Respected Members,
I had shares of few companies while I was residing in US. Now that I have shifted back to India, wanted to check on the few things:
>>The holding currently I have is not doing well and on selling those shares I would be incurring loss, will I be allowed to offset the loss on shares in NYSE here when I file my Tax return in India.
>>If yes, how long will carry forward of loss be allowed to offset with the gains in future years.
Capital Gain arising from the sale of a flat is 6,60,000/- ( Sale value is 40,00,000)
The new flat purchased is rs.85,00,000.
Under which section can I claim the deduction for income from capital gain?
54 or 54F.
We purchased Assets worth 2 Lacs in 2020 December, for which cheque payments were made. But forgot to include the same while preparing the balance sheet. Hence it neither reflected in the balance sheet, nor its depreciation availed in the P&L.
How do we include this in the next financial year's BS i.e. 2021-22. at what value ?
Can we charge the last year's depreciation in 2021-22 ?
Do we need to intimate the IT Dept for this omission ?
Thank you
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Kindly guide if one person has two businesses in which one is proprietory and in second business he is partner with 33% profit (without any remuneration and interest on firm means totally on profit sharing with 33% only) .so guide in that case while filing income tax return of individual is there any need to show profit of 33% when we have already paid tax while filing audit report and in return of partnership firm in 30th september.if yes then under which head we need to disclose the same in itr 3?
Previous year F.Y. 20-21 purchase bill booked in F.Y.21-22 and ITC claimed in F.Y. 21-22, and that bill shown in 8A of F.Y. 20-21
can we eligible for claim ITC in F.Y. 21-22??
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