Hi,

I Have received agriculture land from my father as a gift.

But my father does not file IT return, even after can I avail exemption for this Gift ?

If Yes, Is this mandatory to show in my IT return that I have received exempt Gift ?

Hello Sir,
My mother has two seperate land purchased before 2001,Now want to sell the land .
(Tax planning)
land 1 sold on 20 lakh and LTCG 10 lakh
land 2 sold on 30 lakh and LTCG 20 lakh
(Scenario 1 : land 1's LTCG amount deposited on 54EC (CG BOND)
(Scenarion 2 : Land 2's enitre sales considertation amount deposited in CG account(BANK) and purchase new flat within 2 years(54F)
(Scenarion 3 : land 1 & Land 2 entire sales consideration amount deposited CG account (BANK) under 54F (1st purchased a new flat from CG account after 1 year again purchase new flat to utilise the unabsorbed CG(Bank)**
** Land 1 and land 2 Sale value 50 lakh (deposited in CG account) 1st flat purchase on 35 lakh after 1 year again new flat purchase to absorbe the amount

Can i do that?
Thanks,

I am an individual registered with AIRBNB for giving cooking classes in person for which fee is remitted to me on line against tds deduction u/s 194 O @1%. Can i file ITR 4 for fees received claiming benefit of section 44ADA under old regime? I have income from salary, interest & dividend beside the e commerce as above. Or shall i file ITR 1 showing full receipt.?

I have a brokerage account with a foreign broker.
I hold cash balance and foreign stocks with this broker.

Should I be filling both A2 and A3 of Schedule FA?

IS TDS APPLICABLE ON MOTIVATION SPEAKER PAID COURSE OR CLASSES ONLINE OR OFFLINE MODE.
IF YES - HOW MUCH TDS RATE?

IN THE PROCEEDING BETWEEN AO AND ASSESSEE FOR PROPERTY MATTER , ASSESSEE HAD REQUESTED AO TO CONSIDER VALUATION REPORT U/S 55A OF INCOME TAX.

HOWEVER AO ISSUED ASSESSMENT ORDER U/S 147 BEFORE 2 DAYS OF RECEIPT OF VALUATION REPORT SO, ORDER IS INCORRECT.

NOW CAN ASSESSEE RECTIFY ORDER U/S 154 OF INCOME TAX ?

Mr. A purchased a plot from person Mr B in Gurgaon through POA in 2021. Hence A paid 40 lakhs to B.
Mr. A then sells the plot to Mr. C through POA in 2023 in 60 lakhs. Since there is no Sale deed or registry happened, how capital gains for Mr A would be calculated, while filing his taxes?

Dear Sir/Madam
My client filed return having Speculative Loss And Short term gain , which was adjusted in Return suo moto by Dpt portal for AY 2021-22, He also had un claimed B/F Capital loss , Now they seek clarification on the amount adjusted , as they consider that it could not be adjusted making STCG consider in income , There is no provision in portal to explain them , that if they seek speculative loss not adjusted against capital gain of CY ,then so called STCG should be adjusted agst b/f capital losses

How should i put matter to Dpt

Thanks n Advance
Yashesh

Former-A, Commission Agent-B, Rice Miller -C
Former -"A"-brought its paddy crop in the grain market for sale in auction at commission agent shop -"B". Rice miller-" C" purchased the former paddy from commission agent Shop -"B" in open auction. The commission agent raised the Form " J " to former and form " I" to the rice miller by charging its commission. The commission Agent never shows the Purchase & Sale of paddy in his books . He play the rule of commission agent only in these transition. Rice miller make the payment to commission agent and further commission agent make the payment to former. Now my question is that -The rice miller is liable to deducted the TDS u/s 194 Q from the commission Agent . on the other hand , The Commission agent says it not my purchase & sale, I have play the commission agent role to sale the former crop. please advice.

Hello, I’d bought a residential property in FY 2022-23. Had submitted 1% TDS as well. Do I need to do anything else while filling my ITR?
This property has been lying vacant, and also, there wasn’t any home loan involved, so not claiming any tax deduction while filling ITR.
Basically, do I need to do anything else here with regards to ITR?
Thanks.