Dear All,

Can i set off long term capital loss from sale of residential/commercial property against long term capital gain from equity share/mutual fund?

Thanks & Regards
Nirmal Dave

Dear Sir

Tax audit of NRI person for 2022-23 he was Resident in 2022-23.

Now he is at Norway and Tax audit to be file in this month, no authorirised representative is there in India as of now.

Is Option I ok?
Can NRI person apply for DSC through Aadhar OTP, courier the token at Norway
and Sign the Tax audit report?
also audited financial copy can we put Digital sign on the same?

Option 2
or we can take approval on email for TAX audit report and sign by us?

WHAT IS THE LAST DATE OF PROPRITIROS SHIP AUDIT

We are running two wheeler business. we got the vehicle from manufacturer and they are debit amounts in our dealer ledger as for freight recovery.

Should we deduct TDS, if it is yes kindly confirm the rate of TDS.

Sir / Madam,

A house property is in the name of an expired male parent and it is let out.

To reduce the tax liability of his sons, can the rental income from such property be declared in the ITR of one his daughter-in-law?

If yes, what are legal requirements?

Hi Experts,
There has been death of a trustee of charitable trust registered u/s 12A and 80G. Should the trust now with 2 trustees inform the AO in a specific format?
Are there any other formalities, so that the registration u/s 12A/80G is not affected?

Can anybody please share template of transfer pricing policy for an organization

Dear Team,
I am a salaried person any paying income tax as per the ITR1 every year since last 20 yrs. My query is as below:
My wife is housewife and trading in stock market particularly in F&O.
As I am a salaried person, I can get person loan from any source easily. I wanted to know if I avail a loan in my name and transfer it to my wife there are there can be two options:
a) I transfer the loan which I availed as a gift to my wife
b) I transfer the loan to my wife as a loan between two of us.
My wife will utilize that amount for her F&O trading. So, which out of both which option is more suitable and legal for tax purpose which does not affect my tax implications as salaried person. AND my wife will pay tax on her F&O income as per tax rules.

I have filed My ITR-4 under 44AD Presumptive Income since many years. I have self employed Individual. My turnover of Business is around only Rupess Six Lakh per annum approx. I have started trading in Stock Market from (FY 2022-23) Sep. 2022 to till date. I have also SHORT TERM CAPITAL GAIN of Rs. 94000/- (Approx) from sale & purchase of Listed Equity Shares in AY 2023-24 (FY 2022-23). Can I still filed ITR-4, If Yes, where I have to Show Short Term Capital Gain. Can I show above short term capital Gain in ITR-4 in Income from Other Sources / or Any other Income Head, plz suggest.
Or
Any other FORM of Income Tax, such As ITR-3, I have to filed? Is it necessary to file ITR-3 for Me or ANY OTHER ITR FORM, WHICH IS SUITABLE FOR ME. Please Give Your Expert Opinion

Mr A & Mr B were brothers jontly purchased a building for Rs 4,00,000/- (Both have equal share) during FY 1986-87. Later during FY 2015-16 they partitioned the same eqally. The market value at that time was Rs 50,00,000/-. Subsequently Mr A sold his share of building for Rs 54,00,000/-. In this case what is the cost of acquisitiion Rs.4,00,000 (or) Rs.50,00,000