06 June 2023
SIR, My client land situated in urban area, had compulsory acquired by special land acquisition office and deduct tds u/s 194LA. Sir I want to know that above property exempt from tax ? if Yes how to show in itr for refund. please suggest with regards
06 June 2023
Compensation received for compulsory acquisition of land under the RFCTLARR Act (except those made under section 46 of RFCTLARR Act), is exempted from the levy of income-tax.
16 June 2023
Thanx sir How to describe for TDS refund in the description section of the income except in section 10. Kindly guide. I would be grateful for your advice
16 June 2023
In TDS schedule, show the income head as exempt income. In the exemption schedule show the income as Compensation received for compulsory acquisition of land under the RFCTLARR Act
21 July 2023
SIR IF THE COMPULSORY ACQUISITION FOR THE HOUSE BUILT ON THE COMPULSORY ACQUIRED LAND BY THE GOVERNMENT IS RECEIVED, WILL THAT ALSO BE EXEMPT BECAUSE TDS HAS BEEN DEDUCTED UNDER SECTION 194LA ON THE AMOUNT GIVEN BY THE SPECIAL LAND ACQUISITION OFFICE ON THE STRUCTURE ONLY. PLEASE GUIDE.
23 July 2023
DEAR SIR DUE TO WRONG FILLING OF TDS RETURN BY TDS DEDUTOR OF MY CLIENT, DOUBLE AMOUNT SHOWING IS BEING DONE IN 26AS AND AIS. IT IS NOT UPDATED ON THE PORTAL AFTER REPEATING INFORMING HIM. DUE DATE OF FILLING ITR IS ALSO COMING CLOSER. WHAT DO YOU THINK SHOULD BE DONE.
Dear sir please clear up my confusion on this point The husband is a salaried employee and the wife has a cosmetic business. Husband does not file income tax return but his wife files income tax return . Now the question is that if the husband pays children's fees, mediclaim policy and other 80C deductions from himself, then should the wife claim all these deduction in her personal income tax return.
15 February 2024
Dear Sir how are you. My client takes a hotel contract for a year and earns profit by renting out its rooms. Sir, I want to know how its registration will be done in Goods and Services Tax, Will reverse mechanism charge be levied on the contract amount paid by him to the hotel owner? Please guide.
CAclubindia
