TUHIN SUBHRA MAITI

By mistake in liability register liability increased and paid in liability register. How to reclaim it.


Siddharth Kishan Mane

I had old Bunglow which was given to a Developer for development for no money consideration. The term was that the Builder should give me 45% of the Developed property for my own use both residential and commercial. What is the Tax liability under LTCG?
The old property was purchased in 1978 and development Agreement is in Jan 2018.


Abhinav M

I am a salaried individual and my employer deducts professional tax of 2500 every year. The same is deductible under Salary head while filing IT Return.

Now if I were to start freelancing activity, wherein if I were to setup proprietorship firm with UDHYAM, trade licence, GST etc. do I need to additionally enrol myself in professional tax?
I am asking the query since I am already paying professional tax as salaried individual. Do i need to pay two times? My PAN should already be recorded.
Moreover, I have heard that those who have registered under GST in West Bengal would need to pay professional tax, irrespective of turnover. Is that true?
What will be the implications?


Mohith Guptha
11 April 2024 at 18:31

TDS on Sales & Purchase

Dear Sir/Madam,

Request to clarify that the TDS of 0.1% on sales to be deducted by the debtor after crossing the taxable limit of 50 lakhs every financial year and remit the payment to us or he should continue to deduct the same as regular from last year sales which has crossed 50 lakhs.

Thanks in advance.

Regards
Mohith


Mahabir Prasad Agarwal

Due to some unavoidable circumstances , If a client failed to file his ITR since FY 2019-20, what is remedy for him ? His turnover in each filed year is between 1.00 to 1.5 crore and had substantial amount of ITDS also ?


Stephen Marks

Our proprietor's wife bought a land and building worth 94 lacs. The land value is 20 lacs and building value is 70 lacs. Does TDS needs to be paid in this case.


Mahabir Prasad Agarwal
11 April 2024 at 16:56

Updated ITR and refund claim

Refund of ITDS is not allowed vide Updated Return. But whether tax liability can be set off from ITDS ?


KANIKA THAKUR
11 April 2024 at 16:30

CPE Hours Virtual Mode

As per latest 2024 Cpe advisory, online structured cpe hours can be availed through two modes.
One being the Icai digital hub and next is attendance marked for E learning course by POU? How does one avail the POU hours? Where and when are such sessions to be attended virtually to avail benefit of structured learning?



Thanks.


jagdish ahuja

as per income tax act -- buy back of shares -profit is taken
as exempt
pls guide when there is loss in buyback of shares
how should we treat it--
long term/short term loss or otherwise
pls guide
thanks


SJ Kumar
11 April 2024 at 14:44

TDS refund on NRO account

Sir, my daughter is an NRI holding an NRO account in India. Her bank deducted ₹2000 TDS for fy 2023-24. My query is 1. Can I file ITR 2 on her behalf as she shared her login credentials for accessing the portal.
Query 2. She is privately employed in UK, so does not have TIN. She is holding Indian passport. Please advise what should I mention as jurisdiction of residence and TIN.

Thanks






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