What is the basic exemption limit below which there is no need to file an ITR?
A. 2.5L
B. 3L
C. 4L
Hi,
I am planning to sell my apartment in April'25. If sale deed execution and registration is done by 10th April 2025, for example, should I declare it in ITR for FY 2025-2026? or will it be in FY 2024-2025?
Dear Experts,
Property purchased in 2006 by assessee is now trfd as gift to his 2 sons. Will this gift result in capital gains if trfd to 2 sons without consideration?
Also when the son sells the property within 1 year , then the same will be treated as short term or long term?
What will be the cost for him for calculating capital gains? zero or cost to previous owner? If cost to previous owner , then cost of improvements done will also be considered?
Dear Sir
Our case is 2 buyers and 2 Sellers (both sides husband and wife with 50:50 share). Property value is 1.85 cr as per agreement.
While filling form 26QB, please confirm:-
1. Each Buyer will fill 2 forms 26QB in name of each seller...is it correct ?
2. If point no. 1 is correct, then while filling 2 forms 26QB by each buyer - what value should be mentioned in Total Sale Consideration column...is it 46.25 lac in each form considering total 4 forms to be filled (each buyer filling 2 forms in name of each seller) ? Or in all 4 forms, the Total Sale Consideration value needs to be filled as 1.85 cr ?
hiii!!! i earn profit from partnership firm as 20,68,562/- which is exempt in my hands. and my income form other sources is 1,20,500/-. please guide me whether i am liable to file income tax return.
Dear Sir My 80g is Rejected recently. How to Fresh apply in Form 10AC
Is the case of Short Deduction of TDS appealable in any circumstances or is there any other way out to resolve the same?
My client has started business of pharmaceuticals under Partnership Firm. They started the business on October 2024. In December 2024 they got the GST Registration.
They bought some materials & some fixed assets. But they do not have any sale till now & according to them this FY (2024-25) their sale will be NIL.
Is ITR filling is mandatory & if yes is audit required as they have loss arise due to depreciation on Fixed Asset & some expenses to run the business.
While filling Form 26QB Stamp value of the property is to be entered.
When payment towards property is in installments what stamp duty to be entered ?
For AY 2025-26, what are the benefits to sr. Citizens ( 60+)?
PF & ESI Course - Labour Code 2019 Along with Examples and Case Studies
Post Budget 2025 ITR Filing Threshold