status selected AOP for Housing society .
shown Interest income in Other sources. system is not accepting deduction u/s. 80 P.
But in computation, showing tax payable as nil due to AMT section 115c.
whether I should upload the return.
Not able to understand the defect details
The gross receipts/income, on which tax has been deducted, are to be entered in the schedules under the respective heads of income, as they are assessable in the year in which the credit for the TDS is being claimed.
Hence, looking for your help
A pvt ltd company is giving charges to recruitment agency. how should i enter this transaction this in tally?
I made an online request as a representative assessee of minor through my e-filing portal. I have submitted all the necessary proofs of minor i.e.PAN, Aadhar, Income proof as require by IT.
However, IT department rejected the request mentioning that " No Income earned by minor" though the minor has earned income through his own skill.
Suggest how to get this resolved.
Dear Peers🙏
I have bought an apartment costs aprox 77 lakhs in the last year, FY 2022-23 and have LTCG (sale of stocks) of 75 lakhs in the same year 2022-23. At the same time I have around 16 lakhs LTCG (sale of land) in FY 2020-21. Whether the above both LTCG 75 + 16 can be adjusted to the cost of apartment 77 lakhs?
Whether The furniture/home appliances and interior costs can be added in the apartment costs?
Anticipating your response
Regards, KVG
In my client bank account (saving A/C as no Current A/C) gross receipts has exceeded 20 lac last year but he has not taken GST registration yet. Can he file ITR 4 and show the turnover 23 lac (approx)? Will he Get any notice from GST or Income tax department?
I have sold some different types of Mutual Fund units (Equity, Debt and Hybrid) in May 2023 for total sale. These were purchased at various points in time between 2018 and May 2022 (all were purchased more than 365 days ago prior to sale date).
Do I have to calculate Long Term Capital Gains using indexed cost of acquisition? Do I have to pay Advance Tax? How much tax and what's the calculation method and tax rate applicable? Which of the below 2 categories will be applicable while filing ITR online next year?
Equity share or unit of equity oriented Mutual Fund (MF) or unit of a business trust on which STT is paid under section 111A or 115AD(1)(b)(ii) proviso (for FII)
OR
Equity share in a company or unit of equity oriented fund or unit of a business trust on which STT is paid under section 112A
Dear
Q.1 Sale of resident house and invested in shop/office.
Section 54D exemption can claim by assessee? in 54 D section mentioned Industrial Undertaking
So my question is can shop/office can cover under industrial undertaking?.
Q2. Assessee sold residential house, but invested in two seperate residential property under construction and make part payment in both properties.
is he eligible to take benefits of section 54 to invest in new residential house.
Tax consultant misatkenly failed to claim dedcutions as per TDS certificat in the ITR. Then Intimation notice served . but i failed to approach to A.O. Then processed demand started. And my self assessment were adjusted for the year. I filed rectification appliation claiming dedcutions u/ 154. The A.O dismissed on the groung that dedcutions shall be claimd through revised ITR.
MY TDS certificate and Form 26as also there.
shall i file 119(b) condonation application or file Appeal against the Order of A.O
Adv.Amol Sakpal
Live Course on EPF & ESI Act - Mastercourse(With Govt Certificate)
ITR V FILING OF HOUSING SOCIETY