We got the possession of an apartment in April 2017 and was rented out . The rent was accounted in my wife’s name and accordingly ITR filed , But later on 4/9/23 the apartment was Registered in My wife and my name jointly .
Now we propose to sell the apartment and if so which date has to be taken for assessing capital gains . Further how to account for the proceeds …in wife name alone or both names as mentioned in the sale deed .

Kindly advice

Hello All,

I own an Apartment which was registered yointly with my wife in october 2001 The sale deed shows only 3.85 Iakh — UDS only (guideline value 4.70 lakh) and the Total payment was 18 Iakh. I am a senior citizen and like to sell off this apartment and settle down in a temple town. have already purchased a 1BHK apartment in Joint names by using my Fixed deposits (25 lakh) —
registered in May 2023, and payment completed in October 2024.

we have found a buyer going for a bank loan and mostly the sale would be completed for 55 lakh in Mar—April 2026.

also would like to get expert opinions for

1.How to calculate the Long Term capital Gains and cost of indexation.
2. reducing the capital gains tax
3. process of showing these details in ITR and claim TDS on the sale.

Thanks in advance,

Respected experts, after registering as legal heir in income tax site, after loging from PAN in which mode/whose ITR should all above thing be mentioned/filed?
1. As legal heir ITR.
2. Self ITR

Hello

Getting the cited message though I havn't claimed deduction u/s 54F. How to resolve this ?
Pls help

After reading a few questions on tds under 195, I got a few questions, if anyone can kindly help me understand.

1. If I purchase courses from coursera for personal use. The invoice mentions their foreign address. Do I need to deduct TDS under section 195. I have also purchased a few courses from udemy but the invoices mention Haryana office.
2. As a part of the same question, do I need to deduct tds for payment to Netflix and prime video. Both of the invoice have the India address of Netflix and prime.
3. I have also booked travel air tickets from Agoda and few sites which also have their foreign addresses in the invoice. Do I need to deduct TDS in this case?
4. Also, as an individual, what should I check to know if I need to deduct TDS?

As an individual with no audit or anything, is there any scrutiny for these things

An individual & his spouse purchased a flat in joint names while they were employed and were resident in India. Thereafter they both went abroad and become subsequently NRIs. But flat in India is still lying closed and is not rented out and is in self possession only and they are not earning any rent etc as it is not let out . There is no loan and no interest liability . Hence following queries:-

1. Are they still required to fill schedule of " Income from House property " in their respective ITRs when income of house property is NIL. OR they are really not required to fill schedule at all , as there is only one property and is in self possession only. ?

2 Are both of them required to show same flat in their individual returns ( as there is only one flat ). as the flat is in their joint names as " co-owners " ,??

3. Is it compulsory to fill schedule of " Income of house property " even if there is one property and that too in self possession and with "NIL" income therefrom.???

4 Will there be any issue foreseen when they will sell this flat some time in future but are not filling schedule of " Income from House Property" of present years when they are still owners.????

Pls guide on above four points assuming that there is no loan interest to be paid .

I have payment due of rs 25000 since fy 2021-22, supplier is a trader of chips . Supplier fulfils criteria of msme . In this case do i need to make payment before31-3-2024.


And in case supplier has closed down business how can i make payment . To that msme if it is required to be paid

Good Day.
When a company buyback the unlisted shares, is it required to deduct any tds from the amount payable ?
I understand company has to pay tds for buyback but not clear if company is required to deduct any tds while paying to shareholders of such unlisted shares .
Please help with the correct position in this regard.
Thanks

Dear Experts,
1 A company is having the opening WDV for ups batteries as on 01-Apr-2023 say for Example Rs 1,00,000.00
2 During the current FY, it sold all of them for Rs 30,000.00 dated 31-Jan-2024
3 Now the calculation for depreciation to be considered for 12 monthly?
4 How the accounting treatment to be carried out.
5 Please confirm

IF PROPERTY PURCHASED FROM NRI AS ON 01/01/2024 AND TDS IS DEPOSITED AS ON 06/02/2024 IS THERE ANY INTEREST APPLICABLE IN SUCH CASE?
AND IF TDS RETURN OF FORM 27Q CAN BE FILED BEFORE THE END OF QUARTER 4 OF F.Y.2023-24?