Query

Can I claim HRA and House loan interest both

I live in Delhi on a rental property and my family in Rajasthan in own house

Rajasthan property registered on my wife name but home loan paid by me and my name is also given by bank on annual interest statement.

Ay 21-22, Ay 22-23 Both return filled timely but not verified till the date, so i want to file ITR U For both
So, my question is while the filling itr u ,we have to choose previously return filled and need to enter Acknowledgement Number and all Or Select No Return filled earlier ?

Because If a filed ITR is not verified, then your income tax return will not be treated as a valid return by the income tax department.

I have left my job last year march 2023 after working in that Company for 9 years . I got a Gratuity of Rs.9,13,600/- . During IT return filing for 2022-23 income , I have put this in exception section 10 (10) as shown in my form-16. But during filing it is not accepting and showing as error. Also E-filing site recommends that Maximum limit is 20 lacs and put this as 20 lacs. But my actual received gratuity only 9.13 lacs , how I can show 20 lacs in section 10(10).

Hi Experts,
If I have a dividend income of $30.70 and US IRS withholds $7.68 and finally I get $23.02 as the dividend cash.
Should I show $23.02 or $30.70 as dividend income on foreign stock ?

Respected Sirs,

We have two storeyies building having a builtup area of 5000 sq ft. A builder has taken over the full riots of the building for developing purpose and has given us some money in advance and later some more shall be paid to us with some alternate space area and few flats and shops etc.
I would like to know that the initial amount paid to us in advance shall be entered as in which account. Will it attract capital gain tax? Or capita gain tax shall be payable after taking the possession of the alternate space, flats and shops etc

Hi Sir/Ma'am,

I am filling my ITR and I am unable to find the category under Schedule VIA in which I should declare my ELSS and Provident Fund.

How to do it?

Dear sir,
one of my client retired from private company . She has more than 10 year if service.
His portion of contribution going to pension fund also. She may get around 2 lakhs.
PAN card is updated in PF Account. if there is any tds deduction from she account?.
She has not plan go other company also. she has no other sources during 23-24.
whether need to file IT return for the year 23-24
Please advise

WETHER ACCOUNTING EXPENCE PAID TO ACCOUNTANT IS LAIBLE UNDER WITCH TDS SECTION ?

We are trader and rental printer provider . In case of rental we issue bill monthly basis, we wish to know how to make entry of free supply in rental customer. Because free supply item is expenses for us, how to show entry in p/l.

A) What would be the Cost of Acquisition (COA) u/s 112A for the resulting company shares in a demerger which was approved and executed after 1st April 2018, when the demerged company shares were bought before 31st January 2018.

B) Further how will the COA be calculated for the demerged company shares when sold later than 1st April 2018.

Example: Kkalpana industries shares (say Qty 100) were bought on 27th March 2017 for Rs. 31.69. The company got demerged and Ddev Plastiks shares of equal quantity (Qty 100) were issued and listed on the stock exchange on 26th July 2022. The original quantity of shares in Kkalpana industries remained the same (Qty 100) even after the demerger. Fair Market Value (FMV) of Kkalpana industries (demerged company) was Rs. 41.45 as on 31st January 2018. DDev Plastik shares (resulting company) were sold on 5th January 2023 for Rs. 91.56.