Direct Tax Laws & International Taxation - September 2025

M/s PR Associates is an Association of Persons (AOP) has two 4 members namely Mr. P and Mr. R. Mr. P aged 46 years has 65% share and Mr. R aged 44 years has 35% share. For the financial year 2024-25, the AOP has earned income of % 11,80,000. Mr. P and Mr. R has also earned income other than income from AOP of f 2,45,000/- and & 2,97,000/- respectively. Mr. P opted to pay tax under old tax regime…

3. (a) A public charitable trust engaged in “Relief of Poor” and registered under g section 12AB, for the previous year ending 31.3.2025, derived gross - | income of % 114.50 lacs, which consists of the following : Particulars Amount in % Income from properties held by trust 1,10,00,000 Accrued Interest on FDR 4,50,000 | | [FDR was made in financial year 2022-23 for investment under section 11(5) with regard to | amount set apart in terms of Section 11(2)]…

4. (a) Examine the obligation of Tax Deduction at source/Tax Collection at source in the following cases keeping in view the provisions of the 1 Income-tax Act, applicable for Assessment Year 2025-26 : (i) Mr. A and Mrs. A jointly purchased a fully built-up and ready to 3 move flat at Lucknow on 10.12.2024 from M/s XYZ Builders Limited for Z 86 Lacs. In addition, they have paid an amount of % 4 Lacs for two car parking spaces to…

AZ Foundation, trust registered w/s 12AB, runs an educational institution. The trust is paying rent of f 30 lakhs per annum for the building occupied by it but the trust has not deducted TDS on such rent under the relevant provisions of the Income-tax Act:: The ITO TDS has issued a notice to show cause as to why, the trust should not be treated an assessee in default for the tax deductible and the interest should not be imposed for…