Dear Friends
I am highly obliged to all of you for all the guidelines being give to me from time to time.
Once again I approach with the issue of capital gain tax.
Date of purchase of the agricultural plot is 26-03-2019 and date of sale of he said plot is 08-04-2021 (After two years 12 Months 12 days)

Year ending March 19 Purchase
Year ending March 21 Sale

Sale Purchase two years 12 months 12 days

Money received in April 2021 by way of sale of property has been paid to someone on account of advance given for purchasing some other plot stamp duty & registration for which shall be effected by December 2021

Whether in such case will attract capital gain tax?

With kindest regards Yours Tarique Rizvi

Whether central govt hospitals deducted TDS on payment made to contractor for supply of medicine

Fees Paid to Architect Rs.20,00,000 with Construction and Material is this exp. book capitalized or TDS applicable 194J 10% OR work contract 194C 2%

Dear Sir/Madam

My query is about TDS on Rent , I know the threshold limit is 240000, but
in our case amount exceeded to 324000 in current fiscal year 2021-22 up to October
hence TDS @10% would be apply on 84000 or entire amount.

Respected Sirs,

What are the loopholes of this section ?

Proposed adjustment U/s. 143(1)(a) of Income Tax Act,1961 send to assessee and reply for the same was send in black and white mentioning that is was wrongly mentioned in form 3CD and the statement was like this "We beg to inform that there happened a little mistake in Form 3CD Sl No.20(a).Bonus of Rs.1,80,500/- paid to Employee is simply an indirect expenses which is shown in PL account and not any sum payable to him from any profit of the asseessee.It was wrongly mentioned in Form 3CD.The mistake is regretted and revised Form 3CD is being submitted for your doing the needful. But today assessee assessed U/s. 143(1) of Income Tax Act, 1961 where the amount for 180500/- added with total income and a demand for Rs. 69690/- has been initiated which is absolutely wrong. Please guide me how to solve this dispute.

Read more at: https://www.caclubindia.com/experts/details.asp?mod_id=2855779

Proposed adjustment U/s. 143(1)(a) of Income Tax Act,1961 send to assessee and reply for the same was send in black and white mentioning that is was wrongly mentioned in form 3CD and the statement was like this "We beg to inform that there happened a little mistake in Form 3CD Sl No.20(a).Bonus of Rs.1,80,500/- paid to Employee is simply an indirect expenses which is shown in PL account and not any sum payable to him from any profit of the asseessee.It was wrongly mentioned in Form 3CD.The mistake is regretted and revised Form 3CD is being submitted for your doing the needful.
But today assessee assessed U/s. 143(1) of Income Tax Act, 1961 where the amount for 180500/- added with total income and a demand for Rs. 69690/- has been initiated which is absolutely wrong.
Please guide me how to solve this dispute.

Assessee(Company) has filed Income Tax return belatedly without carry forwarding the Unabsorbed depreciation and MAT credit for previous 6 years. Now Company wants to claim the same in the Current Year Income Tax return. Can he do so?

If company X is selling a capital good to company y (wholly owned foreign subsidiary), then can X give a credit period of more than 180 days to Y under the FEMA Law?

IS TDS DEDUCTIBLE IF TWO OR MORE LAND PURCHASED ON A SINGLE DEED AND THE AGGREGATE VALUE IS MORE THAN 50 LAKHS RUPEES.