Can a woman assessee who has long term capital gain on sale of residential property, jointly owned by her with her real brother and inherited from deceased father, invest the sales proceeds of sale of this property in new residential property purchased in the single name of her real brother and claim exemption under section 54 of Income Tax Act.
In the above case if the said woman assessee directly repays the housing loan taken by her real brother for purchase of new residential property purchased within one year prior to sale of residential property in question on with long term capital gain arises, will this further strengthen her claim for deduction under section 54 of income tax Act as direct link between capital gain and its investment in new residential house property can be established.

CA SUNIL KUMAR JAIN

Having sold my flat I have to pay 1 pct brokerage to my broker.
Do I have to deduct tax on this brokerage before issuing her a cheque or can I pay the whole amount to her?
She has said that all taxes and charges will be paid to the Govt by her firm.

After removal of the authorized banks from NSDL we are not able to download the TDS challan (CSI) file through NSDL OLTAS challan enquiry status for the months of July 2022 to September 2022 (TDS 2nd quarter). If it is the case, Please provide a solution to download challan CSI file as I have contacted the Income tax department, as per them challan csi files cannot be downloaded through the income tax site only challan pdf files are available on income tax portal.
Need it very urgently as the due date of filing TDS returns is on 31st October 2022.

Dear Sir, I have made Advance payment for the Professional Services & Bill received Later on. what is the Liability of TDS Deduction ? & what amount required to deduct TDS? Please, advice

Read more at: https://www.caclubindia.com/experts/tds-deduction-liability-in-case-of-advance-payment--2882824.asp

Respected Sir/ Madam
Please Guide
Partner of a firm having a Capital of Rs. 3,00,000 in the Firm resigns from the Firm. Full amount of his Capital in the Firm is paid to him vide cheque from the bank account of the Partnership Firm. The Partnership firm will be converted to a Proprietorship firm now onwards. What will be the tax implications. on the Retiring Partner pertaining to the transfer of Rs. 3,00,000.
Will It be Taxed
Under which head of Income will it be taxed

Also is the above arrangement for resignation from a partnership firm allowed.
Please guide
Thanks

Form 15CB filed and then withdrawn because of some changes. Now again want to file Form 15CB for same Remitter on same day. All the respective details filled but it is not allowing to preview the same and proceed further to file.
Can't we File more than one Form 15CB for same Remitter / Tax Payer?
How to file Form 15CB in this case?

Dear sir/Madam,
We have a doubt regarding finding of Trade name of Customer/Vendor/Pan based on TAN Number.
At the time of Reconciliation between books of accounts and form 26AS some of TDS/TCS amounts are reflected in form 26AS based on individual name and Tan Number . we are unable to find the vendor/customer name. In this case how to know Trade name of Vendor/Customer/ Pan number based on TAN Number.

Thanks in advance,
Regards,
K Bheema Reddy.

Hi My TDS deducted u/s 194D Do i need to upload full balance sheet at the time of filling ITR, I don't have any other income

Kindly advice

Assessee received notice u/s 147 of IT Act and after the closure of Assessment there was refund of Rs 440000/- . After that penalty proceedings was initiated for the aforsaid AY and they determined penalty for Rs 148000/- . Now i want to know whether this penalty will be automatically adjusted with the corresponding refund amount or penalty amount needs to be paid in cash.
Note: Assessment order determining refund was passed in Mar 2022 and refund is not yet issued
and penalty order was passed on 15.09.2022 asking to pay it within 30 days.

Dear Experts

In form 3CD, Chapter VIA deductions of assessee was not recorded due to clerical error.
However, at time of filing returns, it came to our notice that he has eligible VIA deductions u/s 80C. can assessee claim deduction under chapter VIA while filing return even if there is no reporting of the same in audit report 3CD? is there any chance of query or disallowance of deduction due to non reporting of the same in 3CD?
Kindly guide