Could you please explain the accounting treatment and tax computation for the sale of a fixed asset when there is no capital gain or loss?

a) What is Indexed Cost of Acquisition?
b) What is my Long Term Capital Gains?
c) How much should I invest in Capital Gains Account to Save Cap Gains Tax?
Thanks

Error description:
In schedule TDS 2 TDS section 194Q, 194C, 194R is selected, the income under which is not expected to be reported in ITR 2.
which ITR form to be filled the?

Sir,

Can you suggest me which ZiTR form application for following type of income in fy 2024-25.

> Contract income of Rs. 250000, Tds deducted u/s 194c
> Interest from saving bank account
> Interest on FD

Thanks,

Dear Sir/Madam,

I am URGENTLY writing to clarify a doubt/mistake regarding my previous ITRs filed.
So the case is that, I have been receiving a Pension of Rs. 36,315 since my Husband expired in 2017. The pension was actually bought by the ONGC (my Husband's former employer) through LIC. So, basically the pension is disbursed by the LIC, monthly. In 2017, a local C.A. filed the ITR and classified my Pension under the Family Pension Section (in Income from Other Sources) where I get a deduction of 1/3rd or Rs. 15,000. I recently read in a news article that the Pension received from an entity like LIC, SBI, etc. because of a Super-Annuity Policy is a Super Annuity Pension, and IS NOT a Family Pension. I also remember having a copy of the SuperAnnuity Policy sent to me by the LIC/ONGC.
So, is it correct that my previous ITRs are wrongly filed? Was the received Pension to be filled in the Salary Section with Rs. 50,000 or so Standard Deduction? If yes, is there a way I can appeal my previous ITRs and correct them? I also receive a pension of Rs. 1,300 from EPS-95.

Kindly clarify my doubts.

Thank You.

My cleint has constructed a shop used for business.
Int paid on loan nealry 20 lakhs
Can we capitalise that interest before and after construction??
Because if I show it as bus.exp, profit will zero
Then bank OD,loan purpose get difficult

Pls suggest

Is SEA GOING ALLOWANCE is in Exemption for Indian Armed forces defence personnel (INDIAN NAVY)??

How to register as representative assessee of my deceased father who died in October 2024 for filing his return for the financial year 2024-25. I do not have the legal heir certificate.

Hi Sirs
My wife stopped filing ITR from FY2021-22 due to no taxable income.
While she made a foreign travel last year(Oct 2024) the TCS is credited to her account by
the travel partner and visible in 26A.
Can she file ITR this year(FY24-25) for claiming the TCS paid?
Thanks for your kind help.

Rgds
PKumar

In case of Public Charitable Trust if the amount of accumulated Surplus not exceeding 15% is not mentioned in the ITR then assessing officer is suppose to allow on his own while computing total Assessed income???