What are the tax implications in the following cases?
1) agriculture income 4000 p.a and non agriculture income 100000 p.a
2) agriculture income 6000 p.a and non agriculture income 100000 p.a
sir
home loan interest kha dikhaye jab ki salary income me hra claim bhi kiya h or tab hum apna house loan interest kha per dikhaye
Sir,
FY 2023-24 Annual Sale will be approximately RS. 85 Lacs . So can we go for 44AD and declered profit 8% so in new regime no tax liability . so no need to pay advance tax
Please suggest
1) My Father expired on 26.3.2022.
2) As per process I have filed his last return and claimed TDS refund in his PAN as legal heir.
3) Since it was near end of financial year, TDS was deducted by banks on interest income of FDs till the time they were closed during next financial year.
4) My query is how to claim TDS deducted in his PAN in my ITR (will it be allowed?)
or
I can still file an ITR in his PAN and claim the TDS.
5) Kindly guide. I hope the query is clear.
Hi Experts,
I have situation regarding home loan which was take by of my client and unfortunately she died :(.
Now her legal heir, her husband agreed to pay the EMI to the bank and continue to pay the same.
Now my query is will he able to claim housing loan interest as he is the paying the EMI on monthly
WE ARE UNABLE TO UPLOAD SFT 16 (INTEREST INCOME) ON PORTAL
https://report.insight.gov.in/reporting-webapp/portal/homePage
PLEASE HELP
i have one clinet and his trading account (IT IS 44AD IT RETRUN AND IT IS MANUALLY EXCEL TRADING ACCOUNT)
PARTICULAR AMT PARTICULAR AMT
OP BAL 2,85,200 SALES 8,45,860
MATERIAL PURCHASE 4,20,360
GROSS PROFIT 4,90,900 CLOSING STOCK 3,50,600
TOTAL 11,96,460 TOTAL 11,96,460
MY QUESTION IS HOW TO REDUCE CLOSING STOCK AND WHICH ENTRY MADE DR OR CR SIDE
OTHERWISE EVERY YEAR CLOSING STOCK INCREASE
today I tried to submit itr 3. It showed " Validation successful", no errors found" . But when I try to press ' proceed to verification' button , then the below message is coming:
#/ITR/ITR3/TradingAccount/OtherIncDtls/0: required key [NatureOfIncome] not found];#;Please contact the developer of your utility with the error key
Kindly suggest me in this regard.
My TDS was deducted every month. But in ITR interest is charged u/s 234B & 234C for non payment of advance tax. How can I resolve this?
As Per Section 24(b) we can not avail interest deduction of under construction flat till construction is completed. but can we avail benefit of Principal Amount repaid as Section 80C doesnot have restriction in this regard for under construction flat?
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Agricultural income tax applicability