Dear Experts,
In a case, a daughter received some amount of death claim of her father from Insurance Company. She received the amount after wining case from the Insurance company. And Insurance company paid the amount after deducting TDS U/s 194A @ 10%.
One more point is, when the case was filed the daughter was minor, now at the time of receipt of she is married.
What is the taxability of this amount ? Is it exempt U/s 10(10)D ?

Please guide with your valuable reply.

Dear Experts,

The queries are as follows -
Can a section 8 company (without 12A, 80G ) receive public donations when donors don't want to claim 80G exemption?
How will this donation reflect taxes, if any?
Which will be the best applicable form for tax filing - ITR 6?
How will the company can account such donations?

Thank you in advance.

Sir,
It assessess one immovable property at present time before sales of immovable property construction demolished and sales land only.
Question:
Assessess capital gain tax applicable on land only or land and construction both .

foreign buyer (sundry debtors) writeoff entry ?

I HAVE ONE NGO WHICH ARE NOT REGISTERED UNDER 12A AND 80G. THE ASSETS IN BOOKS. CAN I CLAIM CHARGE OR CLAIM DEPRICIATION ON ABOVE ASSETS. I FILED ITR 5 FOR FY 23-24

I am salaried individual. Filing ITR2 for past several years. This is first year I have been involved in F&O trading (nifty index options trading). I have incurred a loss this year. Plan to carry forward this loss to next year. I understand I need to file ITR3. My F&O turnover is less than 2 Cr.

Can the experts advise if incurring an F&O loss and wanting to carry forward this F&O loss makes it mandatory to maintain books of accounts and get a tax audit done. There are conflicting opinions of experts on the internet. So clarification will help. Thanks.

Hi,

I will be buying a new property, for which i will be taking a loan too, If i keep my wife as co-borrower of property but she won't pay, can i claim entire interest amount of home loan in return?

What should be chosen to get max exemption in such case?

Can someone help with below query?

Property 1 (Flat):
Sale value = Rs. 1.7 crore
Buyer = 2 people (equally split)
Seller = 1 person

While filling out 26QB for each buyer, what is to be filled for:
1. Total Value of Consideration (Property Value) = Rs. 1.7 crore or 85 lakhs or some other value?
2. Amount paid/credited currently = Rs. 1.7 crore or 85 lakhs or some other value?
3. Total stamp duty value of the property = Rs. 1.7 crore or 85 lakhs or some other value?

All property amount has been paid to seller. For TDS part, we 2 buyers have already paid Rs. 85,000 each from our own 26QB PANs to sellers. But we both have received notice of "short deduction". Can someone please help with correct values for 1, 2 and 3?

Thanks in advance

If father sale property and invest all amount in new property which is in the name of his son. Do he get exemption u/s 54? Or gain is taxable

Sir,
Tax audit it person new construction started commercial building for hospital f.y.23-24 total value rs:2 cores.
Some construction expenses rs:1.90 lacs payment through on bank online mode.
Some construction expenses rs:10 lacs payment through on cash mode (rs:10,000 limit per day)
Question:
Assessess construction expenses treatment in books and construction expenses value rs:1.90 lacs or rs:2 crores correct show procedure.