In the following two cases , whether depreciation allowable under income tax
(1) TDS Not deducted on capital expenditure
(2) Cash paid Rs. 10,000/- for buying capital expenditure.

MR.A (having non-speculative income) had made transaction with respect to call and put in future and option mentioned below:

1. buy:10000 sell: 12000 GP:2000
2. buy:10000 sell:7000 Gp:(3000)

as we know we need to take turnover of Rs. 5000 and need to file return in 44ad maintaining 6% of profit

but actual MR.A had lose money of Rs. (1000) but in 44ad we can not show profit less than 6% of turnover which is Rs.300 (against nature of reality)

please provide guidance and what if Mr. A don't wants to file return in 44AD then can we show 6% of turnover in direct p&l account ?

I redeemed my mutual fund and sold some shares to partly fund my flat purchase. Under which section I can claim LTCG deduction. The transaction has been done within a two week time. Please guide.

dear Sir,

I have Two Business, 1 have profit and 2nd is loss (loss on shares) and also salary income, now which ITR SUITABLE FOR ME AND HOW TO SHOW LOSS IN ITR.

Dear Sir,
In the financial year 2022-23 a slum hut in Mumbai was sold for Rs.2250000, which was purchased on May-2012. There is no registration and stamp duty for slum huts in Mumbai. There are no valuation reports for this slum Sale.

My question is if I have shown loss of LTCG Rs.315000/- in income tax return then there can be any inquiry from Income Tax?

Please reply your valuable advice in this regards.

Thanks & regards
N Kadam

whether any disallowance in current year if TDS is not deducted on capital expenditure
or depreciation is disallowed ?

Sir,
It assessess agreement sell transaction f.y.22-23 and sale deed f.y.23-24.if transaction reflected in ais f.y.22-23.
Question:
Assessess transaction show in f.y.22-23 or f.y.23-24.

Dear Sir,
Commission received in showing itr tds column by default income from other sources. Iske liye itr ka kon sa form choose karna chahiye aur kahan par show karana hai.

May I shift to new Tax Regime now ? Although, Tax has been deducted and paid according to Old Tax Regime vide Form 16 Issued to me (Salary Income only).

If Assessee has loss from F&O in FY 22-23 which is first year of his loss and in previous Financial years he opt for 44AD for his other business(Milk Production) is tax audit u/s 44AB required or he continue to opt for 44AD for milk business and show loss on F&O and set off against Milk Business.