Dear Sir / Madam,

My query is related to claiming losses & revised return.

Mr A has filed ITR for FY 2020-21 within due date; however, he was not able to show loss on sale of property as some papers were not readily available. However he then filed the revised return in March 2021 and showed this sale of property transaction and showed the loss.

Can he carry forward this loss in the ITR of FY 2021-22?
Kindly Guide.

Regards,
Suraj

Sirs

Kindly advice the due date for deposit of TDS on salary & other than salary for the month of March22.

Whether we have to deposit on 7th of April and balance of TDS on 30th April or straight away we can deposit the total due on 30th April for both salary & other than salary.

Thanks.

I am Karta of HUF (Me , My wife and Daughter). Recently we have sold our old flat and Invested into new flat.

Both Flats are owned jointly by My wife and me.
I paid my contribution to new flat using Capital gains from Old property And balance money using home loan.
If I can transfer Balance amount (apart from capital gains) received from sale of old property to HUF account ?
Will there be any Tax liability to me as Karta or Individual ?

I intend to avail a personal loan and utilise the same for my daughter’s overseas education. Can I claim the interest paid on the loan as a deduction from my income under income tax

If P&L A/c & B/s is prepared & having NP ratio say 12% ; then can we file ITR 4 i.e. presumptive income by declaring profit at 12%& that PL n BS can be submitted to the bank for loan purpose. ?? or we have to file ITR 3 only & cannot file ITR 4 ??

farmer sold his agricultural produce through kacha artia in May,2019 J form amounting to 5.00 Lakhs
and then in Oct.2019 J Form amounting to Rs.7.25 Lakhs. My Query in view of section 269ST are:-

1.Can he take all payment in cash of his sale of agricultural produce (both J Forms)

2.If not Can be take 1.95 Lakhs against each J-Form in Cash and balance by account payee cheque

Dear Sir
I am an employee and my employer is giving conveyance reimbursement to me max up to Rs.5000.
Can I get the deduction for this on giving petrol bills to my Employer?

A person who involved in share transactions. He had in his account Trade, Derivative & Delivery transactions. I want to know whether section 44AD is applicable to Trade & Derivative transactions. What is the turnover is to be taken. Whether 6% income under 44AD is applicable for for both cases.

Can we utilize the capital gains arising from sale of 2 plots (Land) for demolition of existing old house and construction of new house. No new house or land purchased in this case
Note:
One Plot to be sold is in the name of husband and another plot is in joint holding (husband and wife)
House property to be Demolished and constructed is in the name of husband

Please clarify

HOW TO PASS THE JOURNAL IN TALLY FOR Section 143(1)(a): Communication of Proposed Adjustment