This Query has 3 replies
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.
This Query has 1 replies
Sir,
It assessess maintained a private hospital tax audit itr filed.purchases medical equipment rs:50 lacs credit on EMI based.
Question:
Assessess clause 15/45 days provision and sec 43 b(h) provision applicable for hospital
This Query has 1 replies
unabsorbed depreciation current assets or current liabilities
This Query has 1 replies
The assessee has received receipts in foreign in currency for export of services. is there any deductions under section 80 for such export services to foreign currency.
This Query has 5 replies
Land purchased / buildg constructed during 1989 at CHENNAI. Now under JD with Builder in APRIL 2024 50/50 ratio - 3 flats will be for owner & 3 flats will be sold by Builder - possession approx by AUG 2025. How to calculate LCGT for the land owner, when this is due FY24-25 OR 25-26
This Query has 1 replies
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?
This Query has 1 replies
Dear Sirs,
Please advise.
Which amount to be taken for interest under 234B and 234C calculation :
1. Tax due
2. Tax due + Cess + Surcharge ?
Is there any penalty or interest on non-payment of Cess and Surcharge calculated on the Tax due on or before 31/03/2024 ?
This Query has 1 replies
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
This Query has 1 replies
Whether it can be possible to claim waiver of interest charged by Income Tax Department on tax due
This Query has 1 replies
Dear Sir,
If purchase a property-Leasehold Land of Rs. 2,00,00,000/-
Allotment Order Date- 10/02/2024
Payment Date 15/03/2024
Possession Order Date- 28/03/2024
Then which is the last date for TDS payment and filing of form 26QB.
30/04/2024 it is correct
Deduction for Medical Insurance