My clinet's mother sale her property in land and invest that amount to buy a house property for her son. The purchased residential house is in the name of her son. Can she claim capital gain investment benefit under section 54f

T_FV_4326 For no deduction/higher deduction, no value should be provided under this field.

what is crux of section 43b of Income Tax.

Today When i logged into E-Filing site i observed that in bank accounts it is showing as "Restricted refund" after validated & EVC enabled. This was showing recently. looks like a new change. But what does restricted refund mean. Will we get refund in such cases.

I am getting the same error and not able to download ITR 2 income tax return utility for AY2022 23 from the official Income Tax website. Raised complaints and spoken to their Helpdesk but issue is yet to-be resolved. After I click the ITR 2 utility the message I am getting is excel found unreadable content in ITR2 do you want to recover the contents of this workbook. If you trust the source of this workbook click yes. So I clicked yes. Next message after sometime is the workbook cannot be opened or repaired by Microsoft excel because it is corrupt. Thus unable to download ITR2.

Sir,

From last 3 to 4 year i have imported good from bhutan,paid tax in custom an sell in india.ITC does not reflect in 2A or 2b.
Submited gst claiming that tax as input .
NOw i am hearing it has to be enter in icegate to reflect in 2b.
From which year it has been started and wha i do now to rectified it.

If exemption section u/s 11 can claim in updated return u/s 139(8A). Amount to be paid for Rs.1000/- u/s 234F

hi friends

we have partnership firm, in FY 18-19 we opted for presumptive income and next year's onwards we are filling normal tax return and not filling under presumptive tax return

we are planning to file this year under presumptive income

our doubt can we opt for presumptive income or not we heard that can't file under presumptive for 5 years due to miss out

please clarify us, thanks for your support

Can a husband buy (payment done from his bank account) a plot in his wife's (not an income taxpayer) name from legal funds he earned? And what if he has done it?

Dear sir / Madam,

My query is as follows:
Mr A who is salaried person, also does options trading. He prepares P&L and balance sheet for options trading business. He has past F&O business losses as well as past short term & long term capital losses in shares trading, which are now carried forward to FY 2022-23. During the year FY 2022-23 also, he has F&O business loss and sizable Other income.

I wish to know whether can he set off past F&O business losses as well as current business losses against the current years Other Income?

Basically, which type of losses are adjusted against other income?

Kindly guide.
Thanks & regards,
Suraj