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SRIKANTA
This Query has 2 replies

This Query has 2 replies

14 August 2024 at 09:49

80C Deduction On Postal 5 Year RD

Sir Post office 5 year rd comes under 80c or not


MATTA CHANDRA SEKHAR
This Query has 5 replies

This Query has 5 replies

13 August 2024 at 19:20

Income Tax 123

1. ITR return filed without claiming the 80D in original return.
2. 80D claimed and filed revised return with refund.
3. I received No Tax due intimation from Department.

How to claim my refund please resolve the issue and thanks in advance.


Shrikant Savant
This Query has 2 replies

This Query has 2 replies

13 August 2024 at 18:24

ITR refund issue

Sir, There is a quarry in respect of my IT Return filed that:=
"ADD / VIEW AUTHORISED REPRESENTATIVE (AR) ".
Exactly what they want? How to reply the quarry?
For want of this information they have not paid refund amount till date.
Please guide.
Thanks in advance , Sir.


Rasheed Mohd Abdulpro badge
This Query has 6 replies

This Query has 6 replies

13 August 2024 at 16:07

C Gain Tax

Sir,
I have invested around Rs.16 lakhs towards interiors/furnishing/electronics and electricals in the year 2016 on my flat that I have purchased as raw flat.
Sale deed executed is Rs.42 lacs.
My query is:
1]Can I add inetriors value Rs. 16 lakhs as cost of the flat while computing capital gains tax with or without indexation benefit?


Mohit
This Query has 1 replies

This Query has 1 replies

13 August 2024 at 13:45

Section 41(1) v/s 68/69

If the sundry creditors (old carried forward from previous years in AUDIT REPORT) are added back to income during the survey and offered to income under PGBP and IFOS for AY 2018-19 (the year of the survey). What will be the section of inclusion will it be under 41(1) or 68/69 of income tax.


Mahesh S M
This Query has 1 replies

This Query has 1 replies

13 August 2024 at 12:01

TDS return processed with defaults

The TDS return was processed with defaults due to the PAN of one of the deductees being listed as inoperative. However, the PAN was operative at the time of filing the return and is still operative now. What could be the reason for this issue, and what is the solution?


Subham Agrawal
This Query has 9 replies

This Query has 9 replies

13 August 2024 at 11:40

Defective Return ITR-4

You have filed your income-tax return in form ITR-4. As per TDS details in your Form 26AS, taxes have been deducted under sections 194IA/194IC/194S/194B/194BB/194BA, etc. of the Income-tax Act, 1961. These sections are reflected as (4IA/4IC/94S/94B/4BB/4BA) in Form 26AS. These sections imply heads of income for which form no. ITR-4 is not the appropriate form.

TDS is deducted under section 194I(a) for rent of plant & machinery. I have shown this income under the head INCOME FROM OTHER SOURCES. I am also showing rent from leasing good carriages under section 44AE and hence ITR-4 was being filed.


Satish Mehra
This Query has 1 replies

This Query has 1 replies

13 August 2024 at 11:28

Section 68/69 vs 41(1)

If the sundry creditors (old carried forward from previous years in AUDIT REPORT) are added back to income during the survey and offered to income under PGBP and IFOS for AY 2018-19 (the year of the survey). What will be the section of inclusion will it be under 41(1) or 68/69 of income tax.


Kollipara Sundaraiah
This Query has 1 replies

This Query has 1 replies

Sir,
Assessess owns a jewellery business shop maintained shop purchase value rs 25 lacs year 2015 .but government assessess shop occupied after demolished for the purpose of road extension purpose f.y.23-24
Question:
Assessess capital gain tax applicable and how to calculate procedure


Pranav
This Query has 4 replies

This Query has 4 replies

12 August 2024 at 19:15

Section 54F on inherited property

Respected Everyone,

My mother had a residential house, and she passed away in 2014. The house got transferred to 3 people (my father, me and my brother). I dont pay any electricity bills here. I purchased an apartment in 2022, and I bought it with my father, me and my wife. Here the electricity bill is on my name and I pay the bills. Now I want to sell shares and buy another small apartment. Can I claim LTCG using section 54F?






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