Amit Jain

In case of Revised TDS Return, whether there is any time limit to issue TDS Certificate. Secondly whether we have to generate TDS certificate of person which was added/amended newly or all person TDS certificates needs to be generated.


Nutan Mali
01 December 2024 at 10:56

Income tax site login problem

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ye message aata hai from last 3-4 days


narayan
30 November 2024 at 18:56

54 f disallowance

I had purchased a flat in aug 2023 against sale of shares and claimed sec 54 f exemption. Now I purchased another flat in nov. 2024 due to which the earlier 54 f exemption claimed in fy 23- 24 will be revoked and added to this year ie fy 24-25 income.

My query is - how much tax I will have to pay on this revoked 54 f capital gains .
Since I am a senior citizen with no income from profession or business, am I right in presuming that there will be no advance tax

Regards


Karthikeyan
30 November 2024 at 18:28

Computaion of Capital Gain

My Client purchase agri land on April 2022 and Sold on May 2023 within 13 months. can he get exemption u/s. 54B for Capital Gain.


Megha Sarawagi

I AM GETTING ERROR- "INVALID PAN. PAN format should be First 5 alphabets, then 4 digits, then ALPHABET WHILE GENERATING .XML FILE FOR ITR OF AY 2018-19. HOW TO SOLVE THIS PLEASE ADVISE.

THANKS,


Vilas

Open plot is purchased in the year 1986 for Rs. 20,000/- and house is constructed on it spending Rs. 20.00 lakh. Thus total acquisition cost is Rs. 20.20 lakh. Now this property is to be sold for Rs. 201.00 lakh. Whether it will be beneficial to opt for indexation benefit or to opt without indexation benefit. If Indexation benefit is opted how to arrive at cost after indexation. Present index is 363 considering the base year as 2001, but the property is purchased prior to 2001 i.e. in the year 1986


Praveet
30 November 2024 at 13:33

About Losses And ITR Form

Will the losses incurred on money invested in gambling apps be treated as capital gains? If yes, which ITR Form should be filed? Plus it also has business income


Krishna
30 November 2024 at 12:21

Vivad se vishwas scheme 2024 new

sir ,
an assessee s assessment was carried out us 144 for AY 2017 18. Assessee now intends to go in scheme. Now assessee is required to pay only tax amount & no interest us 234A B & C is it correct ? second question is penalty notice us 271AAC is issued for income assessing us 69 i.e. unexplained money, however penalty order is not issued. If now assessee opts for scheme then penalty proceedings initiated us 271AAC will automatically dropped ?
please reply thanks in advance


Kunjan

facts :- asst. 24-25. assessee is firm. turnover 7 crore, profit only 2 lakhs. no cash receipt/payment
i filed without audit but with bal sheet/prof loss stating 44ad is not applicable & 44aa (books) as applicable.
strangely, just got 143(1) intimation stating

"Tax Payer has offered income under section 44AD, and the gross receipt or income under the head “Profits and gains of Business or Profession” is more than 2 Crores; however, he has not filled Balance Sheet and Profit and Loss Account and has not got the books of account audited."

probable resolution ->
The taxpayer has offered gross receipt or income under the head “Profits and gains of Business or Profession” more than 3 crore. Hence, the taxpayer has to file the audit report as per section 44AB

my view--> i have not filed u/s. 44ad, i have said 44ab is not applicable. i have filed bal.sheet/prof loss. Hence, i feel intimation is grossly wrong. There is no need of audit as turnover less than 10 crore (its 7 crore), although margin is less than 6%

is audit required? what am i missing?


Rahul Raj
29 November 2024 at 22:16

Refund AY 2012-13 and 2013-14

Dear Expert,

I am a Trust Registerted under 12A/12AB provisions and 80G as per income tax act 1961. My query is i have not received my refund for AY 2012-13 and 2013-14 till now. I had checked the refund status and the status is showing "Address not found". is there any way to get refund for AY 2012-13 and 2013-14 ? Please guide I need yours expert advice. I even raised online greviences but did not get any help.

Please help me






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