A.L.Chaudhary

i have sold my flat on 24.02.2021 . Copy of registered deed and connected papers which I received does not have mention of property valuation/ Evaluated Value as per stamp and registration authority. Normally in Registry Document first page indicates Face Value and Evaluated Value . I need Evaluated Value for my flat sold for my Income Tax Return . I need your help in this regard. How I can know about this Evaluated Value as Registry Documents a received by me does have mention about this Evaluated value.

In Income tax Return I have to mention following two Values :-
1. Full Value of consideration received/receivable Rs. -------------(This is my Sale Deed Value)
2. Value of property as per stamp valuation authority (How much is this value as per stamp valuation authority)???


ARUN GUPTA
09 August 2021 at 20:26

Income Tax matters about confirmation

We received a payment from a party from other persons bank account. Now we have a Income Tax scrutiny and party is not confirming Accounts . What should we do in these circumstances . What should we reply to Income Tax Authorities. Please advise?


Mr. A.B
09 August 2021 at 19:34

Tax Treatment of Joint Savings A/C

Two siblings have a Joint Savings A/C. The interest earned in the account exceeds 10000. There's no FD but only savings interest (hence no TDS deducted).

The primary holder of the account isn't the owner of the funds, but the secondary holder is.

In such a case, is it possible for the secondary holder to show the savings account interest in ITR or does the primary account holder still have to show it?


Ankit Tandon
09 August 2021 at 19:13

Refund u/s 54

I am in an assignment of filling a refund u/s 54. In such assignment, one of the sales includes, penultimate sale.
I am getting mix of opinions about the nature of head under which sub section refund will be claimed of accumulated ITC.
Can someone provide a good discussion, about whether it would be under:
Inverted Tax structure or
Deemed Export or
Excess ITC refund or
Zero- Rated supply or
No refund?


srinivasa

One of our client is a partner in a firm having turnover of more than 100 crores and is a debt free profitable firm.

It is a family form and other partners are insisting my client to resign and will be paid capital account standing to his credit.

in the partnership deed it is mentioned as the retiring partner is entitiled only to his share of capital only and is not entitiled to any good will.

My query is whether he can claim his share on the basis of valuation of the business and good will to be valued.


krishna oils
09 August 2021 at 18:03

For investment after bank corrupt

Sir may bank corrupt ho gya hoon..but ab mere pass thodi si saving hai..kya may uski SIP (mutual fund investments) kar sakta ho...or uss SIP may koi problem hogi kya? Matlab main SIP may govt kuch objection kar sakti hai kya kyuki main bank corrupt hoon.


ARUN GUPTA
09 August 2021 at 17:32

Payment received from other account

We received a payment from a party from other persons bank account. Now we have a Income Tax scrutiny and party is not confirming Accounts . What should we do in these circumstances . What should we reply to Income Tax Authorities. Please advise?


sunny chhabra
09 August 2021 at 16:27

ITR-3 / MARGIN FUND TRADING

I am doing Equity Intraday Trading/ Short Term Trading and my broker is angel and angel is provided margin trading funding @18 PA+GST.
F.Y. 20-21 i had earned 98k from intraday profit and 102k from short term capital gain and for the F.Y. 20-21 angel broking Interest charges on margin fund is Rs. 47k and charges for Pledge/Unpledge 5K.
My question is how can i adjust these transactions in return please explain.


Ish Kumar Mehta, A.O.

Sir, with due respect I want to know that after the death of a GOVERNMENT employee INCOME TAX CAN BE DEDUCTED FROM THE MONTHLY FINANCE ASSISTANCE GRANTED TO SPOUSE OF DECEASED


rajesh

Sir/Madam

I am the Franchise of Aditya Birla Money Ltd. for Shares, Securities etc., broking purpose.

I was received Brokerage from Aditya Birla Money Ltd. for broking of Shares, securities purpose.

1) In Invoice Aditya Birla Money Ltd. Clearly stated amount paid to me is "Brokerage" and GST SAC is 997152.

2) Aditya Birla Money Ltd. is deduct TDS @ 2% u/s 194J under " Fee for Technical Services"

my doubt is this income is consider under a) Business Income or b) Professional Income.

Please Reply.





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