The assessee has depoisted an amount of in Capital Gain account he has purchased a plot and the amount of paid out of Capital gain account, now he has completed the construction from his own funds and has not withdrawn the funds from capital gain account for construction

My Query is do we have to mention the amount utilized from Capital gain Account in coming years for construction of house in Income Tax Return.
Was there any extention for time for Utilization of Funds from Capital Gain Account due to Covid

If one has income from both normal business profit >8% of T/O and also F&O profit >6% of T/O. How to show them in ITR3 under presumptive income. Also note the normal business is under composition scheme of GST. Also what is to be selected for Trade name in case of F&O trade.

I am working in a private company and can claim 1200 under CEA.
My wife is working in Delhi government and is entitled to claim tuition fee reimbursement of 27,000 (total tuition fee of 45,000) under CEA.

Can we both claim CEA for same child? I am in private claim 1200 per year and my wife working in Delhi government can claim 27000? (total tuition fee paid is 45,000 for year)

An assessee is an NRI seafarer, but his salary is received from an Indian company and the TDS is being deducted, My query is whether his income will be taxable in India or can we show it as Exempt and claim refund

how ever inadvertently 10B of fy 19-20 and 20-21 not filed demand is raised in portal now whether i can file 10B ?

WHETHER 12a OF 19-20 CAN BE UPDATED AFTER RAISING OF DEMAND ?


WHETHER IN CASE OF LOSS TRUST IS REQUIRED TO FILE A RETURN ?
WHETHER 12 a IS REQUIRED IN LOSS

Whether a nutritionist who is not a doctor but has some diploma or certificate is taxable under 44ADA or 44AD?
Can he be covered under medical professionals since he teach the clients how to care themselves not to become ill person?

Hello Guys,

I have a doubt regarding F&O, how the future and options are taxable, I know how to calculate turnover for Futures and for Options (in options premium will also include with profit and Absolute lose). if it exceeds 10cr, then it is eligible for audit, if not, it is not eligible.

For instance: The buy value  of futures is 3,94,78,169 and sell value is 3,96,20,722 and the profit made was 1,42,555 and the turnover is 3,97,975(i.e 1,42,555+|270264| (loss))  

However, the ambiguity rises here. I calculate turnover of futures, it is 3,97,975. so in ITR form which value shall i consider whether turnover or sell value (i.e 3,96,20,722) .

if anyone knows about this, could you please explain briefly?

Thank you

suppose income of 19-20 is 500000

Income of 20-21 is 1000000 which includes 100000 arrears of 19-20 and accordingly 10E filed for 20-21

Now in 21-22 again arrears of 250000/- received for 19-20 and 300000 for 20-21.

Now for 21-22 10E Form can we consider 600000 income for 19-20 and 900000 for 20-21
or 500000 for 19-20 and 1000000 for 20-21

I have Long term capital gain of 12L from Sale of Plot and LTCG of 120K from sale of shares also STCG of 20K from shares. I have purchased House for 15 Lacs within a week of Transfer of land. When i am claiming deduction under section 54f stating purchase cost of my house to be 15lac and claiming exemption of 12 lac LTCG it is not allowing me and showing error that deduction u/s 54f claimed here should match with total of deductions claimed in respective assets.
please advice me with this error and how can i claim capital gain deduction under section 54F.

Thanking you

hello, Sales reported in GST in fy 20-21 2755000,but due to overlooking 50000/- sale amt of march 2021 could not be reported in R-1 of March2021. The total sale of 20-21 was 2805000/-. The sale of March 2021 was reported in R1 of April 2021. Now sale in 21-22 is 2975000/- including unreported sale of March 2021 Rs 50000/-. Now question is how much sale to report in ITR in GST sale reporting column. Experts valued opinions are sought.