ITD UTILITY NOT CONSIDERED REBATE ON SPECIAL RATE OF INCOME (111A SHORT TERM CAPITAL GAIN) SO AT THE TIME OF FILLING WHAT WE DO WE CONSIDERED ITD UTILITY AND PAID TAX WITHOUT TAKING THE BENEFIT OF REBATE

Hi Everyone,

In February 2024, I sold my property and used the proceeds to repay a loan taken by my company (CC limit), my company is Pvt Ltd. Given this specific scenario, I would like to understand if there are any deductions or exemptions available that could be applied to the capital gains arising from this sale.

Is it necessary that NPS contribution by employer need to be mention in offer letter or appraisal letter? or can this be by way of allocation of special allowance agreed between employer and employee time to time.

Partnership having turnover around 60 lakhs filing first time income tax return than is it compulsory to carry out audit if shows profit lower than 6% as per 44 AD ( as 44AB Limit is 1 crore)

or

Can we file return showing lower profit below 6% with profit and loss account and balance sheet assuming not opting for 44AD

I have received RSU form a foreign Company in 4 Installments during the year . Can I show them in single entry in schedule FA or I have to show them separately ??

sir, for 15 years term how much improvement cost percentage may acceptable ?

trying to find TR 4 business code for graphics artist. but not able to find.. business code 16019 not available anymore.. its become medical profession... I'm really confused. please help.

Sir in ITR-4,where to show SGB semi annual interest received in savings account??

Please assist with the below query and in detail if you can:

FY 22-23 (April 01 to 31 March)Indian reporting period for tax purpose my residential status was RNOR

For current filing FY 23-24 my status will be resident ordinary resident.

Since I hold foreign stocks I have to declare them while filing under FA schedule for foreign reporting period 01 Jan to 31 Dec 23(calendar year)

I recieved dividends and sold some shares between Jan 23 to Mar 23 while holding RNOR status. No tax was paid or reported as RNOR is not required to report.

My question is do I need to report the dividend and gross proceeds from sale for the above period while filing FA schedule this month.

If yes, how to claim exemption for dividend and capital gain.

Thank you

If a person has two house property. For one house property he has paid interest on borrowed loan of Rs.67000/-. The said house property is let out property against which he claims interest on home loan.
For second house property he has paid interest on home loan of Rs.408368/- which is self occupied. Whether this second house property can be declared as demeed to be letout property in order to carry forward the loss above limit of Rs.200000/-.