If there is a farmer who does not file income tax, if he wants to buy an agricultural land, then in which mode should he give the money to the person in front of him so that he does not get any income tax notice??

Dear Experts ,
Kindly clearify whether LIC Maturity (surrendered before 2 Months) Policy issued during 2011- Amount received During 2023
1.Yrl Premium 18376 Amount received on 9/2/23 Rs.294603
2.Yrl Premium 18376 Amount received on 14/3/23 Rs.294603
(2 policies)

Thanks

I made LT capital gain on two listed structured products security instruments of Edelweiss, one a MLD, other a specific equity shares linked security. I understand that I can claim LTCG on them at special rate of 10%. ( there was buy back by the company)
My question is where exactly should I show this gain in ITR2 form under LTCG in the tab CG of the ITR utility? Is it under listed security?

there are many option under Income tax tab for the AY 21-22
1. Self-Assessment Tax (300)
2. Tax on Distributed Income to Unit Holders (107)
3. Payment of Demand/Penalty/Interest etc. under Undisclosed Foreign Income And Assets And Imposition of Tax Act, 2015 (Black Money Act) (108)
4. Secondary Adjustment Tax under Section 92CE of Income-tax Act, 1961 (110)
5. Accretion Tax under Section 115TD of Income-tax Act, 1961 (111)
I think its self assesment tax

Hello,

May I know how to add exempt under section 10(26) in income tax return filing online? I don't see option of this section. Should I add exempt and select "Any Other" and put details in description?

We want to register our product with department in foreign country.
For which Payment is made to non-resident (No DTAA) who will help to complete the registration. We will pay him lump sum (single) amount for this to him.

What are TDS implication on us being an Indian concern??

Hi Sir/Ma'am,

We are two brothers and paying rent to father to claim HRA. Now we are planning to buy one property by taking home loan. Brother and I will be the co-applicant and property will be on the name of father. So my question is can we (brother and I) claim both HRA and the home loan interest while filing ITR?

What is the solution if buyer wrongly feed PAN of his own in place of PAN of seller in Tax chalaan.

I have received Intimation Seeking information/clarification on the data in the return filed
" Adjustment of income araising u/s 143(1)(a)(ii) - Disallowance of expenditure and deduction indicated in return in schedule HP not taken into account while computing the total income".

Actually i had made an error filling Schedule HP. I have mentioned Property 1 as self occupied property which has 0 rental income but by mistake i have mentioned the rental income of Property 2 in Property 1. Please refer to the example below where (1 a) had to be 0 but but mistake i entered 1,00,000. I need to reply to them about this mistake.

Can you please help me formulate a proper reply.

For Ex . Property 1 self occupied property
a Gross rent received or receivable or letable value (1 a) 1,00,000
b The amount of rent which cannot be realized (1 b) 0
c Tax paid to local authorities (1 c) 0
d Total (1 b + 1 c) 1d 0
e Annual value (1 a – 1 d) (nil, if self -occupied etc. as per section 23(2)of the Act) 1e 1,00,000
f Annual value of the property owned (own percentage share x 1e) 1 f 50,000
g 30% of 1 f 1 g 15,000
h Interest payable on borrowed capital 1 h 0
i Total (1 g + 1 h) 1 i 15,000
j Arrears / Unrealized Rent received during the year Less 30% 1 j 0
k Income from house property 1 (1 f - 1 i + 1 j) 1 k 0

Thanks

महोदय, भूमि क्रय दिनांक 27.2.18 सह स्वामी संपत्ति ए एवं बी पुर . ITR 3 फाइलिंग A प्लॉट pur.A. 290000 बिक्री कुल राशि 295000 एक व्यक्ति 100% लेकिन ITR फाइलिंग जो बेची गई राशि पर विचार करें? पूर्व संपत्ति के मालिक ए 50% बी 50%? बिक्री राशि A.147500 और B.147500 LTCG की गणना करें? और आईटीआर। पूर्ण विचार मूल्य? इंडेक्सेशन गणना के बिना अधिग्रहण की लागत? इंडेक्स ए.कैलकुलेशन.290000/272*331=352904 बी.कैलकुलेशन.290000/272*331=352904 एलटीसी लॉस ए-205404 और बी-205404 आईटीआर। सही हिसाब? कृपया।