Sir,
I have 2 quires
1. A Taxpayer Sold a land in FY 2022-23. He Purchased a Flat with year after sold property (Land) more than sold land value. Any exemption in capital gain this condition and which section 54 or 54F or any other section.
2. A Taxpayer Add one additional floor in his existing residential house during Aug-Sep 2022. He sold another land in Mar 2023. Any exemption in capital gain in this condition. If Yes in which section 54 or section 54F or any other section.

Hello! Experts,

Is the long term capital gain exemption upto Rs. 1 Lakh available under new tax regime for A.Y. 2023-24

If an assessee has sold a plot which was held by him for more than 20 years and deposited the capital gain amount in Capital gain account scheme. Also failed to reinvest the capital gain amount into new property. What should be the implication ?

Dear Sir,
While filing ITR, in AIS report in Income Tax paid section Rs.180000/- has been showed as paid. But one entry of Rs.15000/- shows as status ' Inactive' and in Form 26AS TDS is shown as Rs.165000/- . My question is my this Rs.15000/- is not debited in AIS because while filing it is shown as paid actually it is the entry corrected by CA. So what should I do ? Should I go with AIS report or Form 26AS report while filing my ITR

Regards

There are 2 partners in a firm , one of the partner died so whether it becomes proprietorship concern now but pan is in the name of the firm, how to keep the same firm name going, does the asset becomes the asset of the existing partner, not able to understand how to go about it..
Thanks you

In FY 22-23 I had two transactions of STCG nature resulting in an overall loss. how do i show this in quarterly breakdown. i am unable to proceed with filing my return.

I want to file a return for Fy 2021-22, Ay-2022-23. My income is less than 2.5 lakhs. Tds deducted was Rs.3000, unfortunately, the company didn't provide me Form16a at that period. After giving them a reminder on June 22, 2023, they sent me the form16a on June 23, 2023, through email. If I file my return now, will I have to pay any late fee? If yes, then how much is the late fee going to be? I would be glad if you can help me with an answer.

Hi,

My grandfather passed away recently. The ancestral property which was in my Grandfather's name is getting partitioned to be transferred to my father and his siblings now.
My father wishes to get it transferred to an HUF (of me(unmarried) my father and my mother).
Since his marriage (which happened a couple of decades back), no official documentation or PAN was created for this HUF.

What is the procedure now to form this HUF and transfer my father's part of the ancestral property to the HUF? is a PAN card for HUF required beforehand for this ?
i mean from legal perspective, what documentation and procedure is required before transferring the property to HUF ?

Can it be transferred to my father first and then later on pass it on to HUF ?

Note: the ancestral property is in my grandfather's name currently (i mean not in any HUF's name).

Thanks in Advance.

Dear Sir,
I filed my ITR for FY 2021-2022 in old regime. For FY 2022-23 Income Tax is less in new regime than in old regime. I am a salaried person. So can I switch to new regime for filing FY 2022-23 ITR Returns. Please guilde.

Regards

OLD BIKE PURCHASED IN CASH FROM INDIVIDUAL BY DEALER AND PAID CONSIDERATION IN CASH.

NON COMPLIANCE ?