DEAR SIR,
ONE OF MY CLIENT SOLD AGRICULTURAL LAND IN PREVIOUS YEAR THE LAND WAS PURCHASED IN THUC YEAR OF 2000 WORTH OF RS. 6,00,000/- LAKH RUPEES NOW THE LAND SOLD WORTH OF RS. 50,00,000/- NOW MY QUERY IS SALE OF AGRICULTURAL LAND IS EXEMPT INCOME AS PER IT ACT. THE ASSESSEE IS HOUSEWIFE HIS HUSBAND IS FARMER BUT GOVT EMPLOYEE AND HE PURCHASED LAND IN HIS WIFE NAME AND ALSO THEY PURCHASED AGRICULTURAL LAND WORTH OF RS. 7,00,000/- REMAINING AMOUNT DEPOSITED IN SB ACCOUNT.
NOW HOW FILE IT RETURNS CAN WE FILE THE INCOME FROM SALE OF AGRI LAND TREATED AS EXEMPT INCOME BECAUSE THE ASSESSEE HAS NO OTHER INCOME.
THANK YOU
Hello Sir
I have income from commission (LIC) and some nominal short term capital gain from share market for which i filled ITR 3, and filled no account case, but while submitting the return is was showing error as Balance sheet is mandatory to fill if income above 2.5 lakh.
please help to resolve the issue
Which HSN code should be barley (jau) sattu, which is made after roasting barley and then powdering it, classified under? What should be the applicable GST rate for this item?
Dear Sir,
Tax payable Rs. 16000 while filing Itr-1
My query is any option is available to file itr1 with zero tax liability and no risk in future or should it pay Rs. 16000?
What will be the best please guide me....
Thanks in advance..
while filling ITR 3 I have not entered any amount under SEC 80U Sch VI . During validation the error comes"In Schedule VIA, deduction u/s 80U for self with severe disability cannot be more than the maximum limit of Rs.1,25,000". As suggested by Mr Dhirajlal on 21st June I have deleted SEC 80U under Schedule C and D. Still same error is coming. Kindly review
Read more at: https://www.caclubindia.com/experts/itr3-filling-error-in-schedule-via-deduction-u-s-80u-for-self-with-severe-disability-cannot-be-mor-2901689.asp
Dear Sir,
A Taxpayer forget his login password. Aadhaar is not linked with PAN. Some disability on his thumb. So option of DSC can not be use. A application sent to income tax in e-mail id "validate@incometaxindia.gov.in" but this email id is not valid. Now the taxpayer have any option to reset his login password.
HI Experts,
I had filled my ITR for FY 2021-22. At that time one of my client had not filled TDS and the same was not showing on my Form 26AS. Thus, I didn't claim that TDS amount and didn't carried forward.
After my filling of ITR, the client filled TDS.
Now, can I claim that TDS amount in my ITR of FY 2022-23 as the same was not carried forward?
The error on validation "In Schedule VIA, deduction u/s 80U for self with severe disability cannot be more than the maximum limit of Rs.1,25,000" continues to occur in efiling @ ITR3 while I have not claimed any disability, nor filled in anything at 80U. Kindly advise
Can anyone tell me where to put it? There is one section called Short Term and Long Term Capital Gains, but that is added to Taxable STCG at applicable rates, instead of at 15% in the BFLA sheet.
Thank you.
what is the procedure to publish public notice under partnership act in official gazette, for retirement or dissolution.
According to website, in our state, west bengal only change of name, religion etc. can be published in official gazette. the indian govt department of publication also does not have any clear guidelines for partnership firm in their website.
what is the procedure to be followed to comply with this section of partnership act?
what is the avg time required to finish this process
All Subjects Combo (Regular Batch) Jan & May 26
SALE OF AGRICULTURAL LAND BY OFFICIAL FARMER