Under new Tax Regime, deduction U/S.80CCD(2) is allowed, if contribution is made by employer. What does it mean ? If my employer did not make any contribution, may I request my employer to contribute the same ? Whether this contribution amount will be deducted from my salary ?

Hello everyone,

AO passed order u/s 143(3) and raised demand of 5 lacs incl interest for AY 2013-14 and AY 2014-15.

Ay 2013-14 demand was adjusted against refund due and AY 2014-15 demand was collected by attaching the bank account.

both the years matter is pending in appeal with CIT(A) and client would like to settle the matter under VVSVS 2024.

While filing Form-1 (application) it asks for tax already paid and we need to mention BSR and challan no. what to write in this case since we do not have any challan ??

Do client need to pay the tax as per scheme and claim amt already paid/recovered by income tax as refund ???

Dear Sir
Priva te company directors are eligible for diviedend . If eligible what will be the tax for the dividend .
Thank you

I deducted TDS at 5% per month on behalf of landlord and deposited the same last month for the whole year. However today when i downloaded form 16C to be shared with my landlord, the TDS deducted is showing as only at 2%. How do i get this corrected to reflect the correct amount

What is the basic exemption limit below which there is no need to file an ITR?
A. 2.5L
B. 3L
C. 4L

Hi,

I am planning to sell my apartment in April'25. If sale deed execution and registration is done by 10th April 2025, for example, should I declare it in ITR for FY 2025-2026? or will it be in FY 2024-2025?

Dear Experts,

Property purchased in 2006 by assessee is now trfd as gift to his 2 sons. Will this gift result in capital gains if trfd to 2 sons without consideration?

Also when the son sells the property within 1 year , then the same will be treated as short term or long term?

What will be the cost for him for calculating capital gains? zero or cost to previous owner? If cost to previous owner , then cost of improvements done will also be considered?

Dear Sir
Our case is 2 buyers and 2 Sellers (both sides husband and wife with 50:50 share). Property value is 1.85 cr as per agreement.
While filling form 26QB, please confirm:-

1. Each Buyer will fill 2 forms 26QB in name of each seller...is it correct ?

2. If point no. 1 is correct, then while filling 2 forms 26QB by each buyer - what value should be mentioned in Total Sale Consideration column...is it 46.25 lac in each form considering total 4 forms to be filled (each buyer filling 2 forms in name of each seller) ? Or in all 4 forms, the Total Sale Consideration value needs to be filled as 1.85 cr ?

hiii!!! i earn profit from partnership firm as 20,68,562/- which is exempt in my hands. and my income form other sources is 1,20,500/-. please guide me whether i am liable to file income tax return.

Dear Sir My 80g is Rejected recently. How to Fresh apply in Form 10AC