I am looking for an option to get exemption on Long Term Capital Gain tax on Equity Shares. I came to know that one can transfer the amount to Capital Gain Account Scheme (CGAS) Account
if the return filing date is near. Then the amount needs to be withdrawn from the CGAS account within 2 year to buy a residential property or within 3 year to construct a house.

Queries:
1. Does section 54F applies to only residential property? Doesn't it apply to land? I mean is land buying considered as buying a property?
2. Can section 54F be used for buying maximum two residential properties in lifetime? In other words if one ensures that there is no or a single property before using 54F every year unlimited times?
3. Does one need to transfer only LTCG tax amount to CGAS account or whole LTCG amount prior to tax?
4. If one transfers LTCG to CGAS. How the ITR 2 needs to be filled? Does one still need to show LTCG details? In addition to this, in which section CGAS details need to be filled?
5. Section 54F allows one to buy a property or construct a house within 1 year. So if one wants to know use section 54F but not actually used, then is there option on ITR 2 to fill such information?

Dear IT Experts
Any one can share me the Income Tax Calculator In Excel FY 2024-2025 (BENNY THADATHIL)

Thanks in advance

Dear Sir,
In this FY 2024-25 , I have earned Short Term Capital Gain of Rs. 125882/- , I have Holding Adani Enterprise
150 Qty. having unrealized loss of Rs.1,01748/- . This Stock 150 qty are available as to Manage Capital Gain Reports.
Can I sell this stock and Buy Next Day , to Manage my Short Term Capital Gain against this ST loss.
Please advise

Namaste ! I have paid TDS on rent up till Sep.2024 @5% and from Oct.24 till Mar.25 @2% as per the rule. The form 26QC generated from TRACES for both the challans are correct. However both form 16C generated from TRACES show the same amount i.e.2% rate. How to get it corrected? (i am a housewife, not a tax professional. Please guide me!) Thanks!

DEAR SIR,

FOR THE OF FINANCIAL YEAR 2022-2023 RECEIVED A E-MAIL FROM INCOME TAX DEPARTMENT THERE IS VARIATION IN AIS AND INCOME TAX RETURNS FILED REPORTED HIGHER VALUE TRANSACTIONS. ASSESSEE IS AN FARMER HE OWNED NEARLY MORE THAN 50 EKAR AGRI LAND AND EARN NEARLY 30 TO 40 LAKHS AGRICULTURE INCOME. ALL PAYMENTS RECEIVED FROM SMALL TRADERS THEY EVEN DO NOT HAVE BANK ACCOUNT SO MY CLIENT RECEIVED 33,15,880/- CASH DEPOSITS FROM DISTANCE CUSTOMERS.
INCOME TAX RETURNS FILED BASED ON THE BANK STATEMENT BUT ENTIRELY DECLARED UNDER AS AN AGRICULTURAL INCOME SO THERE IS NO CONFIRMATION REGARDING CASH DEPOSITS IS AN AGRICULTURAL INCOME.

FEED BACK ALSO FILED THROUGH COMPLIANCE PORTAL ' THE INFORMATION IS CORRECT'.
MY CLIENT SAYING ENTIRE AMOUNT IS COMPLETELY AGRICULTURAL INCOME PLEASE SEND FEED BACK IS INFORMATION CORRECT.

WHAT IS NEXT IF THE ITO OFFICERS ASK DOCUMENTS REGARDING CASH DEPOSITS, MY CLIENT KEEP THE BILLS AMOUNT RECEIVED FROM THE DISTANCE CUSTOMERS.

PLEASE GUIDE ME

REGARDS

Hi, how to surrender a PAN card. Since firm Business is close.

TDS on technical fees on which services apply,
and also TDS on rating agency what percentage TDS apply.

how to maintain branch wise accounting in tally prime, & how to file consolidated r1, 4 branch in signal r1

Can someone help me to understand which ROC forms are required to be filed by a Private limited company after it becomes a holding company? Also, please let me know the compliance procedures to be followed under Companies Act, 2013.

Respected Colleagues,
A Female received delayed Insurance claim from National Insurance Co. with Interest around Rs 15 Lakhs, Now Interest amount taxable as income or not in ITR related to AY 2019-20?