mamta kumbhat
This Query has 1 replies

This Query has 1 replies

if the capital gain is below Rs 1 lacs , Why is it getting adjusted in BFLA Amount is adjusted with previous year capital losses. There are capital losses carried forward of previous years being reflected in CFL. This amount is adjusted after clicking on compu set off . Please guide


Nikhil Sharma
This Query has 5 replies

This Query has 5 replies

12 July 2024 at 11:04

F&O loss with professional income

Dear experts,
In AY 2023-24, assessee had only professional income hence we had filed his ITR under 44ADA. But this Year In 2024-25 assessee has f&o Loss along with professional income.

However in f&o loss, filling balance sheet is mandatory, considering the f&o loss, pls let me know how to show his professional income in ITR-3.

Thanks


Kollipara Sundaraiah
This Query has 2 replies

This Query has 2 replies

12 July 2024 at 10:10

Amount tax applicable

Sir,
Assessess compensation received from govt for demolished a part of commercial building under road extension purpose
Question:
Assessess received amount tax applicable in it act


NITESH JAIN
This Query has 1 replies

This Query has 1 replies

12 July 2024 at 10:02

194IA TDS KE LIYE ITR1 LE YA ITR4

GADI RENT INCOME 194IA ME TDS KATA HE KIS HEAD ME INCOME SHOW KARE


Rahul Singh
This Query has 4 replies

This Query has 4 replies

Sir
I filed updated return on 27th Mar 2024 for AY2023-2024. If updated return becomesinvalid then last revised return processed by CPC will be valid or not. If not Can I file another updated return if it becomes invalid Thanks


Aditya Ghatge
This Query has 1 replies

This Query has 1 replies

Dear Sir,

One of my Assesses purchased Immovable Property. He is a Salaried Employee which ITR shall I File and is it mandatory to mention purchase of Immovable Property while ITR Filing. If yes then where shall I mention purchase of Immovable Property, kindly advice.

Warm Regards,
Aditya


Nilakantan
This Query has 4 replies

This Query has 4 replies

11 July 2024 at 18:03

Error message on verification

I am getting below error message though I have entered correctly. Can someone please assist?

'In schedule CG, at s.no. A2, 111A or 115AD(1)(b)(ii) can only appear once. Please enter total value.'





k chakraborty
This Query has 1 replies

This Query has 1 replies

partner received remuneration from partnership firm, but his total income is below threshold limit i.e below 250000, is it mandatory for him to file ITR


Ritesh
This Query has 4 replies

This Query has 4 replies

11 July 2024 at 15:59

Conveyance Allowance in ITR

Hello Sir,

My company is not showing Conveyance Allowance in CTC. They are giving all allowance in special allowance section.
Can I show Conveyance Allowance while filling ITR to get tax exemption under section 10 sub-section 14(ii) for RS 19200 (Conveyance Allowance)


Dipen
This Query has 3 replies

This Query has 3 replies

Dear Experts,

In one of the case where HUF is the proprietor , IT return was being filed under presumptive scheme by declaring 8% income of the turnover for 3 years. ITR 3 was filed since there was capital gain on shares as well and business income shown under presumptive scheme.

Now in 4th year , business is in losses. So in this case do I need to file ITR 3 with entire balance sheet and profit and loss? Also will it be subject to tax audit since loss?

Pls advice

Regards,






CCI Pro



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