I have sold some different types of Mutual Fund units (Equity, Debt and Hybrid) in May 2023 for total sale. These were purchased at various points in time between 2018 and May 2022 (all were purchased more than 365 days ago prior to sale date).

Do I have to calculate Long Term Capital Gains using indexed cost of acquisition? Do I have to pay Advance Tax? How much tax and what's the calculation method and tax rate applicable? Which of the below 2 categories will be applicable while filing ITR online next year?

Equity share or unit of equity oriented Mutual Fund (MF) or unit of a business trust on which STT is paid under section 111A or 115AD(1)(b)(ii) proviso (for FII)
OR
Equity share in a company or unit of equity oriented fund or unit of a business trust on which STT is paid under section 112A

Dear
Q.1 Sale of resident house and invested in shop/office.
Section 54D exemption can claim by assessee? in 54 D section mentioned Industrial Undertaking
So my question is can shop/office can cover under industrial undertaking?.

Q2. Assessee sold residential house, but invested in two seperate residential property under construction and make part payment in both properties.

is he eligible to take benefits of section 54 to invest in new residential house.

Tax consultant misatkenly failed to claim dedcutions as per TDS certificat in the ITR. Then Intimation notice served . but i failed to approach to A.O. Then processed demand started. And my self assessment were adjusted for the year. I filed rectification appliation claiming dedcutions u/ 154. The A.O dismissed on the groung that dedcutions shall be claimd through revised ITR.
MY TDS certificate and Form 26as also there.
shall i file 119(b) condonation application or file Appeal against the Order of A.O

Adv.Amol Sakpal

Dear Sir

Religious trust registered under section 12 with income tax department. The details are as under:

Voluntary Doncation Received Rs 16.00 Lakhs
Bank Interest FD and SB interest Rs 4.00 Lakhs
Total Rs 20. lakhs

Applciation of Fund Rs 12.00 lakhs for trust object
15% (Rs 20 lakhs X15%) Rs 3.00 lakhs
Accured interes on FD not received Form 9A filled : Rs 2.00 Lakhs
Balnce Rs 3.00 Lakhs

Now the trust is filling return system applied 115BBI and charge 30% tax on total income ie 90,000/-.
My question is normal tax slab has been removed by finance budget on trust for AY2023-24? in AY2022-23 normal tax slab was appliable of the same trust.

How to file ITR of KIOSK having withdrawal of 3 crore.
Which head, and what percentage of profit can we show minimum..

Hi Expert
Would you please advise whether 269ST will be applicable to Capital Gain account Scheme (CAGS). If cash deposited of 3 Lakh in CAGS account.

Regards
Deepak

Dear sir..
I need advise..can we purchase material @0.1 percentage GST from local vendor, if we have manufacturing plant.
Is concessional gst apply only to traders?

Can we take 44AD For one business and normal provisions for other business at same time.

I have query regarding Capital gains invested in buying property. I own a house where I live. Last Financial year I bought second flat and I have given it for rent. I invested some amount in buying from Redemption of Mutual funds and I invested all the capital gains in it. I Can I avail benefit of section 54F to seek exemption from paying taxes on capital gains?

As per the form 12 BA shared by my employer under the head "Use of movable assets by employees" I see an amount of Rs 1.52 Lakhs. Recently I was laid off by my employer and the work laptop was given to us after the layoffs. I am assuming that the 1.52 lakhs under 12BA is for the laptop. Is this amount tax exempted? If yes then in which article/section can i exempt it from