ALTHOUGH AUDIT REPORT WAS FILED BEFORE 7.10.24, ITR FILED ON 15.10.24 ONLY WITH E VERIFICATION PENDING. NOW WE TRY TO E-VERIFY THE ITR THE PORTAL SHOWS ERROR SAYING DSC IS COMPULSORY IN THIS CASE FOR E VERIFICATION. IS IT CORRECT ?

I have already Filed ITR1 form AY 2024-25. Now i want to file ITR form for the AY 2023-24, is it possible?. It is required for Bank Loan Purpose.

Assesses owns one hotel premise, he has given that premises for use as hotel purpose to other person and he will charge 25% of gross receipt from that person as revenue sharing for use of hotel premises,

how it will be taxable 25% revenue from that person , owner want to take that revenue income in all family member name as owner of the premises is his father

Dear Sir,

I have a few queries regarding the eligibility for the 80EEA exemption:

1. What is the maximum property value to qualify for the 80EEA exemption?

2. The stamp duty value of the property must not exceed Rs. 45 lakhs. How can we calculate the stamp duty value of the property ?

3. The property value is around Rs. 1.50 crore. Does this affect eligibility ?

4. Is there any limit on the loan amount under Section 80EEA ?


Please clarify the above questions.

Thanks in advance!

Hello every one,

one of our foreign vendors want to file form 10F but they could not register in income tax without PAN. OTP is getting delivered to email but not on mobile no and both OTP is required for registration.

what is the solution ?
is there any helpline number or email id where we can get prompt response.

Hi All,

Last year I filed capital loss after due date. In this year by mistake I have updated that capital loss. I received Notice u/s 143(1)(a). I have accepted given adjustments by Income tax. But its been 2 month file is yet not processed.

In e-proceeding section there is no action pending from end? Is there any thing I can do to process my ITR?

IF WE FILE 29B AFTER 30 SEPTEMBER, WHAT ARE CONSEQUANCES OF THAT?

Hi Team,

I have filed updated return u/s 139(8a) for AY 22-23 in June 2023. Its been in under processing since Feb 2024 but not yet processed. Raised multiple complaints in income tax portal but was of no use. Does anyone also faced similar issue and how long it takes to process updated return?

Dear Expert,

Our company has organized annual event at one restaurant, where all employees will have meal, dance and party together.

Restaurant is charging amount around 5 Lakh.

So is this 5 Lakh amount liable for TDS deduction ?

Please guide.

Hi All,

An assessee owned two separate residential flats.
She sold both these flats during the previous year…i.e. one flat for 150 lakhs in April and other flat for 160 lakhs in August.
LTCG from these flats stood at 123 lakhs and 138 lakhs respectively.
She utilised the entire proceeds from sale of both flats for purchasing one new residential flat for 335 lakhs.
Can she avail exemption u/s 54 twice in the same assessment year ?
Will LTCG arising out of both flats be exempt u/s 54 for investment in the same new residential flat ? or does she have to buy 2 separate residential properties ?

Thanks & Regards
Niki