Sir, my income details are following
AY 2023-24
Original return- 594000
Revised Return- 589420
ITR-U -589500
Kindly tell if my ITR U will be processed or not? Income is shown lesser than original but more than revised

A PROPERRITOR FIRM RECIVED A LOAN FROM B
AMOUNT 50000 (BY CHEQUE) SINCE 2020 AND FIRM NOT PAID TO INTEREST TILL DATE
WHAT WILL BE THE IMPACT TILL 2023-24

ANY ISSUE ????

Hi

This is Ramesh. Can somebody explain whether the last two years' IT returns were filled out or not?

sir, please advise me how to invest in residential property sale proceeds ... in another flat (is there any cut off on new property construction date or can i buy a very old construction as well ?) , a part in land (can it be farm land or senior living flat).... and some in dividend paying instruments.. i am a senior citizen , 60 ... Also, i would like to know if i can invest in a commercial property (a part ) ...
regards.

b v satyanarayana

Respected Sir/Madam,
If a Person is member of indian crew ship and his residential status (after considering 182 days or more criteria) is Non resident and he receives salary in indian SBI Account, Now my question is how we disclose his salary income in Income tax return under updated return of AY 2023-24? Actually a person wants to take a loan from Bank and wishes to file ITR, so how we disclose in ITR?? Kindly help.....

Dear All
is there any other tax structure & rule , which required to follow for deduction from RA bill of Contractor & their advance except TDS U/s 194C (2 %) ?

Plz reply with reference..

Regards

S Mallick

Dear experts, is there any maximum time limit till when IT notice under section 144 can be issued....like we have in section 149 of 3 years and 10 years....Thanks in advance....

As per Section 45(5A) of Income Tax Act, 1961, relaxation to pay tax arising from a Joint Development Agreement at the time of receipt of occupancy certificate is given only to Individuals & HUF. There in the case of a pertnership firm or an LLP, tax is still payable at the time of entering into Joint Development Agreement. My query here is, in the case of an LLP or a Partnership firm that is in real estate business, the tax on Joint Development Agreement shall be paid under the head Capital Gains or Income from Business ?

I am an individual (Buyer) buying a flat from a Company (Seller). When I try to fill up the form 26QB, i see the portal is auto selecting the major head as "Corporation Tax (0020)".

Builder document says it should be "0021". Is there a bug on the income tax portal or the selection is OK?

Sir,

I want to know the TDS applicability in respect of the below transaction. One of my group Company which was liable for audit availed vacant land under government scheme from KINFR (a government undertaking). During the financial year 2023-24 they have issued invoice under SAC 997212 for a total value of Rs. 284049 and out of the total amount Rs. 139359 was relates to the previous financial year 2022-23. Respective financial year invoices were issued separately. Whether TDS was applicable in this case?.