Suresh S. Tejwani
This Query has 2 replies

This Query has 2 replies

03 February 2025 at 12:52

Regarding Return under section 148

if we file return under section 148 for assessment proceeding under section 147 then such return under section 148 can be revised again?


C.H.TRIVEDI
This Query has 2 replies

This Query has 2 replies

03 February 2025 at 12:00

Tdsreturncorrection

When I have tried to file correction statement it was rejected due to Line No 2 - Invalid Previous RRR Number.I have mentioned previous quater RRR nubner


Rajat Sharma
This Query has 67 replies

This Query has 67 replies

03 February 2025 at 11:13

USE THE BANK ACCOUNT OF WIFE

Respected Sir, With due respect assessee want to know that the assessee is the holder of credit card and filed her income tax return under section 44AD and the case of the assessee has been opened on accoount of transaction made through credit card.Sir from the record it is found that more than 50% of total credit card deposit has been used by the husband of the assesse, who is also an filed his income tax return under seccton 44AD That the gross receipt of the husband is more than 30 lac. That the gross transacton is about 24 lac.Sir, all the trnsaction deposit in the case husband of the assesse made by swap credit card i.e. online, but the husband of the assessee has been return the said amount in the shape of cash. Sir, I requested that please guide me can the husband of the assessee used the credit card of his wife and deposited the cash in the credit card account in the mode of cash and oblige. Thanking you.


Sangeeta Jakhar
This Query has 1 replies

This Query has 1 replies

Please share Excel Tax calculator for salaried govt. Employees for AY 205-26,FY 2024-25.


Mahesh Shah
This Query has 5 replies

This Query has 5 replies

02 February 2025 at 16:24

Deemed rent on house property

1) What will be deemed rental value of house property if --
a) House is in remote village and is unfit to reside in and due to remote area there is no value of rent ( rent value is nil) as nobody is ready to take house on rent
How to convience income tax authority that deemed rent is nil??
Kindly guide
Thanks


raghavendra b
This Query has 3 replies

This Query has 3 replies

DEAR SIR,

ONE OF MY CLIENT PURCHASED A RESIDENTIAL HOUSE IN THE YEAR 2023-2024 COST OF RS.9,00,000/-, HE HAS SOLD THE PROPERTY COST OF RS.15,00,000/- IN THE YEAR OF 2024-2025, AND ALSO HE HAS PURCHASED AN AGRICULTURAL LAND OF COST OF RS.15,00,000/-.

NOW MY CLIENT AVAIL THE CAPITAL GAIN EXEMPTION BENEFITS OF U/S 54

THANK YOU


pkkapoor
This Query has 3 replies

This Query has 3 replies

An Indian working & paying Income Tax in Singapore for last two years but visits India for more than 60 days then he becomes a Resident for IT purposes.

1. What is the significance of 60 days rule?
2. What would be benefit/disadvantage if he visit less or more than 60 days?


srinivas
This Query has 1 replies

This Query has 1 replies

01 February 2025 at 23:46

Sale of property

We are four siblings and planning yo sell a plot along with three shops built on it in a town in karnataka. How do we show the income recd as a part of my share in my tax return and do I need to pay any income tax on the amount received. If I opt not to take any amount from the sale proceeds ,do I still have to pay any tax on my share in the proceeds as I willbe signing in the sale deed even if i dont accept the amount .also let me know which will be less costly and less cumbersome to execute a gift deed or relinqishment deedfor my share in favour of any other sibling .


binu sukumaran
This Query has 2 replies

This Query has 2 replies

01 February 2025 at 23:20

ITR On previous year notification

Dear sir.
I got below below details by email and SmS
"Dear EIXXXXXXXH, An opportunity to file your updated ITR under section 139(8A) for A.Y.2022-23 upto 31-Mar-25. File your ITR-U on e-Filing portal today. -ITDept"
During year I let's from company and doing part time work during year my annual
income is below 1 lakh. I have no other income during period and using old saving fund for living.
I may be start business in next year.
Let's me know .
1.wheter I need to file return
2.if there is interest or fine have to pay.
Please advise
Binu


Nutan Mali
This Query has 1 replies

This Query has 1 replies

01 February 2025 at 21:55

UPDATED RETURN EMAIL FOR 2022-23

RECEIVEING EMAIL REGARDING UPDATING RETURN FOR 2022-23 FROM INCOME TAX DEPARTMENT. WHY INCOME TAX DEPARTMENT SEND THIS EMAIL






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