T.N.Reddypro badge
29 July 2024 at 21:20

269SS Loan, deposit, specified sum

Sir, of Rs. 20,000 from/ to per person per annum, Am i corect ?


Aniruddha Ghosh

Property is in name of husband and wife which they planned to sell. Buyer is single individual and has prepared a single sale deed and single demand draft mentioning both seller name (husband and wife name) . The demand draft planned to deposit in joint savings account of husband and wife where wife is primary holder.
Question is:
Does the buyer has to deduct tds for both husband and wife separately splitting the 1% of sale amount or
It can be deducted from only one seller ( husband or wife) and mark multiple seller option as yes since there is only one sale deed and one draft. In this case should the tds be deducted be with wife pan only since the draft is planned to be deposited to a joint account where wife is primary?
Pls suggest the right approach.


Gaurav Gupta
29 July 2024 at 19:49

Inheritance Money

Do we have to show bank balance and FD transferred in our account on death of father in our ITR? If yes, under which head of income?


Satish Mehra
29 July 2024 at 19:41

80ccd 2 deduction in new tax regieme

If employER's contribution is not shown in Salary slip and is not added to the salary. And only employee's contribution is deducted from the salary.
1- how to claim 80ccd 2
2- Do we need to first add employer's contribution to the salary and then claim or we can directly deduct from the actual salary.


VIKAS KUMAR SHARMApro badge
29 July 2024 at 18:46

Sold property US 194IA

Sir one of my client sold his residential property to Builder (65L) in july 2023 and he deduct tds US 194IA and after couple of month his purchase another residential property (1.2cr)
he has done all transaction of sale and purchase from saving account
now please suggest how to make entry in ITR
please do as soon as possible
regards


shrikant

Any compensation paid to employee after legar hearing is allow as expenditure in income tax? under which head expenses should book ???

Pls answer


Dipak Gulhane
29 July 2024 at 17:33

ESOP TAXATION FOR CLAIMING LOSS

US Company having branch in India issued US Equity ESOP without consideration in FY 22-23 AND FY 23-24 & Also added this as Perquisites in salary income of Rs. 8,00,000 and 8,00,000 and deduct tax in each year from salary. Client have quite that company in FY 23-24 and company sold all shares in her behalf for Rs.10,00,000 and paid that amount in her bank. As there is Rs.600000 loss in this transaction....shall I show it as Short Term loss (Holding Period 24 Month) from Unquoted Shares or shall I claim such loss as exemption from perquisites of Rs.8,00,000 paid for FY 23-24.


Priyanka Roy
29 July 2024 at 17:17

DEBIT NOTE ISSUED BY PURCHASER

Is it correct if purchaser issue debit note to return material?


jagdish ahuja

an investor has three demat accounts with different brokers
in demat acc no 3 he buys 100 shares on 1.7.2024
in demat acc no 1 he buys 100 shares on 15.7.2024
in demat acc no 2 he buys 100 shares on 31.7.2024
same company investment
now if he sells 100 shares from demat account 2 on 10.8.2024
then sells 100 shares from demat acc no 1 on 16.8.2024

please guide how will the profit be calculated
will it be demat account wise or FIFO method
as per income tax rules
thanks


Ecstasyvio
29 July 2024 at 16:20

ITR filed and revised ITR

I filed my ITR .But later some more interest on FD was reported by Banks in AIS. INR 11000/- is the difference increase. There is no tax on my filed ITR. after I file revised ITR also there will be no tax. As the income will fall below INR.7 lakhs as per new regime. I am a senior ciitizen.
So do I really need to file a revised ITR?
I find wrong figures (less) entered in my AIS for equity trading and dividend etc. even if I am honestly reporting correct figures in my ITR as I do not attract tax (below 7 lacs as per new regime).I am a senior citizen. Do I need to update AIS, which is very tedious to do for every trade ?





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