PALANI M

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.


Mahabir Prasad Agarwal
10 December 2024 at 16:16

Updated ITR and Refund Claim for FY 21-22

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.


HIRENKUMAR
10 December 2024 at 15:44

Marginal TAX relief

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 ?


Divyesh Ajmera
10 December 2024 at 12:16

Regarding Tax payment of demand.

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)?


Suresh S. Tejwani
10 December 2024 at 12:14

REGARDING TAX PAYMENT OF DEMAND

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)?


Suresh S. Tejwani
09 December 2024 at 17:57

REGARDING FORM 71

WHAT IS TIME LIMIT TO ISSUE REFUND FOR A.Y. 2023-24 BT IT DEPARTMENT, IF WE FILE FORM 71 FOR THE SAME?


yashwant jain
09 December 2024 at 17:17

Exemption for Income Tax

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.


Chahat Khanna
09 December 2024 at 17:02

Deduction for CSR EXPENSE

Resolved and deleted.


Mohanbhai Gohel
09 December 2024 at 16:34

Borrowing from relatives

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?


Chandra Kala
09 December 2024 at 16:33

VIVADH SE VISWAS CHALLAN 2024

Is there is any seperate challan form for payment of tax of vivadh se viswas 2024. How to pay challan






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