Delivery,
Future and Options,
Intraday and
Equity.
and
CTT rate also

Agricultural Property was converted in to Non Agricultural Plots and sold piece meal plots to different buyers
In FY 23-24 out of total some part was sold and balance remains as stock
Cost of Property value Rs.1.34CR
Property value at the time of N.A Rs.1.96 CR for 12181 sq Feet
Sale value as per agreements Rs.61 L for 1812 sq feet

In the above case my question is
1) How to show this in income tax return and how much will be capital gains and business profit if both are attracted.
2) What sale amount to be shown in capital gains schedule
3) What amount and how to be shown under business profits

Due to mistake in Interest Calculation in Return CPC GENERATE Refund and Income Tax return was invalidated

The property was sold by asessee during the current year FY 2024-25 after selling the property assessee died during 3 months. to take benefit of exemption u/s 54 in whose name investment is to be made in another house and also how to file the IT return for AY 2025-26.

We have taken service of antivirus software for the period one year for our main computer server.
Is tds applicable, if yes which section whether 194 C or 194 J professional / royalty or technical.

Please advice

Caselaws of income tax for the concept of mutuality

Dear Sir,
Please advice the above transaction-Surcharge Rate
case Summary: -
Mr. X (Individual) Purchased a property in India date 30.04.2024 from NRI of Rs. 12 Crores.
NRI profit- Long term capital gain on Property Sale of Rs. 8 Crores Approx.
Then NRI submit the request to AO for LDC as per his Tax calculation, he takes benefit of cost indexation of the property sale in the tax calculation.
AO verified the Tax calculation and LDC issued to NRI for his Long-term capital gain (Property sales) as per below mention Tax rate.
20% TDS +Plus Surcharge extra
So, Mr. X Individual need to deduct TDS u/s 195 under the head Long term capital gain (Property Sale) as per LDC received
TDS 20% +15% Surcharge and Form 26QB filed properly.
Traces raised demand related to Surcharge rate short 25% demand but deduct 15% by us.
So, What is the Correct Surcharge rate applicable on the above transaction.

Dear Sir,
I am an nri having a FCNR DEPOSIT with INDUSIND BANK. I do not stay in India , but do visit India for short periods of 90 days or 120 days . My status regd with income tax is NON RESIDENT.
Unfortunately Indusind made a report to I .tax SFT-011 that a matured proceeds of FCNR DEPOSIT in us dollar
was remitted overseas. Indusind Bank falsely declared Rs 85 lakhs in the SFT -011 report. Can I sue the Bank for false inaccurate sft reporting for non resident Indian ?
My question is ...Do Banks have to declare SFT reports for FCNR DEposits overseas matured funds remitted in usdollar ??
request please answer my email id arjunmahtani@gmail.com THANKS

An individual would be resident in India if he stays for 182 days or more in India during the previous year or if he stays for 60 days during the previous year and 365 days in the 4 years preceding previous year. If an individual fails to satisfy the above conditions, he will be considered as a non-resident in India

In the above context, what would be tax liability in the following case-
- a Indian person working outside India
- having foreign income of Rs 1 crore or above
- pays income tax in that foreign country and
- income in India is less than Rs 5 lakh
- and visits India for about 80 days during PY 2024-25 and more than 365 days in the last four PYs.

What would be the tax liability?

Resolved and deleted.