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Chahat Khanna
This Query has 3 replies

This Query has 3 replies

01 May 2024 at 22:14

Deduction for Medical Insurance

Resolved and deleted.


Kollipara Sundaraiah
This Query has 1 replies

This Query has 1 replies

Sir,
It assessess maintained a private hospital tax audit itr filed.purchases medical equipment rs:50 lacs credit on EMI based.
Question:
Assessess clause 15/45 days provision and sec 43 b(h) provision applicable for hospital


Chandra Kala
This Query has 1 replies

This Query has 1 replies

Processor to conodone delay of submission of ITR by the Cooperative Societies as per Circular No.13/2023, dt:26/07/2023 after appeal


Sayantan Chakraborty
This Query has 1 replies

This Query has 1 replies

01 May 2024 at 11:41

Unabsorved Depriciation

unabsorbed depreciation current assets or current liabilities


M Balakrishna Achar
This Query has 1 replies

This Query has 1 replies

01 May 2024 at 10:50

Income tax relief for export sales

The assessee has received receipts in foreign in currency for export of services. is there any deductions under section 80 for such export services to foreign currency.


Venkat Subramanian
This Query has 5 replies

This Query has 5 replies

Land purchased / buildg constructed during 1989 at CHENNAI. Now under JD with Builder in APRIL 2024 50/50 ratio - 3 flats will be for owner & 3 flats will be sold by Builder - possession approx by AUG 2025. How to calculate LCGT for the land owner, when this is due FY24-25 OR 25-26


CA AJAY KUMAR AGRAWAL
This Query has 1 replies

This Query has 1 replies

30 April 2024 at 16:44

PAN Aadhar linkage

During 3rd Qtr of FY 23-24 we had deducted TDS from a contractor. At that time contractor had not linked his PAN with Aadhar, as such differential TDS (higher rate TDS due to non-linkage) is showing on my Income Tax portal. Presently contractor has linked PAN with Aadhar.
Please suggest what action is to be taken by us in order to remove differential TDS being shown on portal. Will it work if Revised TDS for 3rd Qtr is submitted?


Jacob Abraham
This Query has 1 replies

This Query has 1 replies

30 April 2024 at 15:56

Interest under section 234B and 234 C

Dear Sirs,
Please advise.
Which amount to be taken for interest under 234B and 234C calculation :

1. Tax due
2. Tax due + Cess + Surcharge ?

Is there any penalty or interest on non-payment of Cess and Surcharge calculated on the Tax due on or before 31/03/2024 ?


Keshav Kumar
This Query has 1 replies

This Query has 1 replies

Hi there,

in FY 23-24, I sold a property and I had a capital gain. For reinvestment of capital gain, I invested 50 Lakhs in bonds ( Section 54EC) and I bought a flat which is under construction. I have paid 80% of Flat purchase price. My question is: when I file my income tax return, Can I show 100% of flat price or i am allowed to show only 80%? If I am allowed to show only 80%, should I be transferring the remaining capital gain to Capital gain saving account? ( which is approximately 20% of remaining flat price)?

Thank you!

Keshav


Chandra Kala
This Query has 1 replies

This Query has 1 replies

29 April 2024 at 17:36

Waiver of Interest

Whether it can be possible to claim waiver of interest charged by Income Tax Department on tax due






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