How to obtain NOC From Income tax officer to furnish bank manager to withdraw the amount in capital gain amount
This year I have made around 1.8k short term gains and one intraday trade with a loss of Rs 7.95.Suppose this year I file ITR-3 with the intraday loss under Business Income head and Short Term gains under Capital gains head. Since I have intraday loss, I might have to do audit as well. But now suppose in the next year, I dont do any Intraday transaction and stick to short term/ long term gains, then I dont have any business income since I wont have any intraday trading and I will be reporting short term/ long term gains under Capital gains head.Then can I file ITR 2 in the next year since I wont have business income?Or will I have to stick to ITR 3?Basically what do I need to do now so that I can shift to ITR 2 in future?
Whether there is any Issue in downloading TIS & AIS from Income Tax Site. While we are downloading it is always showing no details to download eventhough it contains details.
Sir,
It assessess download 26as f.y.22-23
Sec 206cq dt:17-01-23 amount paid rs:137354/-
Name of collector:Lulu forex pvt ltd
Tcs deposit:6868/-
Question:
Assessess above 26as transaction show procedure in it returns and books and tcs amount claim allowed.
Company 'A' is having 28% investment in Company 'B'.
Company 'B' is also to be considered while consolidating Company 'A's financial statement? Please advise.
We are facing issue in registering director of company on MCA portal as MCA portal is showing Personal detail mismatch. However we enter the correct detail of director as per DIR-3 KYC and as per PAN . Kindly look at the problem and resolve the problem as soon as possible.
SIR
MR.A PRUCHAES OF LAND AS ON 1983. TOTAL 4500 Sq.fit. COST OF RS.11450/- HE SOLD THIS LAND AS ON 20.11.2022 RS 15,00,000/- 1800 SQ FIT . AND ANOTHER SALES OF 800 SQFIT AS ON 23.3NI2023 RS 5,90,,000.HE SPENT IMPROVMENT EXPENSES AS ON 10.1.1977 RS,45,000/- AND 16.12.2005 RS/. 85,000/- 10.1.2019 RS 65,000/- 6.09.20012 RS.77,000/-
MY QUERY IS
1)THE IMPORVMENT IS APPLICABLE IS WORKING LONG TERM CAPITAL TIME?
2) THE BALANCE 1900 SQ FIT HAS SOLD AS ON 15.5.2023.
3) AT TIME ANOTHR IMPROVMENT COST EXPENSES RS. 87000/- AS ON 18.09.2108. THE IS AMOUNT IS APPLICABLE WORKING ON CAPITAL GAIN FOR THE AASST-YEAR 2024-25
PL GUIDE OF THIS WORKING CAPITLA GAIN
THNAKS
I am planning to buy an electric car with SBI assured car loan (@rate 9.6%). I am planning to keep enough funds as FD in SBI (@rate 7.5%) in order to get 20 Lakh car loan for a tenure of 60 months and to pay the EMI from its interest. I understand that I can save tax under 80EEB for the interest I am paying for the electric car loan. I unable to work out the mathematics. Can some one advise which one will be economical for me, whether to go with this arrangement (loan on FD and getting tax rebate) or buy the car by paying cash directly? I am a senior citizen. Annual income INR 800,000/- from LIC annuity schemes, FDs and Rentals
Dear Sir Madam
I only started trading in future and options last financial year . Earlier I used to trade in equities only . Now my question is where to get the proprietor capital figure to start a balance sheet.
How to post journal entry of tution fees collection from individual student in tally keeping the outstanding of individual student Suppose a student X have an outstanding tution fees on 1st April 50000/- and received an amount of 25000/- in FY22-23. Show the journal entry for tally please share your answer it's urgent.
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How to obtain noc from ito