Bhavika Tourani
25 January 2025 at 15:35

Form 15CA (Part C)

do we need to file part C of Form 15CA if NRI received gift from father (Resident) of Rs. 11.50 Lakhs ?


raghavendra b

DEAR SIR,

ONE OF MY CLIENT WANT SELL HIS AGRICULTURAL LAND SITUATED IN CITY MUNICIPAL LIMITS.
COSTS NEARLY 4 CR. THE LAND IS AN ANCIENT PROPERTY THE CIRCLE RATE IS NOT PROPERLY KNOWN TO THE SELLER. NOW MY QUERY IS
1. CITY MUNICIPAL LIMITS IS COMES UNDER THE PERVIEW OF TAXABLE INCOME
2. IF YES HOW TO INVEST THE MONEY SAVE CAPITAL GAIN TAX
3. OR PURCHASE ANOTHER AGRICULTURAL LAND
4.PURCHASE OF RESIDENTIAL HOUSE PROPERTY

PLEASE SUGGEST ME

THANK YOU


Suresh S. Tejwani
25 January 2025 at 14:16

REGARDING TAX PAYMENT UNDER DTVSV

IN WHICH HEAD TAX PAYMENT SHALL BE MADE WHETHER IN 300 OR 400 HEAD?


suresh
25 January 2025 at 11:45

Payment of tax before form 2 approval

Payment is made at time of Appeal, payment is made 100 percent. Now we are applying in DTVSV Scheme Whether assesses is eligible for DTVSV Scheme?

whether payment of tax before 31.01.2025 or after form 2 approved.


Suresh S. Tejwani
25 January 2025 at 10:56

DTVSV Scheme

At time of Appeal payment is made for payment of tax but only matter is paid regarding 234A, 234B & 234C.
If form 1 is file till 31.01.2025 and payment is made after 31.01.2025 then, Assesses will need to make payment of 100% or 110% of Disputed Tax.


Prasad P
24 January 2025 at 19:53

Buy and Sell of Securities

100 Shares of Company A were bought in 2002
Entire Holding was sold in Jun 2024 - Resulting in a capital loss of Rs 5100.
100 shares of the same company were bought in Jan 2025

Can I claim capital loss of Rs 5100?


Suresh S. Tejwani
24 January 2025 at 11:07

REGARDING APPEAL STATUS

IF ORDER PASSED BY CIT(A) AND NO APPEAL FILED AGAINST ITAT FOR CIT ORDER UPTO 22.07.2024, THEN IN FORM 1 SUCH APPEAL STATUS DEEMED AS AGAINST CIT?


Murali
23 January 2025 at 18:38

PAN Inoperative-higher TDS

Dear Sir,

we have deducted TDS @ 2% under 94 C, but his PAN is inoperative in the month of Dec 2024 bill booked.

now he linked with aadhar, becomes operative,

we are liable to deduct 20% or 2% in Dec 2024 because of we are filing TDS return

please confirm


Shweta
23 January 2025 at 16:38

Investments in AIF

Mr Amit and his two friends Rajesh and Rakesh are planning to invest in Alternative Investment Fund (AIF).
They are planning to invest this amount of Rs 1 crore.
The minimum requirement to invest in AIF is Rs 1 Crore (i.e. 1,00,00,000)
They decided to form “Joint Venture” and open a bank account in the name of “Joint Venture” and collect money invest in AIF.

Income Tax Treatment of " Joint Venture"
Query 1 - Under what head income of Capital gains, interest income and Dividend Income from investments will be taxed in the hands of “Joint Venture”?

Allowable Expenses for " Joint Venture"
Query 2 - Whether “Joint Venture” allowed expenses incurred in earning Capital gains, interest income and Dividend Income from investments?

Tax Treatment of Income Distribution to Members
Query 3 - Under what head distribution of income of Capital gains, interest income and Dividend Income will be taxed in the hands of Mr Amit, Rajesh and Rakesh?

Allowable Expenses for Members
Query 4 - Whether Mr Amit, Rajesh and Rakesh allowed expenses incurred in earning Capital gains, interest income and Dividend Income from investments of their “Joint Venture”?

Deduction under Section 54F for Capital Gains from Investments in AIF
Query 5 - Whether Mr Amit, Rajesh and Rakesh allowed exemption under section 54 F for Capital gains from investments in AIF?
Query 6 – Can the investment in AIF be made in the name of “Joint Venture”
Query 7- Can “Joint Venture” be named in the combined name of three investors i.e. Mr Amit, Rajesh and Rakesh



seema nair
23 January 2025 at 14:25

Tds filing online

please let me know as to how to change mobile no to whom the otp goes to while filing TDS return...