Dear Sir,

I have a immovable property i.e., a land which was inherited to me after the death of my mother. I have sold it in to multiple parts & purchased only one flat whose cost is more than the sale consideration of all the properties sold. So, my query is whether I can claim the deduction u/s Sec. 54F in all the respective sold properties while showing it in the ITR as long term capital gain or the deduction is limited up to the sales consideration of one property only.

Self Occupied Property for which possession was given in March 22
For earlier FY from 15-16 to 20-21 interest and principal amounts were repaid on housing loan to HDFC Ltd
The interest was not considered since possession was not given

My question is whether in FY 21-22 year in which possession was given interest for earlier years can be considered as interest on pre construction period ? I can go back how many years and what will be quantum of deduction ?

I want to give my brother a loan via BANK TRANSFER ; can i give him a loan without charging any interest ; or can my brother take a loan from his wife without interest ;

Plus will i have to get a loan agreement made if the loan is given via BANK

And IF NOT ; than what is the minnimum to minnimum interest rate which should be charged from my brother for the loan me or his wife giving him...

Pls help

Thanxx

Sir,
I am employed with an NGO on salary basis & tds is deducted u/s192 for AY 2022-23.I have also travelled in india on official tour during the same AY for which expenses on Air travel,Lodging ,boarding & conveyance are reimbursed by the Director of NGO from his account , and TDS has been deducted on such reimbursement & deposited with govt u/s 194JB under his own TAN no. The Salary TDS TAN is different & as such this reimbursement is not reflected in my salary form 16.
Please clarify whether I can claim exemption u/s10(14)(ii) for such reimbursement, if yes then how to claim in ITR under which head.I have only interest income other than above & as such am I required to file ITR 1 or2? I tried claiming the reimbursement by first adding as income from other sources & claiming deduction u/10(14(ii) but the return does not go through as deduction u/s10 (14)ii) should be included under the head salary as per return.
Thanks.
Ashok

u/s 80CCD(2) (employer Cont. Rs. 73600/-) disallowed due to 7.50 lac limit adjusted in Employer Contribution to PF / Superannuation Fund.

What's the reason behind this.

Thanks in Advance

Mr. A sale scrap to Mr. B who use these scrap for manufacturing process and provide Form-27c to Mr. A. In these case Mr. A not liable to collect tcs under section 206CE then Mr. B (buyer) is liable to deduct tds under section 94Q if purchase from Mr. A is more than 50lakhs or not ?

Dear Sir,

I am employed in a company till Dec.'21. Company release my payment till Sept.'21 and rest three month salary is still pending for payment from their end. As per 26AS in my IT Portal, company reflect payment till Sept.'21. I ask the company through mail on such issue, but they never revert on it.
Kindly suggest that how we can file my IT return. Whether i consider payment upto Sept.'21 or upto Dec.'21.

Regards,
Dilip Baranwal

in form ITR3, while filling up P&L, I enter revenue from services as 100,000

A Sales/ Gross receipts of business (net of returns and refunds and duty or tax, if any)

ii Sale of services = 100,00

C Duties, taxes and cess received or receivable in respect of goods and services sold or supplied

iv Central Goods & Service Tax (CGST) - 9,000

v State Goods & Services Tax (SGST)- 9000

and it shows revenue as 118K it includes GST ( but GST is paid back to GOI

D Total Revenue from operations (Aiv + B +Cix) 4D = 118,000

so should I enter in the GST paid as under,

I enter in debits to P & L Account the taxes which I simply collected but paid back to Govt? as under

44 Rates or taxes, paid or payable to Government or any local body (excluding taxes on income)

v Central Goods & Service Tax (CGST) - 9,000

vi State Goods & Service Tax (SGST) - 9,000


previous year I had not filled up sec.44 and the IT assessment order I received is as I filled and doesn't include the GST I paid to the GOI.. ultimately, profit is more

what is the correct procedure?.

thanks in advance..

What if I bought a mac from dubai .
Can I ask exemption through depreciation in india
It is used for business purchase

Sir,
I am a partner in a partnershipfirm. The firm is getting rental income and interest on Fixed deposits kept in the name of the firm.The firm is not having any business income. I have been filing returns through ITR5 in all the previous years declaring the income through rent and interest on fixed deposits. This year( A.Y.2022-23), I have not been able to file the returns through ITR5 because of one issue: the ITR is asking me fill details in Balance sheet and profit and loss a/c in ITR5 form. This issue was not there in the ITR5 of the previous year/s. In the ITR5 of the previous year, there was no need to fill any details in Balance sheet and Profit and loss a/c and I was able to file the ITR5. This year, there is this issue. Kindly advise.
Thanks and Regards