Keyur
This Query has 4 replies

This Query has 4 replies

Sir/Madam

Request to clarify me whether income received from above subjected is taxable or not ??
if yes then under which head??


Sanjay
This Query has 3 replies

This Query has 3 replies

Sir,

I have below query :

I am salaried income along with Short & Capital Gain for the FY2023-24
1) Income earned from Salary is Rs. 412029/- deduction is Rs. 13142 HRA , Rs. 2400 Professional Tax, Rs 50000/- Standard deduction.
2) Interest from FD is Rs. 33640/- and dividend for share Rs. 11906/- 3) Deduction under section is Rs. 150000/-
4) i have earned short term profit is Rs. 28406/- and Long term profit is Rs. 124955/-

Please guide me whether i am taxable for capital gain i.,e short term amount of Rs. 28406 and long term Rs. 24955 after exemption Rs. 1 lakhs
but my total income is below 5 lakhs (including salary, interest on FD, capital gain) after deduction .

Thanks & Regards


Suresh S. Tejwani online
This Query has 1 replies

This Query has 1 replies

What amount should we declare in Table No. 3 of Schedule Foreign Asset. i.e. in INR or Dollar?


SIDDHARTH MAHESHKUMAR SHAH
This Query has 3 replies

This Query has 3 replies

26 June 2024 at 13:56

Section 10IEA

What does Section 10IEA describe.
Who has to file Form 10IEA.


Gaurav
This Query has 1 replies

This Query has 1 replies

Hello Members,

The client's building went into redevelopment and he got a new flat from the builder.
Now he has sold off his flat.
For Capital Gain Purpose what will be the Cost of Acquisition of the Flat.
Shall we consider the Original Cost of his acquisition as the cost of new flat or will it be the Cost of new flat at the time of getting possession in the redeveloped building.
He has not paid any Capital Gain tax earlier at the time of handing over possession to builder and will be filing his return for the first time.


Kollipara Sundaraiah
This Query has 1 replies

This Query has 1 replies

Sir,
It assessess some equity shares transaction details mentioned below
Ab capital buying value rs:14810 selling value rs:15350 profit rs:540 zerodha share transaction
Question:
Above share transaction zerodha account treatment and short term capital gain treatment in it act.


venkatesh
This Query has 4 replies

This Query has 4 replies

Sir, My wife is under zero tax bracket(earns Rs.2.7 lakh per annum) and if she redeems equity mutual funds invested for more than a year and profits crossing 1 lakh, TDS of 10% is deducted. Query is as she is in Zero tax bracket, can she get the deducted TDS refunded on filing IT returns.


Guest
This Query has 4 replies

This Query has 4 replies

25 June 2024 at 19:27

Tax on EPF/EPS Withdrawal

I was in service in private company for ~8 years.
I resigned and was unemployed for 2 months.
That made me eligible to withdraw EPF/EPS. (My age < 45)

I used Form 10C and Form 19 to withdraw all the amount. I think one of the form was for EPF and other for EPS(?).

Is any of the amount that I withdrew taxable? Or is everything tax exempt?
There was no TDS deduction on withdrawal.


ABHI KUMAR
This Query has 8 replies

This Query has 8 replies

25 June 2024 at 17:27

REGARDING LIFT PURCHASE

LIFT PURCHASE FOR SHOP AND INSTALL IN SHOP

CAN WE CLAIM DEPRICIATION.. OR
ALL PURCHASE VALUE OF LIFT ADD ON SHOP ASSET VALUE (FIXED ASSET)
CONFUSED.?

THANKS IN ADVANCE


Keyur
This Query has 2 replies

This Query has 2 replies

Sir/Madam

I have one doubt that any person earned income from Dream 11 & My 11 Circle for playing cricket and Rummy then this income is taxable ??? under which head??

please provide link for tax provision.






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