This Query has 1 replies
Dear Sir,
We have purchased 2 Plots from Riico in Year 2002. In the Fy 2017-18 we have sold one plot on agreement and offered the proceeds to tax. Now in the Fy 2021-22 the registry of plot is being done.
Now the RIICO is saying that there was a change in partnership firm during the year 2006 so you will be charged with stamp duty which will be collected by sub registrar Rs 18.50 Lacs. My query is can be claim it as revenue expenditure. We can not claim it as tranfer expenses as the proceeds have been offered to tax in the F/y 2017-18 itself.
This Query has 3 replies
Respected Sir,
Can any one guide me please. How to file TDS Return through the new portal of income tax . Please let me know the procedure and oblige.
This Query has 1 replies
Kindly advise whether i have to file any form for sale of flat by my son on 31 st March 2021. If so what is the last date and what is the Form no.
This Query has 1 replies
Hello,
I have register myself on income tax new portal for filling my ITR 1 return first time.
I have registered successfully yesterday, but while filling return, in personal information autofill section my name, dob and pan no.is not showing...
Plz anyone help that why this error is coming asap.
Thanks.
This Query has 1 replies
Sir,
A individual status business person municipal tax and professional tax payment details mentioned below in 21-22
Rs:35,000/- year 21-22
Rs:35,000/- year 22-23
Rs:35,000/- year 23-24
Total rs:105000/- pay municipal tax in f.y.21-22
2.professional tax payment details
Rs:2500/- year 20-21
Rs:2500/- year 21-22
Total rs:5000/- pay professional tax in f.y.21-22.
Question:
Assess municipal tax and professional tax payment expenses claim current year of pay amount only or total pay amount claim eligible in it act.
This Query has 3 replies
For A Y 2014-15, The assessee has paid outstanding TDS as on 31.03.2014 before filing of Return of Income u/s 139(1) of the Income Tax Act
My question is whether the expense subject to above TDS will be added back or paying TDS before filing Return of Income u/s 139(1) is due compliance ?
This Query has 1 replies
My client has assessed U/S 143(3) Of IT Act. order dated 06-06-2016.
My client has received notice U/S 148 dated 30.06.2021 for the AY 2014-15. Can this case shall be reopened or not? can you clarify on that
This Query has 1 replies
An assessee who paid self assessment tax while filing reutun. As 143(1) intimation tax paid as provided by tax payer correctly reflected but as per assessment tax paid as zero and demand raised . AS per 26AS tax paid amount reflected. I want to give response to outstanding demand , in new website under pending action drop down i click response to outstanding and click disagree tab then numerous rows exhibited. Out of which first row " Demand paid having cin ( With Challan) Second row Demonad paid having cin ( without challan) . I click first one but no BSR code , challan no , date not enabled. I want to know how to respond. Also I want to know the interepreation of with & Without challan
This Query has 2 replies
Sir
My income for the year 2020-21
Income under section 194j(44ADA) Rs. 40000/-
Pension EPS 95 Rs. 30000/-
Part time income for File the GSTR Return of some party Rs. 60000/-
Income from Interest on FDR Rs. 500000/-
Income for Sale of Shares Rs. 15000/-(Short Term Rs. 25000- Long Term Rs. 10000)
please advise which form utilize for income Tax Return. whether amount of Rs. 60000/- claim in under section 44 ADA if not please advise how to show in Income Tax Return
Thanks
Dharam Pal
9810600330
This Query has 4 replies
Dear experts,
MY RELATIVE IS Farmer and having agriculture land at Maharashtra now he want to sale this land and approx value is 21 lakh but buyer paid this amount in cash. As per above situation it's violation of income tax rule 269SS for cash transactions above 2 lakh. Also please tell income tax provisions in above suituation.
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Allowable Expenses of Buisness