Confusion while filling ITR2
- I have a joint commercial property in my and my mother's name say owner A and owner B with equal share.
- It has 2 floors given to tenants, say tenant A and tenant B.
- Ground Floor - Tenant A - Annual Rent - Rs. 5,00,000
- First Floor - Tenant B - Annual Rent - Rs. 4,50,000
- Annual Property Tax Paid - Rs. 50,000
- The tenants distribute the rent between Owner A and B and transfer to respective Accounts.

1. While filling in ITR2, I have to fill 2 House Property as Ground and First Floor?
2. Expense of Property Tax should be divided in 4 Parts ? - Owner - Tenant - 12,500
3. The ITR 2 individually be like:

House Property 1 - Let Out - Owner A - Tenant A
Annual Rent - 2,50,000
Property Tax - 12,500
NAV - 2,37,500

House Property 2 - Let Out - Owner A - Tenant B
Annual Rent - 2,25,000
Property Tax - 12,500
NAV - 2,12,500

House Property 1 - Let Out - Owner B - Tenant A
Annual Rent - 2,50,000
Property Tax - 12,500
NAV - 2,37,500

House Property 2 - Let Out - Owner B - Tenant B
Annual Rent - 2,25,000
Property Tax - 12,500
NAV - 2,12,500

Please advice.

I am a salaried employe with STCG and LTCG. I have filed ITR 2 for AY 24-25 as per the old regime and want to file a revised return after observing few mistakes. At the same time, i found that new regime will be more benificial for me. Is it possible opt new regime in the revised return ?.. Pls provide the link of actual rule in IT act

For Schedule AL, the limit is Total Income of 50 Lakhs

1. Total Income = Gross Income - Set off Losses of Last Year - Deductions Available - Agriculture Income
2. Total Income = Gross Income + Agriculture Income - Deductions Available
3. Total Income = Gross Income + Agriculture Income - Set off Losses of Last Year
4. Total Income = Gross Income + Agriculture Income - Set off Losses of Last Year - Deductions Available - Agriculture Income

Please advice.

Is FIRA advice issued by paypal for exports admissible as proof for GST refund purposes?

Sir,
Our company offering a plan of Virtual plot, our customer will purchase Virtual plot and We will give them to monthly Rent of 21000 per month, (Rent will pay, condition will mention on each Invoice) Now my question is tds deduct on 194I (Rent) or 194A (Interest).

Error :Deduction u/s. 54EC claimed here (Table D) should match with total of deduction(s) claimed in respective asset.

Please advise

Suppose, in an FY, a senior citizen cancer patient makes expenditure of Rs. 4.5 lakh for his medical treatment out of which, Rs. 4 lakh is reimbursed from insurance company. Can he claim the rest amount i.e. Rs. 50k (i.e. 4.5 lakh - 4 lakh) for deduction u/s 80DDB of Income Tax? Or he can't do so since reimbursed amount (i.e. Rs. 4 lakh) is more than max. deduction limit (i.e. Rs. 1 lakh) under the said section?

Dear sir/mam...Total amount of active and inactive shares should be taken in ITR-2 or only active shares amount should be taken???
Please anyone answer me

DEAR SIR,

ONE OF MY CLIENT SOLD AGRICULTURAL LAND IN THE YEAR OF 2011 AND THE COMPENSATION PAYMENT RECEIVED IN THE YEAR OF 2021 RS 882000/- AND INTEREST ARREAS RECEIVED IN THE YEAR OF 2023 RS 1566601/-.

THE INTEREST FROM 2011 TO 2023 IS ARREARS TAXABLE OR NOT TAXABLE
TDS NOT DEDUCTED IN THE YEAR OF 2011 AND ALSO 2023

PLEAS CLARIFY ME IF TAXABLE INTEREST OR NOT

REGARDS

Assessee has purchased flat in Dubai
He has not made full payment towards the cost of the flat but has possession of the same
he can go and stay in the flat

My question is whether to show details of this flat under Foreign Assets in income tax return ?