Sir
I have 5 residential house property ( including this 1 plot + 4 Flat ) which was purchases by me in past. Out of 5 residential house property i am going to sale 1 property ( plot ) .
As per my calculation Rs 40 lakhs long term capital gain will be arise on such transaction.
So i have a question that , can i reinvest such capital gain in another new a residential house property even i have hold 4 house property ? Please explain rule regarding number of residential house property.

Dear Experts
Kindly advise suppose Mr.x not filed his ITR because his annual income is less then basic limit but he is saving Rs.eighty to ninety thousand from his salary since 2006 salary deposit by his employer. And he was deposit some cash in his saving account. He converted saving amount value to fixed deposit Rs.7 Lac in 2014.in 2017 he resigned his job.he got gratuity and PF withdrawal Approximately Rs.3 Lacs he.in 2019 he made one fd Rs.8 Lacs now he is working in private shop he got the salary in cash mode. He deposit saving from sb account in via cash so please suggest can he face any problem or any notice from IT department or bank

Cash deposit in sb account.
2006 - 11000
2007- 9000
2008- 24200
2009 3400
2010 to 2017 2 Lacs 85 thousand
2019 to March 2021 1 Lacs 10 thousand

Dear Sir/Madam,

A government employee received an amount of Rs.17.21/- lakh towards arrears of pension for FY 2019-20, 2020-21 and 2021-22.

This amount he received in December 2021.

The questions are: (1) Whether this amount of pension is exempt and (2) If it is not exempt, where should this amount be shown - in which Annexture - in Form 10E of income tax?

Thanks.

we had filed income tax return u/s 44AD for the FY 2018-19. but didn't file IT return for the FY 2019-20 due to no income.
we have business income for the FY 2020-21. is it possible to file income tax return u/s 44AD?

Hi,
I want to know that if one director have position in 2 domestic companies as director than one company will give unsecured loan to unother company? or in between both companies give loan to each other ?

thanks with regards
D.K. Sharma

my Company received intimation under section 234E for late filing of TDS returns.
My Question are intimation received under 234E penalty amount mandatory payment , if payment not made then Interest can be paid @ 1% on monthly basis or part of month.
if Amount deposited under code 200 instead of 400 any problem can be arised.

Dear experts.
i'm, one of the partner in partnership firm. (doing equity shares trading and mutual fund ) not F&O)

long term/ short term Income from equity share - how do i treat? it's capital gain or business income?

if treated as Capital gain income. how can i shows my office expenses,(office rent, wages, salary)

how i calculate net profit. ( i had STCG/LTCG)

Regards
Manager.

Dear Sir,

One of my client is into Business of testing of metals and minerals and his tds gets deducted under Section 194C and 194J. His return is filed as an individual and he is registered under GST.

Can he file his Income tax return under Presumptive Taxation scheme under Section 44AD instead of maintaing books of accounts.

Please help me in this matter.

Regards,
Divyesh Jain

An LLP is just formed after conversion from Company..one partner wants to leave partnership..is there any time limit for sale of share between partners after conversion from company to LLP?

Facts of the company:
1) ABC co. is private limited.
2) Litigation case is going one.
3) Two groups of shareholders are there .
4) Addtional director was appointed and was regularised by holding AGM and DIR-12 was filed for regularisation. But in agm by mistake the voting was done by show of hands instead of poll. so the resolution was not passed which was realised later on. Only two directors were there on board including the additional director appointed. And now we want to appoint another director . So can we appoint the additional director through backend process? can we appoint the same director ?
PLEASE REPLY URGENTLY