This Query has 1 replies
Hello Sir, I have a question regarding ITR filling of Primary agriculture credit co op society as this societies are audited under maharashtra co operative societies act then what is due date for their ITR filling and tax audit is applicable to them or not and if applicable how their turnover calculated for tax audit purpose as profit loss statement include Interest as revenue.
This Query has 1 replies
Sir,
Assessess purchase of godown storing goods for value rs 2 crores
Question:
Assessess depreciation claim on Full value rs 2 crores or land cost separately
This Query has 2 replies
The period of holding to determine LTCG/ STCG is reduced to 24 months from 36 months in respect of Debt MF. In case of transfer made before 23 july 2024, what will be the period determining STCG/LTCG - 24 months or 36 months? The tax rates have also been changed for STCG/ LTCG . Will old rates apply to transfers effected prior to 23 july?
This Query has 2 replies
Flat purchased from builder
Date of Registration - Mar-2023,
Expected RERA date of possession - Dec-2025
While date of registration is Mar-2023, property is still under construction
Current Home Loan (before possession) has been taken to pay the builder
I plan to sell a residential plot say that materializes in Jan-2025 or Feb-2025
I have 2 queries :-
1. Can date of possession be considered for exemption on LTCG tax (as property though registered is not under my possession) for LTCG tax exemption of residential plot.
2. Can home loan principal payment will be considered for exemption on LTCG tax
Please advise
This Query has 5 replies
My banker has deducted TDS on cash withdrawal at 20% and filed the same under No PAN furnished case eventhough my PAN has been properly linked with my bank.
Now the bank branch says they raised a complaint on this to correct the issue and advised to file the ITR without reflecting TDS in 26AS and bank will provide necessary proof on further enquiry by income-tax.
Is that a good option to do so... please share your valuable advices.
This Query has 2 replies
ASSESSES HAVING A TURNOVER OF RS. 2.19 CRORE HAVING RECEIVED ALL PAYMENT VIA DIGITAL PAYMENT SYSTEM (LIKE RTGS , NEFT, UPI) WANTS TO FILE RETURN UNDER SECTION 44AD CONSIDERING REVISED LIMIT OF RS. 3CRORE ??
REVISED LIMIT IS APPLICABLE FOR A.Y. 2024-25??
IS IT POSSIBLE ??
This Query has 2 replies
In which schedule will the partner report salary profit and interest capital income in his income tax return form? And on what schedule will the show be held?
This Query has 1 replies
Sir,
MR.A land leased 25 years to Mr.B after Mr B land place construction godown few years sales of godown along with land to Mr.c
Question:
Above transaction tax applicable in it act.
This Query has 6 replies
Hi all
I filed itr 2 on 25 th july under new tax regime for which I got defective notice for not including all income. Later on August 9 I responded defective notice with old tax regime. As of now my itr didn't processed. Will there be any issue for change in regime.
I upload utility under old tax regime
This Query has 1 replies
SIR
ONE OF AOP TRUST FILED ASST-YEAR 2024-25 VIED I TR -5 WITH REFUND CLAIM .THE BANK A/C TYPE OF SB A/C. BUT THE IT SOFTWARE NOT ALLOWED FOR THE SB A/C . ONLY ALLOWED OF CURRENT A/C. ITS CORRECT THE TRUST REFUND CLAIM ON SB A/C LAST ASST -YEAR
THANKS
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Taxation of Co Operative Society