My taxable income is around 2 lacs , can I show fake extra/other income of 2.5 lacs while filling ITR? whatever the case I am exempted from tax liabilities.
Please advice.
I have a few questions. I am selling a plot. I am a OCI residing primarily in India. I am also providing access to the plot via another section of my property for which I am charging separately.
Questions:
1. Though a citizen of another country, I am residing primarily in India. When selling property does the buyer need to deduct TDS? Online guidance surprisingly states that the answer is no. That it is the residency status and not the citizenship that matters.
2. Is the TDS percentage the same irrespective of whether the payment is made for sale of property or for access/use of another property.
3. If the buyer does not deduct TDS then do I file taxes in India at year-end. My income is below the lowest required for filing taxes in both India and the other foreign country of which I am a citizen (due to substantial losses in business).
4. Do I need RBI clearance for selling a property to an Indian citizen residing in India?
SCHEDULE PART A GENERAL -
Whether you are director in a company at any time during the previous year?
If yes please furnish the following information.
The popup window to select YES or NO seems to be disabled as a result validation of the work sheet is not possible. Tax is not calculated. How to proceed now. I have downloaded ITR-2 from Efiling site number of times, it is happening with all the downloaded files
Respected Sir / Mam
Can I show travel agent income in Itr under presumptive scheme.
Regards
Varun dhiman
Gift from my mother’s sisters son to me is taxable or exempted qualifying in relatives ?
In no accounts case whether we can declare lossess with books of accounts maintained??
(i) Upon receipt of an application under sub-section (4), the Registrar may, on the basis of information and documents furnished along with the application, reserve the name for a period of twenty days from the date of approval or such other period as may be prescribed:
Provided that in case of an application for reservation of name or for change of its name by an existing company, the Registrar may reserve the name for a period of sixty days from the date of approval.
Registrar may reserve name whether 20 days or 60days?
Hi there,
I purchased 3 share on 2022 and sold within 1 year so it's my stcg or stcl.
Confussion: in my broker tax p/l statement they show that its my stcl.
Example : sales 80000
Purchase 79500
Stt paid 700
They show me it's my loss
In itr what did I show?
Sales 80000 - purchase79500 =gain 500?
As per my knowledge stt cannot be claimed as transfer exp.
Am I right? that's my stcg
I viewed a sole proprietor's capital account, in that account there were following credits
By amt tfd th. Neft/lic
By lpg subsidy
And following debits
To amount of rmf transfered as per c/c act
To amount tfd as per c/c account (nippon)
To cheque no***/star health insurance
To cheque no ***/ lic
To advace tax
To income tax...
My queries :-
Why are there these things of personal nature like lic, income tax, star health insurance, lpg subsidy, investment in rmf and nippon credited or debited in business capital account....
If they are shouldn't they all be shown as withdrawls or additions...because they are not concerns of business...
And i assume c/c means cash credit how can it be used for buying rmf and nippon mutual funds, isnt it granted for working capital purposes, shouldnt it only be used for business....
What does individually these entries mean like how come lic is paying him money, if a policy matured or what and how come it is being brought into books it is personal, same with lpg subsidy...
Shouldnt income tax be paid by him personally and profit from this business shown under pgbp but he debiting the same in business books...
What the deal with advance tax....
Is Li-Fi technology a good topic for my ITT training project?
All Subjects Combo (Regular Batch) Jan & May 26
Extra income in ITR