I own 3 flats in chennai. I am selling a flat and buying a new flat. Can I claim LTCG exemption u/s54F....
I understand that 54f cannot be available if the assesse owns more than 1 house...

Should the flat which I am selling be included for determining the houses owned or it should be excluded...

Pl clarify.

Can you please upload details of Section 194R?

Hello,

If we declare income under 44ADA, then what will be offical income i.e actual income or presumptive declared income??

Then what will be the official income? White income...

Example:- credit received 10 lakhs

Declared u/s 44ADA 50% i e 5 lakhs


So what is the official income for investment purpose?

Actual income is 10 lakhs declared in IT 5 lakhs

when TDS to be deducted under section 194R.
what is criteria to deduct TDS.

Dear Sir,

One of my client is into e-commerce business and his tds gets deducted under Section 194C and 194O. Can I file is return under Section 44AD. His turnover is Rs. 5 lacs in FY 2021-22.

Please help me in this matter.

Regards,
Divyesh Jain

Sir,

Please solve my below query for ITR 2 FY 2021-22

Sir, my mother is paralysis patient and she is above 60 years. i have spent Rs. 25000/- for her treatment during the financial year 2021-22 out of Rs. 25000/- Rs. 16000/- spent for medical exp and balance amount spent for check etc.
Rs. 16000/- medical exp paid through debit card & phone pay & balance amount paid for cash.

Kindly guide me which section under shall i deduct the medical exp and how much ? while filing ITR 2 FY 2021-22

Thanks & Regards.

I am running a medical lab. For the expansion purpose, i have jointly operate medical lab with some other parties who are dealing pharma business(medical store) on r revenue share basis. Medical store provide some area of their building to us and we collect swab from there. As per our agreement we are liable to 20% of gross revenue to party. In this scenario, what section of TDS applicable.

A client sells site to a pvt limited company and received its shares. No cash received. What are the tax implications.
Can the experts throw light on the tax payable?

Premium amount exceeds 10% of sum assured.

But, premium @ 10% claimed u/s 80C for past years.

Whether total amount received on maturity taxable or only accretion amount taxable?

Please suggest any tax planning in this regard.

Respected Sir,

Last year we had filed ITR-5 for the year ending March 21 joson of which we have opened in excel utility of ITR-5 for the year ending March 22 so that most of the data should reflect automatically. Can it create some issue in ITR filing?

Thanking you in anticipation,

YOURS TARIQUE RIZVI
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