NASEEMA S

While preparing grounds of appeal is there any necessity to provide information relating to queries and documents required by AO. Actually demand raised due to cash deposits in bank a/c. We have evidences for that deposits, but AO asked sales invoices §purchase invoices etc u/s 142(1). My every is while replying to appeal proceedings is it necessary to give details of sales and purchase invoices.?


PARDEEP KAPIL
28 January 2025 at 14:50

Exemptions u/s 54 on sale of property

Dear Sirs : One of my clients purchased a plot of land three months ago for Rs.300 (example) and now selling the same at Rs.760. Can he claim exemption u/s 54 if he invest whole sales proceeds of Rs.760 in new residential property..... If answer is NO than how can he save income tax. Kindly advise... Regards


Baliram Agalave
28 January 2025 at 12:53

Deduction claim under 80GGC

Hi Experts,

My client got Email notification for
claiming deduction under 80GGC and requested for claim may be verified and mistake.
May client have Proof for donation under 80GGC.

Kindly advise how to respond this.

Thanks


LoneWolf

I have been holding crypto worth less than 3000 INR in Binance just to try it out. I have reported that in schedule FA. I have a few paise(INR) in wazirx that I got when i sold some but I didnt take out a few paise. Does wazirx need to be reported in schedule FA as well? Wazirx is operated by zanmai which is registered in India, Since there is no guideline from the government what should be the approach?


sameer joshi

A husband falls under the 30% tax bracket. He invested approximately 10 Lakhs in fixed deposits in his wife's name. The wife earned approximately Rs. 70,000 in interest, and TDS of Rs. 7,000 was deducted by the bank. Unaware of the income clubbing provisions, the wife filed her ITR and claimed a refund of Rs. 7,000.

In the current financial year, the wife is expected to earn around Rs. 200,000 in interest due to further investments in FDs. Some TDS has already been deducted.

Given the potential application of clubbing provisions in previous years, is there a risk of receiving a notice from the Income Tax Department?

Can we continue to file separate ITRs, or should we consider clubbing the wife's income with the husband's income this year?"


Nitesh Veer

Line No-3.
Record Type-Challan.
Statement Type-Regular.
Field Name-Total of Deposit Amount as per Challan/Transfer Voucher Number.
Challan Details Record Number-1.
Deductee/ Salary Detail No-NA
Error Code & Description-T-FV-3169 Sum of TDS/TCS-Interest Amount + TDS/TCS-Others(amount) + Fee Amount + Total Tax Deposit Amount as per deductee annexure is greater than Total of Deposit Amount as per 'Challan' / 'Transfer Voucher'.


Divyesh Ajmera

If AO passed order under section 147 then in computation sheet there is shown more income so there can be request for rectification against 147 order computation sheet? Order is for A.Y. 2017-18 then 4 year applicability applies in such case?


Nabin Agarwal

FOR ONE OF MY CLIENT WHICH IS A COMPANY I HAVE FILED ITR FOR A.Y. 24-25. NOW WHEN I AM TRYING TO DOWNLOAD THE ITR FORM THEN A MASSAGE IS APPEARING "Request is taken for PDF generation, will be available in the form PDF download link after 6 hrs". But no such link is available till now. Nor any link received in the registered email id. If anyone has faced the similar issue and resolved later on , then pls share the process.


satish kumar Chauhan
27 January 2025 at 16:28

TDS 194T Applicanility

R/Experts

My query is. We will have to deduct the TDS on Salary and Interest to be paid to partners on 31.03.205 for the FY 2024-25

or It is not Applicable in FY 2024-25.

Thanks


Suresh S. Tejwani
27 January 2025 at 14:48

REGARDING DTVSV 2024....

IF SEARCH SIZEURE CONDUCTED UNDER SECTION 132/132A ON OTHER PARTY AND DEMAND RAISED ON ME FOR THE SAME THEN DTVSV APPLICABLE ON ME? DEMAND IS FOR UNEXPLAINED INVESTMENT UNDER SECTION 69A?






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