Kalpesh

I have given 10 lakhs to my party as unsecured loan. Since the last 3 years, he is deducting TDS on the interest amount and paying it to the govt, and he is adding the interest amount to the principal amount.
Now for the current financial year, he has still not paid the TDS amount to the govt.
How do I file my ITR now ?
Should I add the interest amount to my income, and when should I claim the TDS amount in my ITR ?
Please guide. It is urgent as only 2 days left for filing ITR.


Dipak Gulhane

I have filled ITR for AY-24-24 without claiming EQUITY AND F&O LOSSES in orginal ITR before due date in the absence of information. Can I claim such losses into Revised ITR after due date?


Janki
28 July 2024 at 15:11

BuyBack of Shares - STCG

Hello,

I have profit on the buyback of shares by the company and It is a short-term gain.

The details as per Demat A/c:
Buy value: 8 qty x 362.9 price=2,903.2
Sale value: 8 qty x 445 price = 3,560
Realized buyback p&L = 656.8

And details as per AIS:
Sale value: 10qty x 445 =4,450
Cost of acquisition: 3,629
FMV:3,046.50

My question is what amount is included in STCG ?? The AIS and demat a/c show different figures what should I do?


V Srinivasan

My mother has to file the return on behalf of my late father. Can I have a format for an indemnity bond to register as the Representative.

Many thanks


Suresh S. Tejwani

If mandli does not have pan number and auditor have to certify the books of account of mandli then under which type and act has to be furnish while generating UDIN??


T.N.Reddypro badge
28 July 2024 at 13:11

Speculative business - meaning

Sir, what are all the transactions from the below list, are amounted to speculative business transactions:
1.F & O
2.Shares and Securities intra day transactions


vijay
28 July 2024 at 12:20

Income from offerings by pastor

Dear sir,
A pastor/priest who receives his income through offerings from various people would like to file his ITR. Please suggest should he file his ITR under 44AD or 44ADA without maintaining books of accounts.

Is Pastor considered as a professional?


Kunjan

if proprietor who filed itr3 for asst.2324 wants to go for new tax regime now for asst.2425, she has to file 10ie before filing asst.2425 itr, right?

my q is --> can she change once in life thereafter , say in asst.2829 she wants to go for old tax regime, (assuming its available then).
my view--> she has to file 10ie now for asst.2425 (even if new tax regime is default one) and later yes, she has one chance in asst. 2829 also to go back again to old regime.

am i right in both points?


Satish Mehra
28 July 2024 at 11:43

Income for TDS deducted U/s 194C

The assessee owns 2 cars and give to Companies on a contract basis and whatever payment he receives the TDS is deducted U/s 194C.
Question
1- The income will be shown under which head.
2- Can we file it under 44AD.
3- If yes, what is the minimum percentage of profit which must be shown. (As renting cars doesn't have must expenses to maintain)
Thanks in anti cipation


Rahul Singh

Sir
1. What if Income tax return not yet processed even after 9 months from end of assessment year . Will department will do any proceeding or reassement as original return is processed.
2. What is maximum time to receive intimation of 143 in case of revised return






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