Respected Sir,

in itr page where should I show (Outward foreign remittance/purchase of foreign currency)

money send for son's education and accommodation in UK

It is also reflect in TIS

IS IT POSSIBLE TO CONVERT INCOME TAX AIS / TIS STATEMENT TO DOWNLOAD IN EXCEL FORMAT FOR THE PURPOSE OF CALCULATION ?

What are the cases where a company can avoid filing form AOC-2? Cases where a company do not have to file form AOC-2?

Hello Sir,

1. I have sold house property inherited from my father for Rs75L in May 2023 and received long term capital gains of Rs 50L
2. Besides this, I am also planning to sell one more property for Rs65L which will give me Rs35L of long term capital gain.
This property was self acquired by me in 2003, I had fully invested in this property and there was no investment from wife; however, this property was registered in my name and my wife's name jointly
3. With the sale proceed from these 2 properties, I am planning to buy a NEW property that will cost around Rs 1Cr,

Kindly clarify,
A> Will Long Term Capital Gain be applicable for my wife also, even though there was NO investment from her side
B> In case, LTCG is applicable for my wife from 2nd property, will it be equal for both i.e Rs17.5L each. If yes, then total LTCG will be :
i> For me, LTCG will be Rs 67.5L (Rs50L from inherited prop + 17.5L from self acquired prop)
ii>And for my Wife it will be Rs17.5L
C> While buying new property do we need to mention exact % ownership in registry of property as per respective investment from both of us , i.e. , Rs 82.5 L (LTCG + extra amount) from my side and Rs17.5L (LTCG only) from wife side so that both can claim tax relief under section 54?

Regards,
Sanjeev

what is form AOC-4 , By which purpose filled it , by whom it is filed and what is due date.

Dear members of the CA community,
Greetings from the Indian Institute of Management, Tiruchirappalli.
I am Priyesh V. P., an assistant professor from the finance and accounting department.
At IIM Trichy, we are conducting a research on the use of audit automation tools by Indian auditors.
We would greatly appreciate it if you fill our survey . The participation of CAs in our research will enable us to gain a better understanding of how the profession currently views audit automation and highlight the factors that influence the adoption of automation tools, particularly in statutory auditing.
We anticipate that the survey will take about 10 minutes to complete and will be treated with strict confidentiality and used only for research.
To participate in the survey, please follow the link provided below.
https://iimt.qualtrics.com/jfe/form/SV_6DVx2giECqfCg8m

I also request that you share the survey with your colleagues.

Regards,
Priyesh

what is returns to Fill MSME payment date.
Due date and it is mandatory to fill by company and LLP regarding payment of MSME.

what is DPT-3 , what is Due date to fill it, By whom this returns is filed. is mandatory to file it.

DEAR SIR

MY PVT LTD COMPANY PURCHASED A FLAT ON DATED 06.03.2010 OF RS 1,44,60002.00
AND SALE THIS FLAT ON DATE 07.09.2022 OF RS 1,70,000,00.00 SO PLS LET ME KNOW WHAT ENTRY I PASS IN MY TALLY AND WHAT WILL BE CAPITAL GAIN

THANKS IN ADVANCE

Assessing Officer made huge amount of addition without supporting evidence. The Assessee was exemption for payment of 20% of demand made by Assessing Officer before filing the appeal is it possible for non payment of 20% of demand incase of ruthless assessment made by Assessing Officer.