Hi

Can anyone help me with the following queries?
1. Flat purchased on 1.5.1990 went into redevelopment in Jan 2022.

Will there be any Capital gain arising in the F.Y 2021-2022 where the flat was surrendered to the builder?

TIA

Dear sir/Madam,
I have one doubt regarding NPS Contribution by Employer.
In our company March'22 month salary's liability paid in Apr'22 month (Eg; Apr 5Th) . salary's will be credited to employees after deducting statutory liability's like PF, ESI, PT, TDS etc. At the time of computation of TDS on salary's NPS U/s 80CCD(2) will be considered sub to 10% of basic and deducted NPS will be paid to PRAN accounts also in April month. Here my doubt is whether deduction u/s 80CCD(2) is considered or not because NPS amount paid to PRAN account by employer is in the month of Apr'22 instead of Mar'22. Is There any time limit for the Employer to Contribute NPS to Employees PRAN accounts.


Thanks in advance,
Regards,
Bheema Reddy.

dear sir,
my self from vizag AP working in PSU as DGM. i am regular taxpayer.
IN AY 2017-18 i submitted return online for my colleague who is on sick bed.
I had given my phone number instead of his phone no and submitted return for AY 2017-18. Later on my friend DEAD and no source of income for him, my friends family left vizag and their where abouts are not known.AS i had given my phone no i am getting alerts from IT DEPT to submit returns and update aadhar etc. please clarify me

when coal sale to production unit, we will be not applying tcs on gst bill [tcs 1% on coal exempt mfg unit] we take FORM 27C From Production unit so where we can see on FORM 27EQ
(on 27EQ RETURN any column show not collecting TCS Summary)

Please replay hope early as possible
Thanks & Regards
Sirji

One godown was hired by our office on 1st April 2021 and paying monthly rent of Rs.30,000/-. 6(Six) brothers are owners of the Godown. 5 Brothers have given power of attorney to one brother for signing of the agreement and looks after the godown. Only One brother is receiving monthly godown rent in his bank account.

So, Annual Godown Rent is Rs.3,60,000/-

My question is that can we deduct TDS as per 194I i.e. 10% from the Godown Rent. One brother is receiving payments for income of six brothers

Sir
Can you kindly clarify whether the company engaged in stock broking services required to file form 61A for reporting of sale and purchase of securities. Will it come under reporting entity to file the same? Kindly clarify.

Those who have 80G (10AC) certificate can take the donation and donor will get the exemption u/s 80G. What donee has to do? Has he needs to file any return with donors details?

Dear Sir,
Very recently I am facing a problem while I want to register my sister-in-law as an individual tax payer in the e-filing portal of the Income Tax Department. The pin-code in the contact details page of the portal can't be typed in the space provided for. I cleared all the cache memory and the cookies, cleared browsing history and then tried number of times in google chrome incognito to register my sister-in-law as an individual tax payer. But, Sir, I can not type pin-code in the provided space in the contact details page of the e-filing portal of the ITD and therefore I can not register her as a tax payer.
I seek solution to this problem from you. Please help me to find a way out.
With thanks and best regards,
Kamalesh Guha

Dear Sir,

We procure some material and accounting for the same were made accordingly. After proper accounting we receive two credit note. One for short supply of material and 2nd one for discount on supply of material.
My query is that whether we will deduct TDS U/s 194Q on base value of Tax Invoice or base value after adjusting credit note.

Thanks in advance.

Hello,

If I buy a bond at a premium - 1100 (50- premium, 50- Accrued interest, FV-1000)
@15% coupon rate

At extinguishment/ maturity I get 1000 back with 150 Rs interest

Do I report 50 rs (1050-1000)as capital loss and 100Rs as interest income(150 received -50 accrued when I purchased)

OR

Do I report 100 Rs (1100-1000) as capital loss and 150 Rs as Interest income.

Thanks