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.

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.

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.

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

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.

Sir,
It assessess fees collection income rs:60 lacs f.y.22-23 tax audit itr filed.fees collection income rs:55 lacs f.y.23-24 .sec 44ada provision increased f.y.23-24
Question:
Assessess itr filed sec 44ada or 44ab provision applicable f.y.23-24

For want of registration u/s 12A society was forced to pay tax for the A.Y.2022-2023 & 2023-2024 and 12A registration was given for Rs.2024-2025. Whereas, as per circular no.6/2023, dt:24/05/2023 exemption could be claimed for A.Y.2022-23 onwards if form 10A is not yet submitted is it possible to submit again application for 12A Registration for the A.Y.2022-2023 & 2023-2024.

LTC is not taxable under the old tax regime but is taxable under the new tax regime.

An employee adopted the old tax regime in the financial year 2022-23 and took a ₹50,000 advance from his department and availed the LTC. The employee also submitted a claim for the remaining ₹20,000 of LTC to his department in the same financial year.

However, his department processed and paid the remaining ₹20,000 in the next financial year 2023-24. In 2023-24, the employee switched to the new tax regime.

Therefore, will income tax be levied on the ₹70,000 received by the employee?

I WANT TO FILE IT RETURNS FOR MYSELF FOR LAST FY2023.24
I CAME ACROSS THIS NEW REGIME AND OLD REGIME.
IF I AM A SALARIED PERSON HOW AND WHAT ITR SHOULD CHOOSE.
SIMILARLY MY FATHER IS PENSIONER WHAT ITR SHOULD I CHOOSE.

PLEASE CLARIFY

Sir,
Our two employees PAN is inoperative due non linking with aadhar. Salary paid to them for FY 23-24 was Rs.573201 & 527315. They opted new tax regime. So no tax had been deducted. TDS return filled and return processed with defaults. Justification report shows short deduction of TDS Rs. 99640 & Rs.90463.
Does provision of Sec 206AA applicable as the employee is not liable to pay tax.
Pls reply what to do.