Long term capital gain from ELSS fund which is Free-Free-Free in nature. Where to show in ITR-2
One of my client is a NRI and she sold a property on 2.4.2024. The property was purchased in 2018. My query is what will be the index for AY 25-26. Whether it is 363 or 376. Although the portal shows it is 363, I recall a news came in Patrika where it was reported that if one makes sales of a property before 23.7.2024 , then the index will be 376 instead of 363. Can anyone explain please.
SNU
Sir, When the ROI is filed U/s.44AD, in ITR-4, whether filling up of Financial Particulars of Business is mandatroy or optional?
Hi,
i can see my AIS showing Gross amount 10,58,000/- as Purchase of Time deposit...but reported date is 31/5/25...i dont have that much of balance in my a/c during the year and now also dont have that much of balance.. how come this much of balance is showing and what is this all about??do i need to show it anywhere in my ITR of FY 24-25?
Hello All,
Recently we had deducted 10% on the professional charges of an Interior Designer.
What if the person is taking the contract work, will the TDS be 94C
My brother is working at SBI and his gross salary is ₹34.8 lakhs, which includes perquisites of ₹6.09 lakhs and Leave Travel Allowance (LTA) of ₹6.52 lakhs. His consultant advised him to file his return using ITR-2, as he has a short-term capital loss of around ₹3,000. He filed the return under the new tax regime. However, he claimed the entire LTA amount of ₹6.52 lakhs as exempt under Section 10(5). Is this claim acceptable, and will he need to provide any evidence if he receives a notice
Dear Sir/Madam,
I have query regarding where to show F & O gain/loss in ITR?
I know it is showing under business and profession. But question is department has not provided such column to mentioned the turnover then how we will mentioned the turnover. As per my knowledge we have to mentioned under sale and purchase head according to gain/loss. if we do like this then how loss will be carried out over next 8 years?
Please guide me on this. Also, let me know if client has gain/loss from commodity then same method can do as F&O method.
Thanks and regards,
Pratik N Patel
T_FV_6381 At least one deductee/collectee record is required in TDS/TCS statement as per Income Tax Department guidelines. Please add deductee/collectee details before validating the statement.
Dear All
I have received 50 lakhs against sale of shop in AY 2011-2012 and i had invested full amount in Capital Gain but failed to file ITR for the same after 14 years can i withdraw from Capital gain ITR and what is tax impact on it??
Please suggest
Respected Colleagues,
One of my client wants to withdraw the left amount unused in CGAS, So wanted to know the procedure and how to file Form G and "Is Form G addressed to Income tax dept or to Bank''
Please guide and provide suitable attachments or format.....
Regards
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Capital Gain from ELSS after 3 year where to show in ITR-2