DEAR SIR,

IS THERE SB INTEREST EXEMPTION UNDER NEW TAX REGIME. IF YES HOW MUCH INTEREST CAN BE DEDUTABLE

THANK YOU

REGARDS

Employer contribution to nps is not considered in form 16. Now to take deduction do I need to add it to salary first?

sir,
It assessess trading a jewellery business cash amount rs:10 lacs and jewellery value rs:15 lacs theft f.y.23-24
Question:
Assessess cash and jewellery theft value transactions show procedure in it returns and books.f.y. 23-24.

Hi Sir/Ma’am,

There is some incorrect information in AIS but it’s been 3 days and income tax site throws an error while submitting the feedback in AIS.

What can be done in this case?

Thank you

Hi,
This is to confirm Whether Euro Kids Franchise can File Income Tax Return under Sec.44AD Presumptive Income Scheme?
Brief Business Model is as Follows:
Student Pays the Fees Directly to Euro Kids Say Rs.100,Euro Kids deduct their Royalty and Taxes Say Rs.20 and Remit the Balance Say Rs.80 to the Franchise.
Can the Franchise go for Section 44AD under the Income Tax Act,1961 Presumptive Income Provisions?

Can we revise return after due date under old Tax Regime and New tax Regime Both ??

Kindly advise whether TDS applies to brokerage paid on commodity trading in MCX. If yes, what is the limit and rate of deduction? which section is applicable on the same

Do we need to show profit on sale of rural agricultural land in ITR.
If yes, where/ under which section?
Thanks in anticipation...

Client has a turnover of 1.25 crores (all transactions are digital).Whether he can opt for presumptive taxation without tax audit?

SIR, IN THE PRESENT CASE THE BUYER OF THE IMMOVEABLE PROPERTY PAID FULL AMOUNT OF SALES CONSIDERATION TO THE SELLER WITHOUT DEDUCTION OF TDS U/S 194 IA. TDS DUE IS RS.119000/-DURING JUNE,2023.
AT PRESENT THE SELLER OF THE PROPERTY HAS FILED THE INCOME TAX RETURN AND PAID THE CAPITAL GAINS TAX AND CESS RS.148536/-. WHETHER TAX PAID BY THE SELLER CAN SAFEGUARD THE BUYER FROM THE CONSEQUESNCES OF NON-DEDUCTION OF TAX . KINDLY GUIDE US THANK YOU SIR