Puneet

Hello I wanted to know that can we take labour contract charges in HUF account.


Mr. A.B

I sold some units of Motilal oswal S&P 500 (some within a year and some after a year). Since it is taxed as debt, should it be shown as STCG under debt ("From Sale of Assets other than all the above-listed items" in CG section) or Sec 111A. please help.


Manoj Chauhan

Dear Sir/Madam,

Please let me know whether standard deduction of Rs.50,000/- is available under the following circumstances:
(1) The individual is having pension income as well as income from business/profession/consultancy
(2) He/She is opting for new tax regime (FY 2022-23).
Thanks and regards.


UDAY GAJANAN DATAR

SIR
I AM STAYING AT BARRACKPUR NEAR KOLKATA, WEST BENGAL
I HAVE BOOK 1 FLAT UNDER CONSTRUCTION WHICH WILL COST AROUND 60 LAKH.
1) BUILDER SAYS I HAVE TO PAY 5 % GST AND I AM READY TO PAY AND HE SAYS I SHOULD NOT DEDUCT 1 % TDS
2 ) BUT WHEN SEARCHED ON INTERNET IT SHOWS THAT WHILE PAYING TO BUILDER'S I SHOULD DEDUCT 1% TDS AND PAY TO BUILDER.
MY QUESTION IS -- MY PROPERTY IS MORE THEN 50 LAKH AND UNDER CONSTRUCTION SO I SHOULD DEDUCT TDS AS WELL AS I HAVE TO PAY GST OR NOT ??
OR I SHOULD PAY ONLY GST ???
PLEASE TELL ME
THANKS
UDAY


VIKAS KUMAR SHARMA
17 July 2023 at 20:26

IF TURNOVER CROSS 1CR AUDIT

turnover Rs 1.10 cr (without gst) including gst Rs 1.16 cr for ay 2023-24 in previous year continue filing ITR 4 under US 44AD. Should go for audit or continue with 44AD (cash expense more than 5%)


tusharthosar
17 July 2023 at 20:20

Tution fee deduction salary person ?

मै सॅलरी पर्सन हू.
फॉर्म नंबर 16 मै ट्युशन फी deduction नाही लिया है .
तो मै ट्युशन फी का deduction 80 c मे लै सकता हू क्या?
या सॅलरी exemption
section 10(14) (ll) मे लेना चाहीए ?
please solution?


Thelappillil Linson
17 July 2023 at 20:18

ITR2 FA

1. Do we have to report the assets upto 31 Mar 2023 or 31 Dec 2022 for the US stocks?
2. Please clarify whether the conversion rate used is the SBI TT buying rate as on the previous month.
3. Does the taxpayer need to submit a separate form 67 to obtain the foreign tax credits


VINAYAK ASSOCIATE

DEAR SIR, I HAVE RECEIVED INTEREST ON FDR IN FY 2022-23 WHICH WAS CREATED 5 YEARS BEFORE. NOW I WANT TO FILE MY ITR BUT THE INTEREST BREAKOUT AS PER 5 YEARS , CURRENT YEAR INCOME IS NOT TAXABLE BUT CUMULATIVE INTEREST INCOME IS TAXABLE.
SO CAN I GET RELIEF UNDER 89(1) OR NOT. AND IF NOT THEN WHAT IS THE PROCESS TO GET TAX RELIEF. PLEASE SUGGEST


Kollipara Sundaraiah
17 July 2023 at 19:12

Two pan cards surrender options

Sir,
It assessess two pan cards at present one pan card surrender.
Question:
Assessess pan card surrender to local jurisdiction officer only or any other option.


Kishor C. Shah

i have one query related to charging of Management/Service Charges on Overtime wages.






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