IF WE FILE AN APPEAL AGAINST ORDER ISSUED UNDER SECTION 154, FOR PARTIAL ALLOW OF TDS AND LIABILITY TO PAY DEMAND IS MORE THAN 1,50,000 THEN IT IS MANDATORY TO PAY 20% OF DEMAND ISSUED UNDER SUCH RECTIFICATION ORDER?

Hi,

I had bought a RHP1 on 04/01/2024 (FY 23-24) for 50 lakhs. I have sold a RHP2 on 10/11/2024 (FY 24-25) and computed a capital gain of 45 lakhs.
1. Can I take exemption u/s 54 by showing the capital gain of 45 lakhs in RHP1?
2. Any particular details to be mentioned in ITR of FY 24-25?

Thank in Advance.

Sir,
Please advise. My son is an NRI for last 9 years. When he was in India, he was filing ITR. Now he has no income of any kind in India. Is it compulsory now to file nil tax returns in India, as he has not filing any return. Thanks for early reply.
He is holding Indian passport

I had bought a Pre-const house for 55lac and paid Stamp duty on 55lac during registration.
I made 54,00,00 payments in installments and now making the last installment of 1 lac

On the 26QB form

Total Value of Consideration (Property Value) -₹55,00,000
Payment type*-Installment
Whether it is last installment ?*-Yes
Whether stamp duty value is higher than sale consideration ?* - Dont know what to choose
Total amount paid/ credited in previous installments, if any (A) * ₹54,00,000
Amount paid/credited currently (B) *-₹1,00,000
Total stamp duty value of the property (C) *₹55,00,000

Now under
Tax Deposit Details, I am getting
Amount on which TDS to be deducted (D)*₹55,00,000, which looks wrong.

Should this not be the amount currently paid ₹1,00,000. What am I doing wrong?

Note*I was suggested in the forum to enter ₹1,00,000 in box (C), but it still calculates the total amount of ₹55,00,000 in (D)

Hi
I want to cancel my TAN number which is no more use
please share the process is it online or offline process?

ASSESSEE, IS NON-RESIDENT WANTS TO TRANSFER AMOUNT OF FIXED DEPOSIT IN INDIA TO FOREIGN COUNTRY, SO 15CA PART-D MAINTANCE OF HOUSEHOLD EXPENSES. IN THIS CASE, PROVISON OF SECTION 195 OR ANY OTHER PROVISION WILL BE APPLICABLE IN THIS REGARDS.

Sir,
We are not able to track the payments whether made within the dates specified under MSME ACT with regard to the newly inserted section.So how we can disclose the same in the tax audit report for the year

Can interest income from FDs and government bonds be offset against carried forward losses on trading in equity derivatives?

under income tax belated return filed ,
whether can be revised or Loss can be carried forward.

is rebate of income tax available for individual
under New regime and old regime for FY 2024-25
what is l;init under both the regime.