Dear Sir,
We have made several transactions with 1 party(Vendor) registered in 2 different States (eg - Delhi & Haryana), now with Haryana party GSTIN consolidated Transaction value is more than 50 lakhs in this year but with Delhi GSTIN Consolidate transactional value is less than 50 Lakhs in this year.
We want to know whether the exemption of 50 Lakhs is given to both GSTIN or not as we are eligible to deduct the TDS on purchase. Kindly Clarify

Can assessee claim exemption u/s 54b for capital gain even after filing his return after due date ?

cryptocurrency for the F Y-2021-22 In Income Tax Returns Under Which Head have to Shown and How much % Tax Rate Applicable of this . for the F Y-2021-22. can i Shown Under Short Term and Long term as a Equity. Please give the of your Valuable Suggestion about this Sir

DEAR SIR,

ONE OF MY CLIENT PURCHASED AN AGRICULTURAL LAND CURRENT FINANCIAL YEAR. AND HE LEASED THE LAND TO A DEVELOPER FOR AN JOINT VENTURED AGREEMENT OF RS. 30 LAKHS. THE DEVELOPER WHEN COMPLETED THE PROJECT BOTH OF THEM SHARE THE PLOTS OF IN THE RATIO OF 69:31. NOW MY QUERY IS MY CLIENT RECEIVED THE LEASED THE AMOUNT THROUGH CHEQUE. AND HE HAS TO REPAY THE LEASED AMOUNT WHEN COMPLETION OF THE PROJECT. BUT THE DEVELOPER PAID AMOUNT WITHOUT MADE ANY TDS. AND ALSO HE IS NOT CHARGED ANY GST AMOUNT IN THE AGREEMENT.

MOST IMPORTANT THING IS THAT MY CLIENT RECEIVE NEARLY 18 TO 19 PLOTS OF HIS AS PER THE AGREEMENT. IF MY CLIENT GOINT TO SELL THE PLOTS HE NEED TO OBTAIN THE GST REGISTRATION BECAUSE OF EACH ONE OF PLOTS WILL COST MORE THAN 40LAKHS RS.
PLEASE GUIDE ME HOW TO TREAT ENTIRE ALL THESE TRANSACTION.

PLEASE GUIDE ME

REGARDS

Dear Sir/Madam,
TDS u/s 194J 2% or 10% applicable on job placement agency invoices.
Thanking you !
Krishna

Sir,
My query is if suppose Short Term Capital Loss in FY 2020-21 is Rs.25000/- and if it is carry forward next year. Now suppose Short Term Capital Gain in FY 2021-22 is Rs.50000/- but if I do not want to take set off of last year short term capital loss this year because my taxable income is below Rs.2.5 Lakh then is it allowable that I may be allowed to set off this Rs.25000/- loss in subsequent year of my choice up to maximum of 4 years ?? or It is necessary or compulsory to take set off next year only as there is short term capital gain in FY 2021-22??. Pl reply .

I had started an STP from debt mutual fund To transfer some units from it to equity mutual fund. my account is showing capital gain of 10,000 rs but no money was paid out as I did not redeem any unit of any mutual fund. Do I need to report it as short term capital gain

1. UNDER WHICH HEAD OF INCOME IS THE INTEREST ON CAPITAL RECEIVED FROM PARTNERSHIP FIRM TAXABLE?
- "INCOME FROM BUSINESS/PROFESSION" OR "INCOME FROM OTHER SOURCES"

2. IF THE INTEREST RECEIVED FROM FIRM IS TO BE TAXED UNDER "INCOME FROM BUSINESS/PROFESSION, THEN WILL TAX AUDIT BE APPLICABLE IF THE TOTAL PROFESSIONAL RECEIPTS AND THE INTEREST ON CAPITAL EXCEEDS RS. 50.00 LAKHS?

I have filed ITR 1 this year but I actually needed to file ITR 3 as I did not know earlier that losses can be carried forward. Can I file revised return after 31st July 2022, would I need to pay penalty if I file revised return after 31st July 2022 ?

Dear Expert,

I worked in Slovakia for 2 years in an MNC situated in Slovakia and returned on 11 june 2021. So I would be resident for FY 21-22. I have also earned foreign salary(EUR) in Slovakia for 3 months on which they deduct Tax approx 20% and other social security charge as well. I also earned salary income in India from Jun to Mar 22.

Could you please assist how to calculate tax on foreign income in India and how to take credit. ?
Can I claim HRA on foreign income as less as I use to get HRA allownace there of 125EUR
Is this foreign income come under exemption method in DTAA?
what are the other requirement that need to fulfil.

as I have already submitted ITR and shown only income income , can I do a revised return to show foreign income as well