Sir,
It assessess all receipts and payments transactions through on bank online mode at the end of finical year all transactions after bank account closing balance rs:7 lacs
Question:
Assessess tax pay on bank account closing balance.

An Individual Assessee sells a residential property in 2020 and purchases a new residential property in the same year, thereby, claiming benefit u/s 54.

Now he sells the new residential property after 2 years but within 3 years, and plans to invest the entire proceeds in new residential property.

What will be tax implications ans whether exemption can be again claimed u/s 54?

We have Deducted TDS (ADVANCE) from One Party Rs. 5000.00 (u/s 94J) , Dt. 23/11/22 now party submitted his bill Rs .50000.00 Dated 20/01/2023

Our Question is
1) Can We show this Transaction 26Q Return in Q3,2022
2) If Yes then which date mention in Date of Payment/Credit ,Date of Deduction in 26Q Return

Dear Sir,

FILING TDS RETURN AND GOT ERROR "T-FV-4301 Invalid value under field 'section/collection code'." WHAT TO DO?

THANKS

sir,
A partnership firm professional income Gross receipts rs:12 lacs working two partners. gross receipts amount rs:12 lacs shared to two partners capital account (6 lacs +6lacs).but profit declared rs:50% 6 lacs profit transferred to partners capital account 3 lacs + 3 lacs.
Question:
Gross receipts vs profit difference amount show procedure partners capital accounts.

MY FRIEND HAS FILED HIS RETURN ON 30/7/2022 FOR AY 2022-23 BY PAYING SELF ASSESSMENT TAX OF RS.92000/- BUT BY MISTAKE THE PAN HAS MENTIONED WRONGLY WHICH WAS NOT NOTICED WHILE FILING IT RETURN. THE ASSESSMENT HAS BEEN COMPLETED RECENTLY WITH A DEMAND OF RS.92000/- WHILE VERIFYING THE CHALLAN STATUS IT WAS NOTICED THAT THE SELF-ASSESSMENT TAX WAS CREDITED TO SOME OTHER PAN(THERE WAS A INTERCHANGE OF ONE ALPHABET IN THE PAN).
MY QUERY IS HOW TO SOLVE THIS PROBLEM ? KINDLY GUIDE ME THE PROCEEDURE. THANKS

Sir,

Please solve my below query my one relative is working in Public Sector O she invested Rs. 36000 in LIC, Rs. 120000 in PPF, New Pension Scheme Rs. 73400 her contribution and employer contribution is Rs. 103440/- for New Pension scheme .
Kindly guide me what are the above deduction amount show in deduction section i.e Section 80 C, 8CCC, 80CCD(1) & 80CCD(1B) applicable for her

Thanks & Regards
sanjay

Namaskar,

For FY 2021-22:

- Return filed on 28-Jul-22 (before due date).
- Let-out house property loss 2,47,311.
- Automatic set off 2,00,000.
- Loss to be carried forward 47,311.
- In intimation, carry forward loss is showing 0.
- Raised an online rectification request yesterday to reprocess and it got reprocessed within minutes but even after that it is still 0.

As far as I know, I should be able to carry forward this loss. Am I not correct in my understanding? What should I do to get it corrected?

Thanking you in anticipation.

Foreign Company buys shares of an Indian Company from another foreign company. Whether the buyer foreign company has to obtain CA Certificate in Form 15CB & furnish details in Form 15CA while making remittance to the seller Foreign Company?

I AM DOING QUARTERLY TDS STATEMENT FOR 3rd QUARTER BY DOWNLOADING TDS RPU SOFTWARE VERSION 4.5 FROM TIN NSDL SIGHT. ABLE TO DO VALIDATION SUCCESSFULY GENERATING FVU FILE (TYPE OF FILE IS UENC FILE) BUT AT THE SAME TIME STATEMENT 27A IS NOT GENERATING AS IN EARLIER QUARTERS. ALSO LATEST JAVA UTILITY IS IN USE .
PL ADVICE. THANKS.