Vinaykumarsetty Vuppala
12 June 2023 at 23:32

Error in validiation

error in validating
Business code u/s 44AD is to be selected for income declared u/s 44AD.
please help


TARIQUE RIZVI

Respected Sir

We had paid TDS as on 13-09-22 for the financial year 21-22 which is still on Traces Portal as excess credit refund of which is to be claimed. Please let me know what is the procedure for claiming refund of the said amount.
PLEASE GUIDE ME AND OBLIGE.


naveen
12 June 2023 at 18:24

HUF Income Taxability

Hello,

Whether HUF's Income without any child in HUF Family is clubbed in the hands of Karta?


Amit

Hi,

I have been filing ITR 4 since last 4-5 years as getting income under 194J/194JB.
In this year, my 26AS is having entries under 194JB and a minor (Rs.840 income) entry under 194D.

Can I still use ITR4 as I feel that is most related and I am comfortable with ?
If yes, where should I show this 194D income ?

Thanks for reading and replying.
Amit


SUDHEEP M
12 June 2023 at 16:11

Standard Deduction Under New Regimd

Sir,

As per the last budget, standard deduction was allowed to the assessee who has opted for new regime as well. I want to know, in order to claim the standard deduction of Rs. 50000, whether there was any condition as to the gross total income?. Can it be availed by all assess who was opted under the new regime?


bnsharma
12 June 2023 at 13:44

How to obtain noc from ito

How to obtain NOC From Income tax officer to furnish bank manager to withdraw the amount in capital gain amount


Sap_452

This year I have made around 1.8k short term gains and one intraday trade with a loss of Rs 7.95.Suppose this year I file ITR-3 with the intraday loss under Business Income head and Short Term gains under Capital gains head. Since I have intraday loss, I might have to do audit as well. But now suppose in the next year, I dont do any Intraday transaction and stick to short term/ long term gains, then I dont have any business income since I wont have any intraday trading and I will be reporting short term/ long term gains under Capital gains head.Then can I file ITR 2 in the next year since I wont have business income?Or will I have to stick to ITR 3?Basically what do I need to do now so that I can shift to ITR 2 in future?


AUDITORS EDAPPAL
12 June 2023 at 11:59

Issue regarding Income Tax Site

Whether there is any Issue in downloading TIS & AIS from Income Tax Site. While we are downloading it is always showing no details to download eventhough it contains details.


Kollipara Sundaraiah

Sir,
It assessess download 26as f.y.22-23
Sec 206cq dt:17-01-23 amount paid rs:137354/-
Name of collector:Lulu forex pvt ltd
Tcs deposit:6868/-
Question:
Assessess above 26as transaction show procedure in it returns and books and tcs amount claim allowed.


omnath

SIR
MR.A PRUCHAES OF LAND AS ON 1983. TOTAL 4500 Sq.fit. COST OF RS.11450/- HE SOLD THIS LAND AS ON 20.11.2022 RS 15,00,000/- 1800 SQ FIT . AND ANOTHER SALES OF 800 SQFIT AS ON 23.3NI2023 RS 5,90,,000.HE SPENT IMPROVMENT EXPENSES AS ON 10.1.1977 RS,45,000/- AND 16.12.2005 RS/. 85,000/- 10.1.2019 RS 65,000/- 6.09.20012 RS.77,000/-
MY QUERY IS
1)THE IMPORVMENT IS APPLICABLE IS WORKING LONG TERM CAPITAL TIME?
2) THE BALANCE 1900 SQ FIT HAS SOLD AS ON 15.5.2023.
3) AT TIME ANOTHR IMPROVMENT COST EXPENSES RS. 87000/- AS ON 18.09.2108. THE IS AMOUNT IS APPLICABLE WORKING ON CAPITAL GAIN FOR THE AASST-YEAR 2024-25
PL GUIDE OF THIS WORKING CAPITLA GAIN
THNAKS






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