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Dear Client,

The amount described in your query will not be treated as a genuine gift under income tax law. Any money received in consideration of not filing a complaint or suppressing information may be treated as income from other sources or unexplained income and will be taxable in the hands of Mr P as per the Income Tax Act.

Further, such a transaction may also attract serious legal consequences beyond taxation, including possible criminal implications. From a tax perspective, such receipt

Dear client,

Your tax liability will not depend on how you transfer the money, but on the legal structure of your business arrangement and how income is recorded in books under the Income Tax Act, 1961.

If a client pays you 100% of the amount in your individual name, the Income Tax Department will initially treat the entire receipt as your gross professional income. Simply transferring 50% to your friend through UPI/NEFT/cash will not automatically reduce your taxable income. The transaction m

Dear client,

In general, it is not legally advisable to include multiple, unrelated issues in a single case, unless they arise out of the same transaction or a continuous chain of facts and the court has jurisdiction over all the issues involved.

If your primary dispute is non-payment of salary, that itself is a distinct cause of action and can be raised before the appropriate forum such as the Labour Court, Industrial Tribunal, or under the Payment of Wages Act / Shops and Establishments Act,

Dear Client,
Form 16A is a certificate issued by your employer that details the Tax Deducted at Source (TDS) on your salary. It is typically provided by June 15 following the end of the financial year in which the income was earned, whereas Form 26AS is a consolidated tax statement issued by the Income Tax Department that shows the details of taxes associated with a taxpayer's PAN. If the Forms 16/16A are not issued by the employer, they may be liable to pay a penalty of Rs. 100 per day of defa

Dear Client,
As per section 17 of the Income Tax Act, taxable salary include pension. Thus, any payment including arrears made by your employer to your NPS account is a part of your taxable salary under section 17(1) of the Act. However, there is a threshold limit of Rs 7,50,000 on the overall contribution done by the employer towards NPS, PF and superannuation funds combined. Any excess amount will be taxable. Section 80CCD(2) of the I T Act allows salaried individuals to claim the following

Dear Client,
The Capital gain arises from the transfer of a long-term Residential House is exempted under Section 54 of the Income Tax Act, 1961 if, the assessee (a) purchases a residential house within one year before or two years after the date of transfer or (b) constructs one residential house within three years after the date of transfer. In case of Sale of Jointly Owned Property, each co-owner should be liable to pay tax on the capital gains arising from the sale of the property, in propo

Dear Client,
Income Tax is a branch of law or legislation that eventually comes under the arena of Chartered Accountants and Tax Consultants, who have expertise and in-depth knowledge on the subject and may guide you properly to navigate the issue effectively. Hence, it is suggested to consult with the said professionals for more information and clarification on the subject.

Dear Client,
Your query lacks information and transparency. However, be informed that the wards of the central Govt. Employees and the employees themselves are eligible for the OBC NCL certificate if they meet the following criteria: 1) The Parents' income doesn't exceed Rs.8 lakh per annum altogether. For the purpose of income, income from Salary and Agriculture should not be considered. 2) Group C and Group D employees even if their income exceeds 8 lakhs can apply for OBC NCL reservation bec

Dear Client,
When a seller is not cooperating with a TDS deduction on sale of property, it potentially affects the buyer, who is legally responsible for deducting TDS and depositing the tax with the Income Tax Authority. If the seller does not provide a PAN or their PAN is inoperative, the buyer may deduct TDS at 20% instead of the standard rate under Section 206AA of the Income Tax Act. For property transactions where the sale exceeds ₹50 lakh, the buyer must file Form 26QB and issue Form 16

Dear Client,
UPI transactions upto Rs. 50,000 are exempt from income tax. Any amount exceeding this limit, received through UPI apps or digital wallets, is treated as a gift and taxed as per the provisions applicable to income from other sources. However, if the money received is a repayment of any sum owed to you, it will not be taxed. The daily UPI transaction limit is set individually by each bank within the UPI network and varies from one bank to another. The general UPI transaction limit in