If I have a salary income, and have sold some shares and also consulted as a free-lancer for a friend for a small amount [credited into by SB account directly] which was remitted from another country, can I file ITR-2 and fill the FSI section ?

Hello Sir,
I have a doubt regarding dividend filling in ITR. As per the dividend sheet shared by broker, dividend calculated for the FY is based on ex-date while if I check AIS, dividend amount is bit different (may be it considers the actual payment date of dividend) for eg: if ex-date is in march, payment date may be in April next financial year.

How should I consider the amount while filing ITR, should I take it as per ex-date or as per actual payment date.
Please suggest.

Best Regards 

Sir, One of my client trade in share market (F&O) last year with LOSS
Is it mandatory to show that LOSS in ITR? or file as last year ITR
if we show that LOSS our ITR figure goes very down
please suggest
Regards
Vikas

Sir,

My friends mother is expire on april 24 , now i want to know in his IT file she have 7lac cash in hand,and 8lac in bank.
can his son transfer 8 lac in his bank account and can utilised cash in hand.
What is rule please advise.
WHen to block bank account and pan card

Question 1. Is TDS applicable on amount received as compensation by a tenant on surrender of his tenancy rights?
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Ans> TDS not attracted but the income will taxable under the Head Income from other.

Question 2. Please clarify if the income is taxable what will be tds rate in case of super senior citizen and whether he can invest entire tax amount in some Government bonds tax saving bonds OR is there any threshold limit .
Suppose assume if Mr.A receives compensation of say Rs.20,00,000/- what will be his tds liability and how much he can invest in Govt.bonds.
Please advise.

For AY 2023-24 would a trust be able to get exemption under sec 11 if the Auditor has filed form 10BB report on 30th Oct 2023 and the client e-verified the same on 8th Nov 2023. If not please provide information as to get exemption thereon.
Thank you.

Hello Members,

The client had filed the return as per timelines for AY 21-22. The Return was directly filed by Client at that time via using some online website services. Apparently, Income from Salary was missed while filing the ITR, subsequently the entire amount of TDS deducted on Salary was also refunded by the department.
Now there has been a notice issued with respect of mismatch between the AI and the ITR filed. Post this notice client realized the above error. Need suggestion:

1. Since time limit for filing the updated return for AY 21-22 has already passed, is there any way we can file the updated return?
2. What will be the maximum penalty that will be applicable in this case?
3. Since client had accidentally missed out on this, any other recourse available to get this corrected with minimal penalty applicablity.

Regards

As per Sec 44AB, limit of 1 crore has increased to 10 crores if cash receipts/ payments do not exceed 5% of turnover. Does this apply to a Partnership Firm ?
Suppose a partnership firm is having a turnover of 5 crores and cash receipts/ payments are below 5% of turnover. Thus, this partnership firm will not be liable to Tax Audit for AY 24-25, correct ?

Hello,

My client of Land Owner.

Under JDA, if land owner received refundable lumpsum security deposit from land developer, which is to returned back to land developer upon possession of the constructed premises (his share), then what would be sale consideration in the hands of land owner and at what time.

For eg. land owner gets 1 crore at the time time of handing over the premises/land to land developer, and it is agreed upon that, out of 1 crore, 50 lacs to be returned back to land developer upon completion of structure and 50 Lacs to be returned back upon possession of his 60% share in the property.

So how and when capital gains is to calculated from the perspective of LAND OWNER.

Thanks in Advance.

I filled TDS return on 10th June, in which 2 employees' PAN was not operative and therefore received demand for 20% tax deduction...
If i linked both employee's PAN & Adhar and after that file revised return then it will reduced the demand? or I must have to pay the demand.
Is there any alternate solution without paying demand. kindly answer