Easy Office


Md.Yacoob Shariff
25 April 2024 at 22:10

Gaital gains tax

Can the exemption under sec 54 claim from the long term capital gains, for the cost of improvement done in the self occupied property


kollipara sundaraiah

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


Stephen Marks

Dear Sir,
Property bought for 94 lacs bhought and paid on 06.03.24. The property still in valuation process for determination of stamp value. Should we have option to wait to pay TDS? as 30 days from the end of the month march is going to complete this 30.04.24. or proceed to pay for 94 lacs then later pay for balance if any


Santosh Katre

We have filed a return of Income on 30th Sept, 2013 and got intimation u/s 143(1) on 27th Aug., 2014. This intimation was without demand.
We got to know that there is a wrong input of TDS Credit claimed which was subsequently (after filing of return) withdrawn from 26AS and therefore we voluntarily paid the differential amount of Tax on 3rd March, 2015 without filing revised return.
CPC issued suo moto rectification order u/s 154 on 16th June 2017, in this order demand has raised along with interest, which was already paid (along with interest) as mentioned above.
please guide on how to get this demand reversed.


ASHISH ARAT

Dear Sir,

Kindly guide, Single invoice of Rs. 118000/- for Stall Rental in Computer Expo for 3 days, should we deduct tds under 194c or 194I


Chandra Kala

Due date for submission ITR-7 in the case of assessee fall under sec.10(23C)(iiiad)


kollipara sundaraiah

Sir,
it person (name .A) cash gift from sister (name ;B) rs:15 lacs through on bank mode after same date
Name :A cash gift some amount rs:5 lacs to sister (name:B) through on bank mode.
Question:
Gift received and payment transaction taxable or exempt.


Anand Prakash Garg

NRI who is staying oversees 29 years and wants to return to India for permanent settlement.

He holds NRE deposit in Bank in India. How is taxation on interest on NRE fixed deposit, assuming that on return to India , he will gets R&OR status.
Is interest from NRE fixed deposit exempt for next 2-3 years after becoming RFC account.
Is FCNR interest is exempt in this case.

Regards


SREE PRAKASH
23 April 2024 at 20:36

IGST refund-- taxability

Respected Sir
Please clarify whether igst refund received is taxable or not.
If so under which section
Thanks in advance


Rohit Lodhi

If pan were inoperative and valid at the time of Tds deduction but operative and valid before return filing at what rate TDS should be deducted