Dear Sir,
Is there any possibility for filing Income Tax Return for Fy 2021-22 after 31.03.2023, if so please help me in this matter ASAP Sir

My Client Purchased Lifetime Membership of a Club in 1995 at Rs. 40,000 which he then sold at Rs. 5,00,000 on March,2023.

I wanted to ask whether this transaction would attract Capital Gain Tax or I should put it under Income from Other Sources?

Also whether Lifetime Membership purchased is Capital Asset under the provisions of Income Tax Act,1961?

please inform if a person dies without will and his property gets transferd to his son but not mentioned in income tax and later on (after few years ) he transfers the property to his son as gift what are the tax compliances?

Hi, I file my income tax under section 44ada
I have some stocks in my demat from March 2020, which are in loss of 80k at the moment.

If I book loss in my stocks, will I be able to set it off against profit from my profession (I am a website developer).

Or I have to carry forward loss?

Any other way to set off this loss with my income?

Hi,
I have a home role on the house which I purchased in 2019. I am thinking of transferring the house to my parents and want to avail HRA on it.
Have a couple of questions:
- If I remain the joint account holder in the home loan account (given I am not the owner now), can I avail HRA on the property?
- I have taken the benefit of home loan in tax deductions earlier, what is the implication of this on that tax saved earlier?

kindly guide me with tax laws for the excemption for unearned leave on private affairs encashment on retirement

How to get tax relief when client has deducted tax outside india and with that country we dont have treaty agreement. I want full process like form and other document we get from other country , submission to dept , due date of submission etc .

Regards
Mayur

I get annual medical reimbursement of Rs 38000, the bills given for medical reimbursement are for my parents who are senior citizens. Can i claim this as a deduction under section 80 D in my income tax return?

A partnership firm opted 44AD in 2020-21.
But not opted 44AD in 2021-22

As per 44AD(4) the firm is not eligible for 44AD for next 5 years.

Weather tax audit is required for 2022-23 in the following 2 cases:

1. Turnover 80 Lakhs and Net Profit is 10 lakhs in 2022-23.
2. Turnover 80 Lakhs and Net Loss is 5 lakhs in 2022-23.

Reply me with reasons
Pls anyone help me

Respected Sir / Mam
We are trying to file appeal form 35, getting error "Error: Please click on My Profile in the note given below to update your contact details with all mandatory fields".

We updated all contact details in profile. but still getting this kind of error. We are not able to complete the form 35 without basic information. Please do the needful.

today is a last date to file form 35 appeal. please help me in this regard.