One of my client has been filing his ITR after Tax Audit since last 5 years. This year i.e. FY 2023-24, he decides to declare his income u/s. 44AD . Is there any restriction on this ?

Sir,
A landlord owns land leased to another person ( tenant) from 2010 to 2030 leased period after tenant leased land construction building year 2015 and landlord leased land along with construction building sold to another person year 2024.if tenant leased period 6 years due
Question:
Above mentioned leased and sold transaction capital gains implications of landlord and tenant applicable

I am regular fieling my it-rtns in time
I HAVE SHARES AROUND 1 CR…MIX OF SHHORT-LONG TERM
IF I WILL PURCHHASE…FIREST….HOUSE-PROPERTY
IN CURR FY 2024-25
CAN I GET ANY TAXATION RELIEF…..
FOR MORE INFORMARION
UNDER WHICH SECTION
FORMULA
OR ANY WITH EXAMPLES….IF POSSIBLE

LOOK4U@REDIFFMAIL.COM

What amendment made through budget 2024 in relation to TDS & TCS.

Hello Sir, I have a question regarding ITR filling of Primary agriculture credit co op society as this societies are audited under maharashtra co operative societies act then what is due date for their ITR filling and tax audit is applicable to them or not and if applicable how their turnover calculated for tax audit purpose as profit loss statement include Interest as revenue.

Sir,
Assessess purchase of godown storing goods for value rs 2 crores
Question:
Assessess depreciation claim on Full value rs 2 crores or land cost separately

The period of holding to determine LTCG/ STCG is reduced to 24 months from 36 months in respect of Debt MF. In case of transfer made before 23 july 2024, what will be the period determining STCG/LTCG - 24 months or 36 months? The tax rates have also been changed for STCG/ LTCG . Will old rates apply to transfers effected prior to 23 july?

Flat purchased from builder
Date of Registration - Mar-2023,
Expected RERA date of possession - Dec-2025

While date of registration is Mar-2023, property is still under construction

Current Home Loan (before possession) has been taken to pay the builder
I plan to sell a residential plot say that materializes in Jan-2025 or Feb-2025

I have 2 queries :-
1. Can date of possession be considered for exemption on LTCG tax (as property though registered is not under my possession) for LTCG tax exemption of residential plot.

2. Can home loan principal payment will be considered for exemption on LTCG tax

Please advise

My banker has deducted TDS on cash withdrawal at 20% and filed the same under No PAN furnished case eventhough my PAN has been properly linked with my bank.

Now the bank branch says they raised a complaint on this to correct the issue and advised to file the ITR without reflecting TDS in 26AS and bank will provide necessary proof on further enquiry by income-tax.

Is that a good option to do so... please share your valuable advices.

ASSESSES HAVING A TURNOVER OF RS. 2.19 CRORE HAVING RECEIVED ALL PAYMENT VIA DIGITAL PAYMENT SYSTEM (LIKE RTGS , NEFT, UPI) WANTS TO FILE RETURN UNDER SECTION 44AD CONSIDERING REVISED LIMIT OF RS. 3CRORE ??

REVISED LIMIT IS APPLICABLE FOR A.Y. 2024-25??
IS IT POSSIBLE ??