My client had LTCG income in AY 2013-14 but by mistake he had clamed the income in AY2014-15, which was duly assessed U/s 143(3). Now the client has received notice u/s 148 for AY 2013-14. is there any case law or relevant section that will assist in this situation. since same income can't be claimed in two years

IN CASE OF CO OPERATIVE SOCIETY IN ADVERTANTLY DEDUCTION HAS BEEN TAKEN IN 80P(2)(D) INSTEAD OF 80P(2)(B) DUE TO WHICH DEMAND HAS BEEN RAISED BY OFFICER, WHAT TO DO IN THIS SCENARIO?

Sir,
A partner ship firm working in two doctors.
Remuneration and interest paid two partners.
If professional fees paid to two doctors (sec 194j) and one partner staying (residence) hospital principal palace.
Question:
1.rent collected from one partner accepted in it act.
2.professional fees paid to two doctors accepted in it act.

i purchase new Flat of 1.75 Lakh. By Bank 40 lakh payment to seller on 10th Nov & 20 lakh payment on 14th january.

Now any interest is applicable on 10Th Nov payment Rs.40 Lakh ? it is under the limit

please guide

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Facts of the case:
I invested in a housing project being built by a private builder to get a residential house in the financial year 2013-14.
But the builder failed to build the property as promised. I complained regarding the same to local authorities, then to National Consumer Disputes Redressal Commission and finally Supreme Court of India. The Supreme Court ordered the builder to pay interest @9% to me, which I received in the financial year 2021-22.

Query:
I am taking this interest income as Income from Other Sources in my income tax return. I want to deduct expenses from this interest income as per sec 57(iii) of the income tax act, 1961. I have incurred legal expenses and traveling/hotel expenses to fight the case in various courts in different cities every year since the financial year 2013-14. Whether I can deduct expenses that I incurred every year since 2013-14?

( As one of the four conditions under 57(iii) is that the expense must be laid out or expended in the relevant previous year and not in any prior or subsequent year.)

[Any other Expenses for Earning Income [Section 57(iii)]
Any other expenditure is deductible under section 57(iii) if the following four basic conditions are satisfied:
the expenditure must be laid out or expended wholly and exclusively for the purpose of making or earning the income;
the expenditure must not be in the nature of capital expenditure;
it must not be in the nature of personal expenses of the assessee;
it must be laid out or expended in the relevant previous year and not in any prior or subsequent year.]

How to deduct TDS .

Buyer Seller Sale consideration
A (Buyer) paid to Husband (Seller) = 10,30,000
A (Buyer) Paid to Wife (Seller) = 9,10,000
B (Buyer) Paid to Wife (Seller) = 60,60,000
80,00,000

Whether TDS is to be deducted on Foreman Commission to KSFE ? Actually it is deducted from the prize money and balance only paid.

Respected Sir,

A lady aged about 42 yeas has filed ITR-1 for the Ay 2019-20 showing therein other income by way of nett receipt on account of tailoring & stitching.

Will it do ?

or

Whether the asseessee has wrongly filed her IT Return ?

The said ITR has been successfully processed without fail.

Please pass your comments on this issue

Tks with kindest regards

Hi every one,
we are facing some issue with submission of form 26A request in TRACES portal. The uploaded file is being rejected continuously stating that "invalid file format". The format is from Website itself for the concerned report and still problem persists. Seeking solution in this regards.
Thanks in advance.

Hi
am looking for tax consultant, who can help me in filing it return for investment phase of small business....

please revert to aaresponse@gmail.com