Guest
This Query has 1 replies

This Query has 1 replies

What's the minimum intraday income to file under ITR-3?


Pradyumna u k
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This Query has 1 replies

We have received a TDS demand notice for the inoperative PAN of the deductees for the second quarter. Then we informed the deductees, linked the PAN, and filed the revised E-TDS return, but we are still receiving the same notice.
Can anyone kindly guide us on how to address this issue? Thank you in advance.


Sudarshan Rawat
This Query has 1 replies

This Query has 1 replies

28 January 2024 at 11:37

Sale purchase of shares in Zerodha

Resolved thanks sir


Kollipara Sundaraiah
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This Query has 1 replies

27 January 2024 at 15:00

Itr-u or normal itr filed f.y.21-22

Sir,
Assessess f.y.21-22 itr filed income below rs:3 lacs .
Question:
Assessess itr-u or normal itr filed f.y.21-22.


Vasudeva Rao
This Query has 1 replies

This Query has 1 replies

My client is a welfare association of employees, who contribute certain amount on a monthly basis as savings and get interest on these savings from Association and the Association also lends money to the needy members and collect interest on such lending. Whether this amounts to a case of mutuality. Out-siders are not allowed either to save money or to take loan from the Association. What is the implication of income tax?


Devesh Jagatram
This Query has 1 replies

This Query has 1 replies

Dear Esteemed experts,

I had purchased an under-construction property (property A) from a builder in March 2022, for which construction stage-wise payments are still going. In FY 22-23, I had sold another property (property B) and used that money to pay for Property A.

I had claimed exemption of LTCG arising on sale of property B for FY22-23 as I had invested that amount towards partial payments for property A. A registered sale deed agreement was executed by the builder of property A and the property is still under construction.

Due to some circumstances, I am planning to cancel property A and shift my purchase to another under-construction unit in a different tower by same builder (say property C). To do this, the builder suggested that we need to cancel the existing sale agreement of property A, and they will be making a fresh booking for the new unit as property C. The builder will not make an internal transfer of already paid money and will be returning it back to me. Thereafter, on registration of property C sale deed, he will be raising fresh demand letters based on current construction stage of new property and I will need to pay him for it as a fresh booking.

In such a case, how will the LTCG claimed as investment in Property A be handled? There is no real income arising from cancellation of property A as the builder will only pay me the amount I paid to him so far less the TDS deducted by me.

Will this cancellation and transfer to new unit be treated as Sale/Transfer of Property A and fresh purchase of Property C?

I will be thankful for your insights on this scenario.
Thanks.


Gagandeep Singla
This Query has 1 replies

This Query has 1 replies

27 January 2024 at 11:53

Charitable trust under section 11,12,13

Is section 43B applicable to charitable trusts?


Marimuthu
This Query has 3 replies

This Query has 3 replies

27 January 2024 at 10:22

TDS on Brand Ambassador Fees

Dear Experts,
1 A company is remitting the specified amount to its Chairman and Managing director towards Branch Ambassador Fees.
2 Whether the company needs to deduct the TDS u/s 194C or 194J


amit
This Query has 1 replies

This Query has 1 replies

How to get refund of Closed Partnership Firm in partner Account, in which assessment has been made & refund failure due to account closed.


SHYAM KRISHNAN K
This Query has 1 replies

This Query has 1 replies

26 January 2024 at 22:39

Foreign investment by indian resident

Is there any specific procedure to be followed by a resident when he made investment in a foreign business






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