I have entered into agreement for purchase of flat on24.02.2020 and amounts are paid through bank loan.Flat is not registered in my name.
Occupancy / possession taken on 08.06.2022 .
I have sold the flat on Sept 2023.The sale deed shows my name under "Consenting witness"and not as VENDOR.
Buyer has deducted TDS in my name even though flat has not been registered in my name
I have capital gains of Rs.20 L on this transaction
I have entered into other agreement for purchase of flat on Oct 2023 and paid entire cost of flat.
Can it be treated as long term capital gain and can I claim exemption under section 54 / 54F

Hi Sir,
My CA filed return for AY22-23 incorrectly considering only one form16a instead of two ( I had company transfer and so had two form 16s) as a result I got a tax notice.
For correction she filed updated return u/s 139(8A) which got rejected with "Updated return filed not complete hence not valid". After this updated return, there is no tax liability shown in portal but I am expecting refund since I have paid more taxes during that year.
Please suggest how to proceed.
Thanks,
Sonal

FACTS:
There are some house properties and vacant lands that are jointly owned by myself, my sister, and my mother. Rent is being credited directly to my mother's account based on the NOC given by my sister and myself. We don't want to claim anything from that rent. These properties were inherited equally by all three of us from my Late father based on Hindu Succession. TDS where applicable is also being deducted by the tenant only in my mother's name.

DOUBTS:
Whether the income from rent need to be shown in the ITR of all co-owners or only in my mother's returns? Is this a case of diversion of income by overriding Title or merely an application of income?

Hello , Can anybody help me to provide HSN list and rates in Gujarati language????

Sir,
My query is
If a society is not renew the certificate(society Registration certificate) last 6 years so what can happen & how to solved it . Is there any process to solve.

Thanks.

Hello Sir,
I am a GST Registered Trader of Fly Ash.Kindly informed me that whether Fly Ash supplies (vide HSN Code 2621) attract the GST section 9(4) or 9(5). I supply the Fly Ash as a Trader only to the Registered Person.
My question is whether I have to pay tax on reverse Charge on purchase of Fly Ash from unregistered.
Kindly suggest me in this regards.
Thanking you,

ITC Claimed in GSTR-3B Filed beyond time-limit as prescribed in Sec.16(4) of MGST Act,2017 FY 18-19...

What is the solution?

How much gift a brother can receive in india from his brother reside abroad via bank transfer in Yearly basis.

Respected Sir

The Cash Expenses Limit in Income tax is Rs.10,000

My first question is - is this limit Include Purchase of goods
If we Purchase goods for sale more than 10,000 then we have to pay this amount other than Cash ???

And the Second question is if we declare our income under presumptive u/s 44ad than also this rules are applicable ???

Sir,

Please Tell us bearer Cheque limit as per income tax.