I had recently sold a listed stock resulting in a long term capital gains. I already own one house and had entered into buying an apartment in 2014. I had made several instalments till 2019. However, the sale deed for the property was finally registered on 31st march 2022. Will I be able to claim deduction under section 54F of the act for the capital gains as the registration of sale deed happened within 1 year prior to the capital gains.

We have a private limited company. It delivers online courses to students in India and abroad.

Some of our teachers are college and university students who work part time with us. They usually work for some months and then switch jobs.

They work online and almost never come to the office. Their monthly payments range between ₹8000 to ₹15000 depending on weekly commitments of work-hours.

How much TDS should we be deducting?

Can these part time teachers be regarded as Technical Service providers and then deduct TDS at 2% or Contractors and then deduct TDS at 1%?

Or should they be treated as professional service providers and TDS to be deducted at 10%?

As most of them do not have income tax files, and the amount is really small, we wish to deduct as little TDS as possible to reduce complexity. Please advice.

Hi, Foreign exchange rate variation risk is applicable for Buyers credit and LC transaction? For cover exchange rate risk under buyers credit whether we have to go for additional risk cover mechanisms?

If assessment is pending or completed then assessee is not eligible for filing updated return.

If assessee received intimation having some demand then can it be said assessment is pending or completed and assessee is not eligible for filing updated return?

If assessee file updated return and disclose some additional income which are eligible for deduction under chapter VI A, can assessee claim it by disclosing additional income in updated return?

In Clause 44, Is all Expenditure Should be disclose including bank charges, fuel expenses and other cash expense. If YES, Where to disclose it? under the expenditure in respect of entities not registered under GST?

Please Clarify My doubt.

Vehicle Insurance, Repairing, Toll, Diesel, Parking Expense.
Current Vehicle Value Rs.0, As Depreciation was levied,since last 10 years
Can I continue to claim Expense related to Vehicle in Indirect Expenses.

194R SECTION


1. CAR GIVEN TO DISTRIBUTOR . WHETHER THE SAME IS INCOME IN THE HANDS OF DISTRIBUTOR AND WHETHER HE HAS TO PAY INCOME TAX WHILE FILING HIS ITR FOR THE FY 2022-23.

2. TRIP TO DUBAI FOR ACHEIVING SALES TARGETS. WHETHER TAXABLE IN HANDS OF DISTRIBUTOR AND IS TAXABLE WHILE FILING THE ITR BY DISTRIBUTOR FOR FY 2022-23.

PL GUIDE

DEAR SIR / MADAM

IF TCS ON SALES NOT MADE WHAT IS THE PENALTY OF TCS ON SALES
IF TDS ON PURCHASE NOT MADE WHAT IS THE PENALTY OF TDS ON PURCHASE IN INCOME TAX
PLEASE SUGGEST SIR

Dear All,

Can i avail benefit of new tax regime u/s 115BAC while I am declaring business income u/s 44AD?

Thanks
Nirmal

Hi

Kindly guide i have to file income tax returns for Ay 2020-21 and Ay 2021-22 under condonation of delay filing but when i am trying to raise a request on efiling portal for condonation of delay but unable to find and raise any request under condonation of delay button.so kindly guide how to raise condonation request for non filing of return for ay 2020-21 and 2021-22.I also prepared mannual application request mark to joint /principal commissioner .