For the case of Joint bank account held by spouses, wwhere should the interest income from savings account and term deposit be reflected.

Should the interest income be attributed to the Primary account holder?
What if the Term deposit was created from amount contributed any joint account holder and not the primary account holder for spouses case?

1. Some sites say it should be shown in Primary account holder ITR filing as clubbed incomes
2. Or it should be equally divided.
3. Or should it be shown in joint holder's ITR filing

In case of either option 2 or 3 above, as it is showing in AIS of the primary accont holder, how should this be reconciled while filing ITR return

Dear Sirs,
I have query regarding sale of my ancestral house. My father brought house (RCC constructed) in 1989 and I sold it as a plot in year 2022 after demolishing the house. Size of plot was 1500 sq ft. Sale value was calculated as per local guideline value (government rate/SFT) of plot because buyer has purchased plot.

FMV as per registrar guideline in April 2001 for plot was Rs. 450/SFT and RCC house was Rs. 750/sft.

How capital gain with indexation will be calculated i.e. considering plot guideline of 2001 or house guideline. Do I need to consider house value somewhere in this calculation.

Also do i need any certificate from govt. authorized surveyor for FMV of 2001, I got the value mentioned above through PDF file online that was published to help tax practitioners in 2001 time
Please help
Thanks in advance

My company was incorporated in f.y 2021-22. The statutory auditor who filed ROC returns last year is not responsive. Please guide me can I change the auditor without resignation of last auditor. ??

Dear Sir / Madam,
My query is as follows:

Ms A is co-owner with her mother in Flat No. 1 & Flat no.3 on 50:50 basis each.
She is also a co-owner with her Grand mother in Flat No.2 & Flat No.4 on 50:50 basis each.

All flats are vacant. Hence For Ms A, there are in all 4 properties whereas her mother and her Grandmother have 2 properties each on co-ownership basis with Ms A.

So my question is: since all flats are vacant, for her mother & her grandmother, 2 flats will be treated as SOP.

But For Ms A, 2 flats will be SOP & 2 flats will DLOP.

So how to show rent of DLOP flats in the returns of Ms A, her mother & her grandmother ? because suppose rent is Rs. 10000/- pm each for 2 flats then for her share it will be 5000/- pm for each flat. But those flats would be SOPs for her Mother & Grand-mother.
Then are we supposed to show rent in the return of Ms A only and SOPs in other two cases? Bit confused....

Kindly guide me.

Regards,
Suraj

Is UTI Fixed Term Income Fund Series XXXI - V (1174 Days) a Debt fund ?? Is it to be shown under other assets in ITR 2 for its sale ??

I have cleared my group 1 in PCC intermediate course and got converted in to IPCC and my registration got lapsed on 19-7-2021. Now i want to continue my intermediate to clear my left over subjects. i have completed my articleship under PCC scheme and computer course also.
please guide me how can i revalidate my registration.

Thank you

"In Schedule VIA, deduction u/s 80U for self with severe disability cannot be more than the maximum limit of Rs.1,25,000"
After filling ITR3 online , above message appeared 10 times .What to do?

Hi esteemed experts,

I require assistance to deposit TDS on immovable property. I have bought a property above 50 lakhs and have paid installments as follows :

payment date Seller receipt date Amount as installment
14/03/2023 15/03/2023 670,300.00
24/04/2023 25/04/2023 670,300.00
21/06/2023 22/06/2023 744,778.00


However, I have not paid TDS. I have the following queries:

1. Will I be required to pay TDS 3 times or in lumpsum?
2.What should I put in Date of payment/credit made to seller?- will it be payment date or receipt date as per table above?
3.What should I put in the column of date of deduction?
4.Will I be required to pay penalty and will it be automatically calculated once I give the above dates and amount ?
5. In the column where the various amounts are to be given, there is one field which requires "total amount paid /credited to seller- should I put the whole amount or amount net of TDS?

I will be extremely obliged if my queries can be resolved.

Dear sir. One of my client resign from service after 10 year of service. As per information company that it will take 1month time to show date of exit in pf portal.
While checking in employees login such details not showing. They further says that the made exit in PF it will take 1 month to reflect in pf portal and 2 month time for withdrawal from money from pf. Iets me know is this is correct? And exit from service update employer or employee.
My friend says that employee can update exit from service.
Please advise

Dear Sir,

I have a Housing Loan and I am going to pay 4 Lakh as Interest in a year. And I have one house which one part is self occupied and one part I am giving for Rent (Monthly Rent 9000). So my question is how can I claim this for my TDS deduction, What is the maximum I can claim under housing loan interest both self occupied and let out property ?

Thanks in Advance