ASSESSEE SOLD A RESIDENTIAL FLAT-A IN JAN'25 FOR 1.5 CRS.HE HAD BOOKED ANOTHER UNDER CONSTRUCTION FLAT-B DURING 2021, FOR WHICH HE HAS PAID 1 CR TILL NOW AND WILL GET POSSESSION OF THE SAME IN FEB'2026.
WHETHER HE CAN CLAIM EXEMPTION OF 1 CR UNDER SECTION 54 FOR THE SAME AS HE IS GETTING POSSESSION WITHIN 2 YRS OF SALE OF FLAT-A.?
Tax Audit for FY 2024-25.
One of my client had turnover below Rs. 2.00 crores during FY 2024-25, but his cash receipts are more than 10% of the turnover. Whether he can declare his income u/s.44AD ?
Taxable part of immediate annuity
I know that annuity income is taxable. I want to know in case of immediate annuity , is part of it non taxable due to exclusion ratio concept? If yes, how to calculate it ?
ITR FROM FILED
WHICH ITR FORM TO BE USED FOR RETURN FOR SALARY INCOME+ 44ADA INCOME ??
AS HALF THE YEAR UNDER SALARY INCOME AND HALF YEAR AS CONSULTANT INCOME
Salary u/s 194C
Dear Sir,
If a person getting a salary and employer deduct the TDS under section 194C. in this case Have I to file a ITR-1 salary return or ITR-4 business return 44AD?
he is delivery boy of flipkart.
Thanks and regards,
Pratik N Patel
Nill TDS Return FY 2025-26
I have deducted TDS on Rent and filed TDS Return for the F.Y 2024-2025. Now Rent payment amount is under Rs.50000/- and tds not deducted. Does Nill TDS return is mandatory to file or any declaration to submit the Income Tax department for Nill Return
ICWAI-Final best coaching center for online by English
Dear All,
Request you to all, kindly inform coaching center for ICWAI-Final both group.
Thanks
GST Registration - Place of business proof
For registration leave and license is acceptable or rent agreement is required ??
Senior citizen can claim tds refund for fy 2023-24 in itr-U
Sir
tds Rs 25540 was deducted in fy 2023-24 against fdr; individual has no other income
can we claim tds in itr-U fy 2023-24 (previous itr not filed)
"Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
Hello
Getting the cited message though I havn't claimed deduction u/s 54F. How to resolve this ?
Pls help
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EXEMPTION UNDER SECTION 54 FOR UNDER CONSTRUCTION FLAT