Dear Sir, If any case, husband (doing job in private co) and wife (house wife) is joint owner of one house property and home loan has taken on it and husband is paying loan with interest. The house is let out to third person and he is giving monthly rent and this rent is deposited in husband wife's joint account. Now, at the year end husband is claiming loan interest as loss from hp and 80c deduction with the salary income and wife is showing whole rent income in her income tax computaion. husband name is first in both the agreement. Is it possible in Income Tax that one person is claiming Home Loan benefit and other person is showing House property income? please guide.

Sir,
Sec 269st ,sec 269ss,sec 269t,sec 40a(3) provisions applicable for
Sec 44ada,sec 44ad,sec 44ae it returns filed persons
Or
Sec 44ab audit filed persons only

Or
Both persons applicable above mentioned provisions in it act.

Respected Sir,
I am doing accounting for one of the person wherein now I am facing one problem, they have few scripts bought at the time of allotment starting from year 1989 to 1995.
There are several bonus and split transactions occurred during this time period
Now the client expired and her spouse being joint holder also in process of complying all relevant formalities including transfer of shares. few scripts were sold in march by the spouce for her treatment but I am unable to ascertain the cost price as I don`t have the exact cost and split transaction history
Even if I consider FMV as on 31.03.2018, I have to ascertain cost of those few scripts.
Will someone please resolve this as I have to file the ITR and before filing I have to go through all aspects

Regards

Tribhuvan

I had filed ITR-1 last year. This year I want to file ITR-2 as I want to book Long term Capital loss for carrying forward. The system pre-filled is ITR-1 only. Utility is not allowing to confirm schedules when i enter all details. How do I change to ITR-2 this year? Why is the ITR offline/online utility not allowing me to file ITR-2?

RESPECTED SIR

AY 20-21 ITR HAS BEEN PROCESSED AND REFUND HAS BEEN DETERMINED IN JANUARY 2021 BUT MORE THAN NINE MONTHS HAVE PASSED REFUND HAS NOT BEEN CREDITED INTO MY ACCOUNT THOUGH ACCOUNT HAS BEEN DULY VALIDATED.

I HAVE FILED MY GRIEVANCE ON INCOME TAX SITE PORTAL BUT NOTHING HAS BEEN REPLIED. I HAVE REMINDED CPC BANGALORE ALSO FOR THE SAID REFUND BUT MY EMAIL SENT ON CPC EMAIL HAS RETURNED TO ME.

PLEASE GUIDE ME WHAT TO DO IN SUCH CASE.

TKS WITH KINDEST REGARDS

I am a salaried person with total income less than 50 lakhs. My ex employer paid me a small additional amount after I quit the company and put it under 194 J. i also have income from capital gains through shares and FD interest. Which is the correct ITR I should file. Also should I show all my assets and Liabilities

21 shares of Maruti purchased for Rs 175328.15 between 5/4/2018 and 10/01/19 through Karvy Stockbroking Hyderabad which were unauthorisedly moved by them to their pool a/c and later SEBI banned M/S Karvy stockbroking. Complaint was lodjed with SEBI and NSE.Later an online claim was lodjed with NSE for Rs 175328 with requisite proof which resulted in payment of Rs 145804 .This amount was directly credited to investor's bank a/c.Thus a loss of Rs 29524 suffered by investor against which an appeal was lodged with NSE which remains pending.Now where and how this receipt of 145804 is to be shown and loss of 29524 to be carried forward.Since no regular trade occurred I cannot show it in STT paid securities u/s112A in ITR 2.Where and how to show it as off market sale in ITR 2 and book long term capital loss and whether this is correct way to deal with the problem.
Kindly guide and oblige.
Thanks
P R Rao

Respected Team,
I am salaried person and I give per month Rs 10000 to my wife from my salary. My wife is an house wife and she invest that amount in Share market through her Demat account.
Thus, I want to know on Capital Gain on her Demat account will be taxable as her Income or will be clubbed with my Income ?
As per me, she can file her individual ITR and can claim that capital gain as her income.
Please guide.
Thanking You

I have sold a 18 year old residential plot on 28.10.2021. I jointly own also one no. residential house since 30.10.2012. As I want to take benefit of Sec 54F, kindly answer my following queries :-

(1) Can I take benefit of Sec 54F (purchase or construction of second new residential house) having owned already one no. residential house ?

(2) If yes, then up to which date can I open a Capital Gain Account & then deposit the entire sale proceed into it ??

Dear Sir,

What is an OVERBOOKED CHALLAN ?

What is a booked challan ?

What are the details of challan in 26-Q that can be corrected ?

TDS RETURN has been filed and processed fully & finally but the amount of challan has been wrongly mentioned. How to make correction in challan amount.\

Please guide me and oblige.

TARIQUE RIZVI