This Query has 2 replies
Sir
My name is Arjun Kumar Dey and working in Union Bank of India.
I had a property adjacent to NH which was acquired on 2020 by NH for highway construction and they give us 990000 for compensation. But they deduct TDS of Rs 99000.00 even I applied in ITR return and IT dept did not refund this.
Kindly guide this.
Regard
Arjun kumar dey
Mob 9564148023
E mail arjun kumar.dey1978@gmail.com
This Query has 1 replies
Single Insurance Premium of Rs. 3 lacs has been paid for LIC Jeevan Shanti policy. On maturity i.e. after 15 years, insurer shall get Rs.2000 per month for life time. The sum assured is not mentioned in the policy. Its mentioned that Rs.2000 per month shall be given from 16th year onwards. Deduction upto 10% of sum assured of LIC policy is allowed for premium under LIC policy u/s 80 C. But, in this case, what shall be the deduction amount u/s 80 C when sum assured is not mentioned & single premium of Rs.3 lacs is paid & after 15 years, from 16th year onwards Rs.2000 per month will be received for life.
This Query has 1 replies
If there is a penalty u/s 271AAC(1) then can we request AO to kept in abeyance the penalty till disposal of appeal ?
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Event though we had considered high value transactions while filing the return, still we are getting msg regarding its reporting as per new everification scheme 2021. Is it correct to ignore it if we already shown it?
This Query has 2 replies
Suppose I purchased a land for Rs. 10,00,000. Stamp duty and registration charges by me for Rs. 1,00,000. Brokerage paid by me for Rs. 10,000. After 2 year I sold this land for Rs. 15,00,000.
What is cost of acquisition of land for calculating capital gain. Weather it is 10,00,000 or 11,10,000 (10,00,000+1,00,000+10,000) or 11,00,000 (10,00,000 +1,00,000) or 10,10,000 (10,00,000+10000) ?
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I just want to know time barring date for assessment of individual for FY 2020-21,21-22 and 22-23 along with extract of relevant sections.
This Query has 3 replies
I've filed my original return for AY23-24 in the month of July.. have filed larger HRA value by error and got a refund. Now i'm trying to submit an updated return with correcting the HRA value to right value. I'm getting an error while trying to upload the JSON "Caught error description as null". I'm trying to use the desktop utility but i couldn't input the refund that i got during the original filing in Part B ATI. I'm hoping to fix the errors from the previous filing and submit the updated returns asap. I paid the difference amount along with interest already.. but i couldn't add the previous year refund and submit the form.
This Query has 1 replies
SIR
MR A FILED IT RETURN FOR THE ASST-YEAR 2023 -24 IN JULY 24.ASST-YEAR 2021-22, AND 2022-23 HE FILED NEW REGIME. THE ASST YEAR 2023-24 FILING TIME HE WRONGLY SELECTED FOR WITHDRAW. SO HE FILED FOR OLD REGIME. MY QUERIES IS HE FILED REVISED RETURN NEW REGIME ?
THANKS
This Query has 1 replies
Suppose I purchased a land for Rs 10,00,000. Stamp duty and registration charges paid by me for Rs. 1,00,000 and brokerage paid by me for Rs. 10,000. After 2 year I sold this land for Rs 17,00,000.
What is cost of acquision to calculate LTCG. Weather it is 10,00,000 or 11,10,000 (1000000+100000+10000) or 10,10,000 (1000000+10000) or 11,00,000 (1000000+100000).
This Query has 3 replies
Dear Sir/Mam,
One of my client got married recently and the girl to whom he got married used to stay in Ireland from the past 2 years and became an NRI. She had earned salary income in Ireland during these 2 years and now want to transfer this money in India as she will now permanently stay in India.
My query is will this money be taxable in India and apart from transferring money to her Bank account in India can she transfer this money to her husband too who is an Indian resident. The total amount she earned in Ireland is around Rs. 20 lacs when converted to Indian currency.
Please help me to resolve this matter.
Thanks,
Divyesh Jain
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Refund of TDS/TCS