R.KANDASUBRAMANIAN
This Query has 2 replies

This Query has 2 replies

22 March 2025 at 20:49

Updated return e verify. EVC

Sirs. I have generated EVC for generating ack for UPDATED return but Incometax portal says invalid EVC. TRIED many times. Experts pl inform how to solve this error


Sree
This Query has 2 replies

This Query has 2 replies

22 March 2025 at 18:22

TDS deduction on property purchase

I have purchased a property >50lacs. The payment is to be done in instalments. I have paid only 10% (more than a month back) and the there is another part payment due now. The rest being a home loan. How do I file the Form 26QB.

1) Can I show the entire payment amount as lumpsum or it necessarily needs to be shown as multiple instalments?
2) What is the date of payment that should be captured ?
3) Do I need to show my wife's details as the co owner though financially there is no contribution from her side ? How do we split this payment in case that is needed ?


deepak
This Query has 1 replies

This Query has 1 replies

22 March 2025 at 17:04

Letter of Undertaking query in GST

One client import of goods and paid IGST to the custom department. Query is that He has Required to file Form GST RFD-11 (LUT) in GST portal?


Arvind K
This Query has 1 replies

This Query has 1 replies

22 March 2025 at 15:58

Capital income or F&O income

My query is - When option contract is exercised on Expiry day, we need to give physical delivery of stocks from our Demat Holding to broker for physical settlement. Is giving physical delivery of stocks consider as Capital Gain/loss or F&O income?
As Giving physical delivery from Demat Holding is considered as "Sale of stocks".
So, is it needed to report in ITR as Capital income or F&O income ?


Srimannarayana
This Query has 5 replies

This Query has 5 replies

22 March 2025 at 15:48

ITC not taken in GSTR3B

ITC showing in GSTR2B but not taken in GSTR3B due to filed Nill rereturn is there any issue


Rahul Singh
This Query has 1 replies

This Query has 1 replies

22 March 2025 at 14:26

Query on validity of ITR

"Subject: Clarification on Rectification Order and Validity of Demand

I am seeking clarification on the rectification order and demand validity related to my updated return. Here's a brief background:

- Rectification filed on January 21, 2024, was processed with a demand of Rs. 5,160, which was paid.
- Updated return filed on March 27, 2024, was rejected on December 4, 2024, due to Part B ATI refund issues.
- Another rectification was filed on December 7, 2024, but was rejected on March 17, 2025.

Fact of the Case:

1. Is the demand of Rs. 5,160, raised in the first rectification order dated January 21, 2024, still valid?
2. Will this rectification order be considered as a final order, or are further rectifications possible?

Please provide clarification on these points to ensure I take the necessary steps.


San Gai
This Query has 1 replies

This Query has 1 replies

I am looking for an option to get exemption on Long Term Capital Gain tax on Equity Shares. I came to know that one can transfer the amount to Capital Gain Account Scheme (CGAS) Account
if the return filing date is near. Then the amount needs to be withdrawn from the CGAS account within 2 year to buy a residential property or within 3 year to construct a house.

Queries:
1. Does section 54F applies to only residential property? Doesn't it apply to land? I mean is land buying considered as buying a property?
2. Can section 54F be used for buying maximum two residential properties in lifetime? In other words if one ensures that there is no or a single property before using 54F every year unlimited times?
3. Does one need to transfer only LTCG tax amount to CGAS account or whole LTCG amount prior to tax?
4. If one transfers LTCG to CGAS. How the ITR 2 needs to be filled? Does one still need to show LTCG details? In addition to this, in which section CGAS details need to be filled?
5. Section 54F allows one to buy a property or construct a house within 1 year. So if one wants to know use section 54F but not actually used, then is there option on ITR 2 to fill such information?


Mohanraj J
This Query has 2 replies

This Query has 2 replies

Dear IT Experts
Any one can share me the Income Tax Calculator In Excel FY 2024-2025 (BENNY THADATHIL)

Thanks in advance


RAMESH BALIRAM LUTE
This Query has 1 replies

This Query has 1 replies

Dear Sir,
In this FY 2024-25 , I have earned Short Term Capital Gain of Rs. 125882/- , I have Holding Adani Enterprise
150 Qty. having unrealized loss of Rs.1,01748/- . This Stock 150 qty are available as to Manage Capital Gain Reports.
Can I sell this stock and Buy Next Day , to Manage my Short Term Capital Gain against this ST loss.
Please advise


manisha bidikar
This Query has 1 replies

This Query has 1 replies

22 March 2025 at 12:30

Form 16C mismatch

Namaste ! I have paid TDS on rent up till Sep.2024 @5% and from Oct.24 till Mar.25 @2% as per the rule. The form 26QC generated from TRACES for both the challans are correct. However both form 16C generated from TRACES show the same amount i.e.2% rate. How to get it corrected? (i am a housewife, not a tax professional. Please guide me!) Thanks!