This Query has 15 replies
I am a salaried individual in a psu. I am opting for old tax regime for the financial year 2023-24. My father is a senior citizen and was treated for one week in a hospital empanelled under my psu. I have been reimbursed the hospital expenses by my employer.Under which section can I claim the deduction of this medical reimbursement?
This Query has 1 replies
While checking status of party pan number ,Pan status showing inoperative but showing not specified person u/s 206AB & 206CCA. Do we need to deduct TDS on higer rate or normal rate.
This Query has 1 replies
sir,
it person cash Gift transactions different dates detailes mentioned below f.y. 22-23
1.Dt:10-05-22 Cash gift from Mother rs:190000/- through on cash mode
2.Dt:25-05-22 Cash gift from Brother rs:180000/-through on cash mode
3.Dt: 17-06-22 cash gift from Husbands brother rs:170000/- through on cash mode
4.Dt: 24-06-22 cash gift from Mothers brother(uncle) rs:160000/- through on cash mode
Query:
Assessee above gift transactions from relatives allowed in it act.
This Query has 1 replies
I am a senior citizen. I had filed a (original)return of income for the AY 22-23 u/s 139(4)(Belated) since the legalities of hiership was to be arranged) in the capacity of legal hire on behalf of deceased husband claiming a refund on 17/08/2022.
But unfortunately the return was assessed as demand due. Subsequently another return (revised)was filed on 19/12/22, for which no remedy was made out.
Now when i try to file a rectification/revised return the department site demands that it shoulf be either Modified/Condoned/ 139(8).
Since the original return was filed belatedly should I go for condonation?
Or else shall I get the return rectified by the Assessing officer of jurisdiction?
Will you please advice
This Query has 4 replies
Hi Sir,
My company booked hotel rooms for Annual meet of employees. Company booked hotel for accommodation purpose and the tariff includes breakfast and Wi fi charges also.This is not a regular basis as it is for meeting purpose only. Is TDS applicable on payment to hotel? Total Payable amount comes to around 80,000.
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A person was staying in Chawl in Mumbai which later went under redevelopment in 2013 and was provided 1 BHK flat , same is in process of being sold now.
How to calculate LTCG in such case and how to arrive at cost of acquisition ?
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A partnership firm was formed by 2 partners. However there are no transactions of sale and purchases till now. Industrial Land was purchased by the partnership firm and a small shed is built with power & water facility. Now the firm and is planing to sell the land for which I feel there will be capital gain tax in the hands of firm. The 2 partners may get into a new partnership and start a new business in the services or trading area. My Questions are:
1) I would like to know the type of taxes (Capital Gain Taxes & any other taxes) applicable on the sale of industrial land. How the tax liability in the hands of the firm can be reduced to the minimum?
2) Can the partners invest their shares in residential property and claim exemption u/s 54F
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who will deduct TDS , What is limit to deduct TDS under section 194Q and under section 206C(1H)
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Hi Sir/Ma'am,
I have downloaded the Form 26 QB justification zip but it's password protected. Could you please help me with the password. I have tried pan card, dob etc. It didn't work.
Thank you in advance
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Section 80D Medical Insurance
Query: If asessees was married woman then who is parents defination include?
a) Asessees mother father or
b) Asessees mother in law and father in law or
c) Both a & b
d) Non of the above
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Section for Deduction for medical reimbursement