1) What will be deemed rental value of house property if --
a) House is in remote village and is unfit to reside in and due to remote area there is no value of rent ( rent value is nil) as nobody is ready to take house on rent
How to convience income tax authority that deemed rent is nil??
Kindly guide
Thanks

While filling GSTR3B filed with selecting Nill rereturn due to this we have not claimed ITC in 2023 ITC comparison statement showing short fall. We have not utilise the same. Please suggest what to do

One film production company received subtitle services from one gst registred person and paid GST to him. Now CAN film production company take ITC against his sale of services liabilities?

DEAR SIR,

ONE OF MY CLIENT PURCHASED A RESIDENTIAL HOUSE IN THE YEAR 2023-2024 COST OF RS.9,00,000/-, HE HAS SOLD THE PROPERTY COST OF RS.15,00,000/- IN THE YEAR OF 2024-2025, AND ALSO HE HAS PURCHASED AN AGRICULTURAL LAND OF COST OF RS.15,00,000/-.

NOW MY CLIENT AVAIL THE CAPITAL GAIN EXEMPTION BENEFITS OF U/S 54

THANK YOU

An Indian working & paying Income Tax in Singapore for last two years but visits India for more than 60 days then he becomes a Resident for IT purposes.

1. What is the significance of 60 days rule?
2. What would be benefit/disadvantage if he visit less or more than 60 days?

We are four siblings and planning yo sell a plot along with three shops built on it in a town in karnataka. How do we show the income recd as a part of my share in my tax return and do I need to pay any income tax on the amount received. If I opt not to take any amount from the sale proceeds ,do I still have to pay any tax on my share in the proceeds as I willbe signing in the sale deed even if i dont accept the amount .also let me know which will be less costly and less cumbersome to execute a gift deed or relinqishment deedfor my share in favour of any other sibling .

Dear sir.
I got below below details by email and SmS
"Dear EIXXXXXXXH, An opportunity to file your updated ITR under section 139(8A) for A.Y.2022-23 upto 31-Mar-25. File your ITR-U on e-Filing portal today. -ITDept"
During year I let's from company and doing part time work during year my annual
income is below 1 lakh. I have no other income during period and using old saving fund for living.
I may be start business in next year.
Let's me know .
1.wheter I need to file return
2.if there is interest or fine have to pay.
Please advise
Binu

RECEIVEING EMAIL REGARDING UPDATING RETURN FOR 2022-23 FROM INCOME TAX DEPARTMENT. WHY INCOME TAX DEPARTMENT SEND THIS EMAIL

For a transport company, buying a transporting vehicle, is there allowed GST credit?

Bill Sub Total: ₹180.00
Add : Packing Charges: ₹10.00
Less : Discount: ₹14.40
Add : Swiggy Payable GST: ₹8.78 (on 175.60)
Total = 184.38 (customer paid)
what should be the sales amount to be shown by restaurant ?
Now when the payout amount is received (weekly settlement) the split up is as such
Amount received from customer 184.38
Less : Commission 42.41
Less : Coll. Chrge 3.69
Less: GST on Com & Col Chrge @18% 8.3
Less: GST from customer (@5%) 8.78
Less: TDS 194O 0.18
Total Amount Received 121.02
Now should be the entry to be made while receiving this amount ? and how it should be shown (even in tally)