i have received a notice as i have not filed itr in 2015, my ques is i sold the property in which cap gain arises i was the sole owner, for cap gain exemption i purchased the property in joint ownership.
my ques is will i get half cap gain exemption as my second purchase was joint ownership, or i can claim full cap gain exemption
second will they consider my point of cap gain?? can they say u have not filed the itr so it will be considered as nothing has been done from your part and pay full tax on property sold....as i have not filed the itr,
third what can be the penelty for non filing of itr.
thnx

My friend has received an whatsapp message from Income Tax Dept stating that certain high value information does not appear to be in line with the ITR filed for FY 2021-22. Under e-campaign list on compliance portal it shows high value transaction, status partially submitted.
She had not shown bank interest in her ITR for FY 2021-22. Now she has to pay additional tax along with interest & she needs to file updated return u/s.139(8A) for FY 2021-22. My query is while making payment of additional tax with interest what should she select as nature of payment. Whether she should select Self assessment tax OR Tax on tax on regular assessment.

Sir,
It assessess maintained a private hospital including pharmacy store
Question:
Assessess cash mode receipts and digital mode receipts (Google pay and paytam and phone pay) limit per day from one patient for hospital and pharmacy store in it act.

Sir, I have already filed ITR for FY 2021-22, but missed to file ITR for FY 2020-21 due to some unavoidable reasons. My queries are :
1) May I file ITR U for FY 2020-21 now ?
2) May I claim refund in ITR U ?
3) May I file the ITR U if I am ready to pay required tax/penalty and waive the refund ?

The filing of ITR is required by me for availing bank loan sir .

If the case arise of AC Installation Charges. We are supposed to deduct TDS under section 194J as AC installation charges as is referred as technical fees and should deduct TDS @2% under 194J. I read other sites that shows, TDS should be deduct on AC installation charges will be under 194C. Please clarify and give me proper justification so that I will be cleared on this.

Respected,

The assessee had opened a "Capital Gains Account" with the Bank of India a year ago. Now he wishes to start construction of the residential house and therefore wants to withdraw from the capital gains account. Assessee is going to construct the building by himself (no outsourcing to the contractor).

However, the bank says that the assessee must produce "Proper Invoices" (by which they mean - GST Bills). Even officers at the zonal head office say the same.

However, since the assessee is constructing on his own, he would be unable to submit gst bills of labour charges since most labour would be outside of GST purview due to various reasons. But nobody at the bank understands this.

Can somebody provide anything which can help the assessee set aside - "GST Bills" rule?

Please guide. Thanks.

Dear Sir/Madam,

When we are dealing with the party which is our Debtor and one party is our Creditor, then whether we can set off the balance of Debtors against Creditors or vice versa? Please reply as early as possible.

Please note that both parties (Debtors and Creditors) are not related to each other, but they are agreeing for adjustment and can we assign our debtors to that particular creditor.

Regards
Anuj

Dear sir,
Let's me know whether company have right to hold PF fund of resigned employee .
Once of my friend says the company not show such person resigned from office In EPF Portal ,so that he can not withdraw fund from PF .
please advice if any document need to submit by company for releasing pf account of resigned staff.
With regards
Binu

Hello sir ! I recently applied for pancard to update it from minor to major, all the required documents are submitted through onlie e-pan application. The problem is I have entered mistakenly my temporary adressess for communication. They mailed me as:
""
Dear Sir / Madam,

We refer to your abovementioned application & PAN application documents received from you on February 02, 2023. On verification of your application and PAN application documents, the following discrepancy(ies) is/are observed by us:

Address in document as Proof of Communication Address is incomplete.
Submit proof of address where name and address in application exactly matches with name in proof.

To know the details of supporting documents, please click here (Indian citizens, Foreign citizens).

For further processing, kindly send relevant document with proper details to below mentioned address. Please quote your 15 digit acknowledgement number "N-881037281552120" on the document before sending it to us.
''''

Now how do I submit the correct adress as printed in aadhar through online! Can u give me in deatil process and to which mail address I should submit it?

while creating fvu file after doing PAN correction for 24Q1 2022-23 the following error appears T_FV_6260 Count of section 194P statement records must be provided only for Form 24Q , Financial year 202122 Quarter 4 Onwards

I have not entered any amount u/s.194P

Please suggest how to resolve this issue