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.?

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 ?

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 ?

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

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

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

Dear All,

Request you to all, kindly inform coaching center for ICWAI-Final both group.

Thanks

For registration leave and license is acceptable or rent agreement is required ??

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)

Hello

Getting the cited message though I havn't claimed deduction u/s 54F. How to resolve this ?
Pls help