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

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

Dear Sir,

If purchase a property-Leasehold Land of Rs. 2,00,00,000/-
Allotment Order Date- 10/02/2024
Payment Date 15/03/2024
Possession Order Date- 28/03/2024

Then which is the last date for TDS payment and filing of form 26QB.

30/04/2024 it is correct

I have made payments of house hold exps approx Rs. 9,00,000/- in FY 2023-24 through UPI Linked PNB Rupay Credit Card at various Shops/Showrooms/Malls etc. at different UPI Scanners. My credit Limit is Rs. 50,000/- per month. In previous FY 2022-23, I have filed an ITR of Rs. 6,50,000/- of Gross Total Income. Will I receive any Income tax notice for using credit card? Give your expert advice?

My client has a house property registered in his and his spouse name.His spouse has been declaring income from property(let out) in her IT Returns so far.Would clubbing of income apply?

My client wants to declare the same income in his IT Return from the current FY onwards.Is this ok?Of course,his spouse would not declare the income from property in her IT Return now onwards.

Pl clarify

Sir,
A Doctor maintained a private hospital tax audit itr filed every year purchase of medical equipment and other materials rs:50 lacs for March -24 repayment 15 days below period.
Question:
Repayment 15 days below sec 43 b(h) provision applicable or not applicable

I know that gifts from specified relatives is tax free. But, I want to know whether gifts having value more than Rs 50k per FY from brother's son are taxable.

Umapati Mishra

While In Under-construction purchase of property multiple installments are being paid. My Questions are
1. Where Multiple Purchasers are making payment (Say Agreement Value is 99 Lacs)
a. What will be Value of Property i.e. Complete Value i.e. 99 Lacs or as per Share of Ownership i.e.
33 Lacs.
b. In Subsequent Installments payments what will be mentioned in Previous Installments paid (Say total installment paid Rs. 33 Lacs coming to 11 Lacs Each owner)
i. The share of Installment paid by respective owner: or
ii. The total of Installments paid by all purchasers together

Hello,
Please can someone clarify or guide me with regards to PE in India. What are the criteria's that should be met for establishing a PE in India by a Foreign Establishment. Are there any limits on travel by the personnel from Foreign Establishment.

Thank you in advance.
Regards

I have two trust. Can I give loan to another trust with interest free loan???

What will be it's tax treatment in both the trust

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