This Query has 2 replies
I have one self occupied residential property. I also have one commercial property an office space which I was unable to rent last financial year but I paid municipal taxes and also maintenance charges to the society .
Do I show this commercial property as deemed to be let out and show fair rent as annual value though I have not received any rent in the last financial year and show it in income from house property?
Thanks.
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if assessee filed return of income of salary for a.y. 2024-25 in old regime so in a.y. 2025-26 we need to file return of income having business income (only remuneration and interest from partnership firm) so we need to file form 10IEA? if need to file then opting out option is auto selcted insted of re-entering in new regime.
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Sir,
I had worked with a company for 10 years and 6 months. After t years of leaving the company , i have withdraw my PF that is Rs.1904454. Now my question is either the PF income is taxable or tax free
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In Schedule OS/ Schedule EI, the amount of dividend income mentioned is cannot be more than the dividend income reduced from Schedule BP;#;Kindly ensure that dividend income mentioned in schedule OS or schedule EI should be equal to dividend income reduced from Schedule BP.
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Whether Valuation report from Approved valuer is necessary while filing income tax return at the time of sale or Market value as on 01/04/2001 shall be directly taken?
As Income tax department shall only consider valuation by government approved valuer as per section 50C, so whether valuation report done by valuer as per the request of assessee is necessary as per income tax act?
This Query has 2 replies
My client purchased a land in 2008, but they registered it in someone else's name as the issue of SC land was involved. So, they purchased it for Rs. 5 lakh. Now, in 2017, they made an agreement with that person and paid Rs. 10 lakh to him that they will settle down it for Rs. 17 lakh. And Rs. 7 lakh was left. Now, in 2025, if they want to transfer it in their own name or they sale that property, how much will be the long-term capital gain and what will be the impact? Can the cost of agreement that is Rs. 10 lakh or Rs. 7 lakh be included in purchase cost?
This Query has 4 replies
In which schedule of itr can I show exempt perquisites included in my salary?
This Query has 2 replies
ASSESSEE HAVING TURNOVER 85 LAKH HAS FILED ITR BY AVAILING BENEFIT OF 44AD FIRST TIME IN A.Y. 24-25 AND IN A.Y. 25-26 TURNOVER IS 3.80 CRORE (DIGITAL TRANSACTION WITHIN 5% LIMIT)
Q1 . IS AUDIT BECOME COMPULSORY IN AY 25-26 AS ASSEESSEE HAS OPTED OUT FROM 44AD IN AY 25-26 EVEN IF TURNOVER IS WITHIN 5% LIMIT OF DIGITAL TRANSACTION
This Query has 2 replies
INCASE OF PUBLIIC CHARITABLE TRUST UNDER WHAT CIRCUMSTANCES FORM 9A AND FORM 10 HAS TO BE FILED??? WHETHER BOTH ARE TO BE FILED TOGETHER OR ANYONE HAS TO BE FILED???? AND IF BOTH ARE FILED WHETHER IT IS ALLOWABLE OR NOT???
This Query has 4 replies
Sir, inorder to count the time limit ie. less then three years or more than three year, whether the notice date of 148(b) is to be considered ? or the notice date of 148 is to be considered.
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How do we show a commercial property not let out in the last financial year in IT returns?