During 3rd Qtr of FY 23-24 we had deducted TDS from a contractor. At that time contractor had not linked his PAN with Aadhar, as such differential TDS (higher rate TDS due to non-linkage) is showing on my Income Tax portal. Presently contractor has linked PAN with Aadhar.
Please suggest what action is to be taken by us in order to remove differential TDS being shown on portal. Will it work if Revised TDS for 3rd Qtr is submitted?

Hi there,

in FY 23-24, I sold a property and I had a capital gain. For reinvestment of capital gain, I invested 50 Lakhs in bonds ( Section 54EC) and I bought a flat which is under construction. I have paid 80% of Flat purchase price. My question is: when I file my income tax return, Can I show 100% of flat price or i am allowed to show only 80%? If I am allowed to show only 80%, should I be transferring the remaining capital gain to Capital gain saving account? ( which is approximately 20% of remaining flat price)?

Thank you!

Keshav

I have made payments of house hold exps approx Rs. 9,00,000/- in FY 2023-24 through UPI Linked PNB Rupay Credit Card at various Shops/Showrooms/Malls etc. at different UPI Scanners. My credit Limit is Rs. 50,000/- per month. In previous FY 2022-23, I have filed an ITR of Rs. 6,50,000/- of Gross Total Income. Will I receive any Income tax notice for using credit card? Give your expert advice?

I have two trust. Can I give loan to another trust with interest free loan???

What will be it's tax treatment in both the trust

Kindly reply

If an assessee has paid for mediclaim premium of his father, however the father is the policyholder, insured and proposer of the policy, can the assessee take deduction for the same on the basis of mere payment of father's mediclaim premium or will the father here be eligible to take deduction.

Dear Sir,

Rina 30 female has equity short term capital gain for 4 Lakh and 20K
other income for FY 2023-24 then she have to deposit INR 60000 tax to govt on special rate @15% or there will be zero under new tax regime kindly help
thanking you!
krishna

How can I know, Knowledge Regarding share
ASBA purchase value of per share
Merger / Demerger / with Calculation procedure

Sir, While filing 24Q in RPU version 5.1, in annexure II details, I have mentioned in 16iii, professional tax amt 2500 and in 16ia standard deduction 50000. While clicking the 115BAC as 'NO' automatically the professional tax paid mentioned in 16iii disappears. Number of times, I have entered but the same thing happened. I do not know the exact reason. Kindly help me in this regard

Sir,
It assessess maintained three business single proprietor
Question:
Assessess preparation finical statements balance sheet and profit and loss each one seperately or consolidated.

Hello there,
My question is I redeem some Mutual funds (say 100000/-) where STT is not paid . According the provition of 111A Tax cannot be levy @ 15 % (STCG) . its Taxable on Slab Rate.
am I right ?
In Itr page of capital gain should I shown it