What is the cash limit for advance to employees as per the income tax

Sir,
A partner ship firm purchase of property registered name in partner and property value payment through on partner ship firm.
Question:
1.Above transaction treatment firm and partner account (both persons) show in books in it act
2.capital gains applicable.

Dear Sir / Madam,

My query is related to Long term capital gain on sale of property.

1) Mr A has purchased 2 adjacent flats in March 2021 in joint ownership with his wife. He combined two flats and made as one flat with one kitchen. The society issues two separate maintenance bills for each flat.

He has sold his 1 flat, which was in joint ownership with his Mother Mrs B, in
December 2021. Thus, he is eligible for claiming capital gain tax exemption u/s 54 as the 2 flats were purchased by him 1 year before this sale.

In old property, which was sold, The mother's name was added to take the benefit of lower interest housing loan which was given to woman borrower. But the housing loan repayment was made by Mr A only.

So my questions here are that:
1) Can we show 2 adjacent flats as one home purchased against sale of the property for Mr.A??

2) Can we consider share of Mrs B in flat as 5% only while calculating the capital gain, as she was joint owner for namesake??

3) or its okay if we show entire transaction in Mr. A's return only, without showing anything in the return of Mrs B, though her name was there in both the purchase & sale agreement of old property.


The same Mr A is selling his ancenstral property now and investing in another new house.
Can he claim capital gain tax exemption on this sale also, being a separate trasanction??

Kindly guide.

Thank & Regards,
Suraj

We are Pvt Ltd company.
our director transferred some funds from company bank account to his personnel account and balance is not getting Tally with his expenses voucher. Debit balance still remains in to his account.
Can we adjust this balance with Cash expenses vouchers. if yes, which cash expenses we can book against this advance.

Our company turnover above 10 crore. last year so we are liable to collect tcs @ 0.1% from our customer whose turnover is below 10 crore & transaction limit above Rs. 50 lacs. We already started collecting tcs on every bill from 1st April 21. Please suggest me whether it is wrong or right. Do we need to wait to cross the limit?

Hello, A composition Dealer did not file the Annual Returns from 2017-18 to 2020-21. All Quarters Tax deposited on declared Turnover. What will be the consequences as 2017-18 and 2018-19 was voluntary. whereas, 2019-20 and 2020-21 was mandatory.What amount of late fees, and Interest applicable for later years. and ,mode of deposite, Under DRC or regular challan. Kindly share valuable opinions. With warm regards.

Dear sir,
An amount showing wrongly in exampted income but it is taxable as per IT ACT FOR F. Y. 2019-20, we have received intimation 143(1)
For demand, by taking tax on said examted income so what we can do revise, rectify, or any other way

FACING AN ISSUE WHILE SUBMISSION OF E FORMS ON MCA - PLEASE SUGGEST RESOLUTION
SECTION 8 COMAPNY REGISTRATION
MY SEQUENCE OF FORMS TO BE UPLOADED ARE AS UNDER:
1. SPICE PARTB
2. MOA (PHYSICALLY SIGNED)
3. AOA (PHYSICALLY SIGNED)
4. AGILE PRO
5. INC9

1) Assessee is an resident individual
2) He has 2 businesses and 1 profession, income from which is offered as Income from Business / Profession
3) He owns 4 residential houses
4) 3 houses are let out; either for full or part of the year
5) 4th hosue is self-occupied
6) All 4 houses are shown as Fixed Assets in Balance Sheet
7) Rent from let out houses is offered as Income from House Property

Query:
a) Can assesse claim depreciation in P&L account of Business / Profession?

Dear Sir,
My CTC is 11lac but I have started a flying business last year where in I incurred a loss of around 75k so which ITR do I need to file and will my loss need auditing??