will i have to pay income tax for the amount received out of selling my father's house who was expired 30 years ago being the legal heir after the demise of my mother 3 years ago.
How to show ITDS in updated ITR 4 for FY 2021-22 ? Because showing actual ITDS, a IT refund claim is generated, which the software does not accept.
sir
fy 2023-24
As per the marginal tax relief, the amount of tax one needs to pay on income between Rs. 7,50,001 and Rs. 7,77,778 is the additional income above Rs 7.5 lakh and not the tax liability as per the slabs. This helps in avoiding a situation where a marginal increase in taxable income leads to a much higher increase in tax outgo. So, in the case of Person B, the actual tax liability will be Rs. 10,000 and not Rs. 27,040. We can see the table below for the actual tax liability across other income levels.
how much in fy 2024-25 ?
If notice of demand u/s 156 not issued, but we want to pay tax for earlier year demand, then which head is applicable whether 400 (outstanding demand) or 300(self-assessment tax)?
IF NOTICE OF DEMAND U/S 156 NOT ISSUED, BUT WE WANT TO PAY TAX FOR EARLIER YEAR DEMAND, THEN WHICH HEAD IS APPLICABLE WHETER 400 OR 300(SELF ASSESSMENT)?
WHAT IS TIME LIMIT TO ISSUE REFUND FOR A.Y. 2023-24 BT IT DEPARTMENT, IF WE FILE FORM 71 FOR THE SAME?
The Samiti has registered in Chhattisgarh Firm & Society Act as Samiti. Main object of Samiti to Welfare of the Police employee. Samiti also run petrol pump (Dealership of Indian Oil) and earn profit. Can profit is exempted when the earn profit in used for welfare of Police Employee. Please suggest any exemption can taken by any section on these profit (Run a petrol pump)
With Regards.
Father got money from his son and daughter in law as zero percent loan for 10 years.is there any tax liability either side? What type of documents required?is document compulsory?
Is there is any seperate challan form for payment of tax of vivadh se viswas 2024. How to pay challan
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Receipt of money upon selling Deceased Father's House