Sir,
It assess purchase of new plot on sale value and sale agreement same value rs:34 lacs.but market value rs:39 lacs.
Question:
Assess difference value rs:5 lacs amount show in it returns compulsory difference value show in purchase time or sales time applicable in it act.

In one of our shipment from France, fright forwarder mention wrongly mention their company name in AWB and on the basis of AWB wrong name mentioned on BOE also. now bank is required correct supplier name for payment to supplier.

please help any one

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For properties purchased before 01/04/2001, how is the fair value determined in the absence of government fair value records or any records on market value during that period?

Bank requires UDIN for approving home loan from Individual assessee (not in audit). In which category UDIN to be generated ?

I have earned Rs. 5,24,000 Salary Income and 1,70,000 Commisions & tution fee received Which ITR form applicable on me.

Can I file ITR -1

Sir,
A partnership firm two partners one partner another individual business maintained.if individual business maintained partner selling of goods value rs:6 lacs to partnership firm.
Question:
A partnership firm rs:6 lacs balance amount transferred to one of the partner capital account transfer adjustment accounting entry passed in books allowed in it act.

Hello,
Just came across this question but could not find the right answer.

You are given the following information about corporate stock P and the market:

Risk-free rate is 7

The expected return and volatility for corporate stock P is 7 and 33 respectively.
The Expected Return and Volatility for Market is 6 and 12 respectively.
The correlation between the returns of corporate stock P and the market is 18.
Assume the Capital Asset Pricing Model holds.
Calculate the required return for corporate stock P?
Could somebody solve it?
Thanks in advance.

Dear Sir/Madam
wef 1-7-21, under income tax act , purchaser has to deduct TDS on purchase of goods or payment made above 50 lac . There are some doubts about transactions, kindly help
1) Purchases is made in April month supplier has made TCS on Bill . Total bill AMT is 65 lac ,payment is made in July 55 lac - rest to be made in Aug . Whether TDS 194Q is applicable - on which AMT ? (TCS already by supplier)

2) Purchases made from Vendor in May June 45 Lac & in July 25 Lac ( He did TCS on 45 Lac) ,Payment made to him in July 40 Lac & rest to made shortly . Whether TDS would be applicable ? AMT ?
Thanks in advance

Today I tried to file my income tax for AY2021-22.

To my horror, I discovered that the I am charged Rs.5,000/- under Fee (Section 234F), apparenltly beacuse today is 1st August 2021 and I have therefore crossed the usual last date 31st July 2021.

This means that the date extension to 31th September 2021 is not yet incorporated in the software.

Kindly advise, what should be done.

Hi,
I joined a new company in NOV 2019 where I got a joining bonus and paid TDS on that bonus in AY 20-21 / F?Y19-20; ITR also filed.

Please advise how can i claim that TDS paid on bonus (which technically I don't have) and claim of refund or ajustment in current year ITR return AY 21-22?

Thanks,
Danish