The Member ( wife ) and one coparcener (married daughter) will be leaving / exiting the HUF voluntarily and then the Karta and unmarried son will continue with the HUF in same name. There is no transfer of assets involved. What will be stamp duty payable in Maharashtra and under which Act or Govt Orders. It will be nice if exact…
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I have taken a land from Cuttack development authority for 99 years lease now the income tax department asking why 194 i will not be applied. kindly justify the same
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My case is I have given for JDA and got six Flats in return. Occupancy Certificate issued in this FY. I have sold two flats in this FY and want to retain 4 Flats and claim deferment of Tax for retained Flats.
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Sir, A gst registered medicines retail dealer tax rate 12 percent tax rate decrease 5 percentage from 22-09-25 Question; Dealer tax rate difference benefits itc reverse compulsory.
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While the Re-assessment proceedings based on the finding in a third party search holding the fact of cash transaction itself pending in appeal which remains subjudice, whether such Penalty to be levied without waiting for decison in the appeals against re-asst proceedings.
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AOP TAXATION