Dear Sir,
We have paid annual income tax return for fy-2023-24 but we know about income tax entry going in tally which group under.
i am selling an apartment purchased in 2018 im my wife's name. i have furnished the same for 15 lakhs (bill in my name). now when i sell the property can i take the cost of the furnishing separately from the buyer in my name? also can i sell it for a higher consideration?
Department sent verification of refund claim to the assessee. assessee did not respond within the time given. now there is no option to verify claim under pending work list.. how to get the refund now that the option to respond is not available
Dear sir,
Can you enlighten me on applicability of cost inflation index while calculting long term capital gains on of Residential Plot of land sold on 20th November 2024 after holding it for 8 years ? Thanks in advance.
Sir,
It assessess new residential house construction value rs:1.50 crores payments through on bank channel.if residential house construction value rs:1.70 crores certified by engineer (income tax valuer) f.y.24-25
Question:
Assessess construction house expenses difference amount tax applicable for it act f.y.24-25
FINANACE YEAR 2023-24 26AS REPORT
TRANSCATION DATE MARCH 2024
AND DATE OF BOOKING MAY 2024
CAN WE CLAIM TDS IN 2023-2024 ITR
AND WAT IS THE MEANTING OF TRANSACTION DATE AND DATE OF BOOKING
If TDS is deducted under section 194A. Mr. X has filed his return of income under presumptive basis i.e. Income u/s. 44AD by showing Income of 194A as presumptive. is it correct? whether Income u/s. 194A is treated as a business income? if yes, then is it any certificate/license is required?
RESPECTED SIR/MADAM
one of my client wants to sale his property on dec 2024, he purchased this property in 2004. my query is, can he opt option of 20% capital gain tax with indexation?
pls guide me on this case
Thanks in advance
I have an one old house and constructed a new house by taking a housing loan, if i sold the old house and the entire sale consideration was used to repay the loan taken for new house , can i claim an exemption u/s 54 of the IT Act, any decided cases
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ACCOUNTS INCOME TAX