Here is the link to download TAN application acknowledgement letter if by any chance someone fails due to network issues. https://tin.tin.nsdl.com/tan/changemode.html

I AM AN INDIVIDUAL . I HAVE SALARY, RENTAL, CAPITAL GAIN AND INCOME FROM OTHER SOURCES WHICH ITR SHOULD I FILE

I have a speculation income from intraday trade of 5 lacs and speculation turnover in 575000 and my short term capital gain is 300000 then I should should what speculation income in ITR 3 , 500000 under no account case or presumptive u/s 44ADA @6% of 575000. Please guide me.

I stay in a house which is an ancestorial property of a lady. The house is on the name of her mother in-law (who is no more) and her husband is also no more. So technically no one ask the property ownership of the house you are taking on rent. So in this situation if I am staying on rent on that property whose PAN Card and paying rent to the lady, then whose PAN Card would be given for HRA Exception.

Suppose I have received a service worth ₹250,000 from a firm which is subject to TDS. Later, they issued a credit note for ₹150,000, but I have already paid the TDS amount. What should I do next?

Query:
One of my client has taken a mortgage loan against his property of Rs 1 crore for purchasing other property so my question is as now after taking loan he has decided to not invest in property and he wants to invest in mutual fund.

So my query is can he do so

Sir/Madam

In my case company deduct tds on salary on Rs. 4,50,000/- due to my pan card is in operative then after i linked my aadhar card with pan card. Can i will get tds deducted as refund after submitting my tax return for the fy-2023-24??

please suggest to me best idea so i can get refund fully.

thanks.

A Partnership Firm has claimed deduction u/s 80-IBA in Year 1 and has accordingly paid Alternate Minimum Tax @ 18.5% amounting to Rs. 3.5 Lakhs. Accordingly Rs. 3.5 Lakhs is the AMT Credit carried forward by the Firm.

In year 2, there are no deductions to be claimed. Firm had a normal business income of say 10 Lakhs on which Tax is payable Rs 3 Lakhs.

Can the Partnership Firm utilize entire AMT Credit b/f (i.e. 3.5 Lakhs) against tax liability of 3 Lakhs in Year 2 and pay 0 tax in Year 2 OR is the Firm required to pay AMT (i.e. 18.5% on 10 Lakhs) in year 2 also?

Sir,

Can you guide me that suppose my pan card is in operative and my salary is more than 3 lacs then company can deducted tds on Salary @ 20% or not to deduct tds??

If company not deduct tds on my salary and my pan card is in operative and i also not file i. tax return then i. tax department can take against on me??

Sir,
I have sold a Non-agricultural plot in November 2023 and purchased an under construction flat in February 2024. The said flat was registered in February 2024 for full value of consideration. However, since the flat is under construction, payment schedule is divided in to 3 parts – 30%-30%-40%.
1. First installment was paid at the time of flat registration from the long-term capital gain earned on sale of plot.
2. Second installment is likely to be due in August 2024 depending on progress of the building project and will also be paid from the long-term capital gain earned on sale of plot. The entire capital gain earned on sale of plot will be exhausted at this stage.
3. Third installment will be paid out of personal savings.

Request your guidance on below,
I have paid only part of the long-term Capital gain in first installment before July 31, 2024, that is before filling of income tax return, then do I need to transfer the balance long-term capital gain in capital gain scheme account or I can keep on holding these sums in existing bank account till demand is made by the builder, since the purchase transaction at full value of consideration was completed in February 2024 only.