Daya
06 January 2025 at 12:26

sale of unlisted shares

what is capital gain tax rate on sale of unlisted shares
LTCG and STCG


Anish Verma

Assesse has filed the ITR on 16th June 2024 for the AY 2024-25. The ITR was e-verified through Aadhar OTP on the same day. The refund receivable was around 30K. The ITR has not been processed till date i.e. 06/01/2025.

Two-time grievances have been raised on the portal with CPC-ITR for the delay in processing of ITR but every time it has been closed stating that returns go through automatic validations and checks, so wait for processing.

When can we expect the processing of this ITR since the due date to process ITR was 31st December 2024?


Vipul Acharya
06 January 2025 at 10:52

TDS 194R applicability

A company wish to give foreign trip or trip in india to a consultant apart from the agreed fee, as he helped company in a project. whether TDS provisions u/s 194R are applicable or not.

Kindly reply with explanation, as per auditors TDS u/s 194R not applicable


Umesh Jadhav
06 January 2025 at 10:44

Sec. 194J tds

194J thresholds limit 30000 hai, but yah per year hai ya single bill.
Per year hai to ek bill april mai mila hai and ek bill dec mai to tds deduction kaunse month mai dikhau.


Daya

what is short term and long term capital Gain Rate right now


binu sukumaran

Sir,
I have currently only income from sole business. Plan to purchase house through housing loan . can I get deduction for Housing loan EMI.
Please advise
Binu


Daya

what is TDS rate on employment news and Rating agency Like Crisil.


Daya
06 January 2025 at 10:21

Gift to employee more than 1Lakh

Gift to employee more than 1 Lakh Given , How much exempt in hand of employee and How much GST applicable on this amount


V Ishu Hegde
05 January 2025 at 21:26

Error AIS modification submitted

A an assessment has sold unlisted shares of Rs 7500000 to B a dealer in shares on which TDS under sec 194Q of Rs.7500 has been deducted mentioned as sale of goods business receipts A the assessee has modified it in the AIS to capital receipts which is incorrect and should be the other option Information is not fully correct .The return of income is correctly filed the sum of Rs.7500000 as sale value of the shares and deduction of cost of acquisition Rs 4000000 leading to capital gains of rRs. 3500000 .The assessee had recd the notice for modification in AIS but despite repeated attempts to modify the the feedback shows error and no modification could be done it allows modification only in the figs. Whethercorrection in AIS can be made after intimation of the return is made and what is the procedure for the same or any other option to correct AIS is available?


Kollipara Sundaraiah

sir,
It person cash loan to relatives amount rs:10 lacs through on cash mode after another date cash loan amount rs:10 lacs received from relatives through on bank mode.
Question:
Above transactions penality provision applicable in it act.






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