If a person has two house property. For one house property he has paid interest on borrowed loan of Rs.67000/-. The said house property is let out property against which he claims interest on home loan.
For second house property he has paid interest on home loan of Rs.408368/- which is self occupied. Whether this second house property can be declared as demeed to be letout property in order to carry forward the loss above limit of Rs.200000/-.

In financial year 2022-2023 performance based incentive given to employee. After the financial year performance audit conducted by the employer,. Based on performance audit report, amount given to the employee was recovered to the tune of Rs.50800. The assessee paid the tax on full incentive in financial year 2022-23 retur. Current Financial year 2023-24 ,he got incentive Rs.280300 and on that TDS was deducted. I want to know while filing the return of income for FY 2023-24, already recovered amount is deductible in current year incentive or any other remedy is available to the assessee

Hai myself Rajesh
I am working in 2 colleges as a lecturer under contract basis. The college authority deducted tds under section 194c and 194JB. My total receipts Rs.434380/-( all are bank receipts) for fy 2023-2024 ( Total TDS deducted Rs.10650/-).Will i file in ITR 4? Can i show in presumptive taxataion scheme 44AD by showing 6% profits. What is the business or professional code for my income. (code no.) can i get TDS refunded?

It is humbe request to guide me in detail. I am waiting for your valuable reply.

I sell virtual gaming stickers of various online games which are sent to users directly within the game. I receive money in paypal.. I want to know which purpose code should I use in paypal for receiving these payments.. Are these virtual stickers considered as goods or services?

I want to buy property on joint name of myself and my wife in gujarat. If I keep first name of my wife and second name of myself in sale deed then is there any benefit. In this property my wife is contributing meagre amount. In future i want to rent out the property so can i show whole rental income as wife’s income as her name is first?

DEAR SIR,

LAST TIME ALSO I HAVE ASKED ABOUT THE PARTICULAR MUTUAL FUND INVESTMENT REPORT AND TRASACTION DETAILS. MY CLIENT HAS SENT ALL THE DETAILS ABOUT THE MUTUAL FUND TRANSACTIONS BUT ALL REDEMPTION OVER IN THE YEAR OF 2022 BUT IN THE AIS REPORT LONG TERM CAPITAL GAIN REDEMPTION DATE ON 05.6.2023.

STIL I CAN'T MATCH THE TRANSACTION DETAILS TO AIS REPORT MY CLIENT SAYING I HAVE SENT ALL THE DOCUMENT REGARDING MUTUAL FUND.

IF REPORTING TO FILE RETURNS AS PER AIS DATA WITH IGNORING PARTICULAR DATE OF ACQUISITION IS THERE ANY PROBLEM

GUIDE ME

THANK YOU AND REGARDS

ABC PERSON IS COMPANY'S DIRECTOR AND DIRECTOR IS PURCHASING A VEHICAL(INNOVA) FOR BUSSINESS PURPOSE
SO CAN COMPANY'S DIRECTOR IS ELIGIBLE TO TAKE GST CREDIT ??

NOTE: DIRECTOR WILL USE VEHICLE FOR THE COMPANY IN WHICH HE IS ACTING AS DIRECTOR

DEAR SIR,

WE HAVE ORGANISE A FOREIGN TOUR PACKAGE NOW WE HAVE TO PAY TRAVEL AGENT (RESIDENT) PAYMENT IS OVER RS. 700000/- NOW WE HAVE TO KNOW TDS IS DEDUCT ON THIS PAYMENT OR NOT. PLEASE LET US KNOW HOW MUCH TDS RATE ON THIS PAYMENT.

THANKS & REGARDS,

Dear Sir/Ma'am,
My query is that my client made a commercial complex 20 years back and there was only one shop that was in stock and he sold this shop in 2023-24, now the difference in price is huge so is he bound to pay tax @33% on the difference amount or some indexation benefit is allowed in this case. The assessee is a firm

Thanks and Regards

Hello Everyone,

An Indian company is providing IT related services to its foreign holding company. For normal services company raises invoice on cost+ basis ( lets say 10%). SAC - 998313

During the year Many employess went to germany for training and development purpose. Invoice raised for total cost incurred+10%

What should be the SAC for this invoice ? will it be same 998313 or different ??