A property was sold on 03 April 2019 for Rs. 60,00,000 and purchase cost indexed was Rs. 40,00,000. What would be the amount to be deposited in CG deposit account and when will it needs to be deposited as per IT?

Dear Sir ,
The dealer is a trading concern & registered under gst act in odisha since last ten years my turn over is below 20 lakhs want to cancell my registration certificate wef 01/04/2019 due to enhancement of minimum limit for registration from 20 to 40 lakhs .The dealer is dealing in medicine in retail and presently he is a composition dealer under gst act .Please advice when to apply fore cancellation the dealer will contuning the business and the turn over will below 20 lakhs .

with thanks & regards
chinari ganesh.9437339943,8018753174

sir,
In mp govt employees half of the 7 th pay arrears goes into gpf account and half of amount is deposited in the accounts regard this I have some questions like-
1. Is amount goes into gpf account is taxable or not.
2.If exempted than which section is implied.
thanks

I am a resident senior citizen tax payer. I do invest in ELSS MF(Growth option) each financial year to save tax under section 80C of Income tax Act.
I had invested as usual in some ELSS schemes in March 2016 which I intend to redeem now after completion of 3-year lock in period. Since introduction of LTCG tax by the central budget 2018, this the first time I will sell ELSS units.
As such I am in need of some clarifications on calculation of LTCG from experts.
The following example will be helpful for me.
I had purchased 1690.846 units of a particular ELSS on 09.03.2016 at a price of Rs.29.57/unit. The total investment was Rs.50,000/-
NAV of these unit on 31.01.2018 was Rs.44.8938/unit
My sale price on 12.03.2019 is Rs.46.253/unit
Appreciation in value since 31.01.2018=(46.253-44.8938)=Rs.1.3592/unit
Hence total gain= 1.3592*1690.846=Rs.2298
Since, LTCG upto Rs.100000/- is tax free in a financial year, I am not required to pay any tax for this gain.
Am I correct?
Kindly, give me expert opinion.

Sir ,I've received ITR refund of Rs 2900/- in FY 2018-19(without any interest) and some cash gift(aprx 40000/-) from mother through cheque in June 2018(FY 2018-19).How to these to be shown in ITR-4 while e-filing of itr in FY 2019(AY 2019-20)?Are these income be taxable?Please help sir.Thanks in advance.

Hi All,
I am working with an Co. and here I have to file TDS return for Q3. But the person who has done payment has Mistakenly mention wrong AY in the challan which is showing now Unmatch. Ideally the AY has to be 2019-20 but instead it has put 1961-62. Since he year gap in huge. I was unable to do online. I visited the Income Tax Officer..From there I got to know that I have submit Total 3 document 1. application Letter for Rectification which...2. INR 500/- Indemnity Bond 3. NOC from Client....these all in one PDF File less than 2MB.....I have to give them these all documents in Pen Drive......Can Anybody help me with the Format of NOC and Indemnity letter format. I tried to find out online but failed.

It will be great help!!1 Thanks!

Hey everyone,

I applied for TAN and i got my TAN number on my email as well as a pdf file attachment. But file attachment is required six digit password to open.

So what should be the password and which six digit i have enter to open that file.

Regards.

I am a retired person having income from pension and bank interest only. If I want to make some cash gift from my savings to my wife who is a housewife, is that permissible under law? If yes, is there any specific procedure for it and what is that? Is there any upper limit per year of such cash gift?

My company credited my TDS into the wrong PAN 11 yrs ago and now in the 26 AS form in TRACES the amt is not being reflected.The Govt has levied me more the 200 % as penalty.What is my recourse.

According to form 26AS the total TDS for the AY 2018-19 was Rs. 42313/-, but the intimation has come stating that there is a mismatch in TDS and it was only Rs. 36643/- hence asking for another payment of Rs. 6560/- over and above what i have already paid in ITR.
In the intimation they have put two TDS transactions for supporting the mismatch stated.
In form 26AS all the TDS depositing transactions have booking status as 'F' and i have checked thrice that TDS total is Rs.42313/- in form 26AS.
Gurus please help at the earliest for what to do and how to reply for this intimation.