One of my clients dealing listed equity shares from both on & off-market. In FY 2022-23, the selling of listed equity shares on the market showed acquisition cost in AIS, but off-market selling did not show any acquisition cost; the mutual fund statement from the party shows the purchase cost of such off-market shares.
Is it proper to deduct the purchase cost , shown in MF statement of the shares from the selling amount of such off-market transaction in ITR in AY 2023-24?

A raise a invoice of 50000 base value + 18% gst to party B
and A Raise credit note against the upper invoice of 5000 +18% gst to party B


When B will make the payment to A then at what value B will deduct the TDS ?

Dear Sir/ Madam,
Is Cash gift given by son to father ,taxable under Income Tax Act 1961.
How much is the maximum cash amount that can be given as gift to relatives
without any tax liability .??

Regards

Dear Sir,
An Assesse has Interest on House Building Loan of Rs. 2,00,000.00 and he also sold one house property and purchase another house property so no capital gain tax is imposed. But we need to show the sale and purchase details in ITR - 2. The problem arises is that Interest on House Building Loan of Rs. 2,00,000.00 is being carried forward for next year. So how can he calim Intsrest on HBL in this year.

Please suggest.

Thanks,
Abhishek.

Rent paid total is Rs84000 in a year while calculating deduction u/s 80gg rent paid amount is asked i enter 84000 and it automatically takes deduction as Rs.60000/-
My question is while computing the amount of deduction comes to Rs.59255/- (Rent lesss 10% of adjusted total income).
How to claim it in ITR1 as i enter rent paid amount as Rs.84000 it automatically considers Rs.60000/-

Sir,

If request for Aadhar OTP the following error I am getting, how to resolve.

EF500064

I have several times resumed my filing in ITR 2 , was facing error in 80 U which I did not select, but the system is asking to show figures , if I have selected , however I left for the day, and now it is saying ' you do not have any saved drafts' while I tried to resume filing

can any one please help

Can HRA deduction can be claimed by both husband and wife if they are working if the Rent agreement is in the name of both the persons??In what proportion of rent they claim HRA??

When i bought car on loan.
Car Dr 10,000.00
TCS receivable Dr 100.00
Vendor CR 10,100.00
Then loan paid by
bank Bank CR 10,000.00
Vendor DR 10,000.00

Question is TCS receivable credit in vendor account. How to pass JV?

Client is providing graphic, web designing and digital consultancy, content creating services.
TDS is deducted under 194JB
can we declared his income under section 44AD or shall i need to consider him as professional under 44ADA ? does it get covered under 44ADA ?
TDS under 194JB is a matter of concern
also last year income declared under 44ADA
can i deviate to 44AD this year ?
please advice