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Neeraj Varshnay

sir
I was purchased a house in 2011 with my savings and housing loan. The was purchased on jointly me and wife name. In dec 2023 I was sold this house and 1% TDS was deposited in both of ours PAN account. Now I want to know that long-term capital gain will arise only on me or both of us.
thanks


PARAS CHHAJEDpro badge online
02 May 2024 at 15:48

Plot development

A firm purchased various pieces of adjoining land having different Khasara numbers from various persons at different prices. After a year of purchase, the firm got all the pieces of land consolidated in a single khasara. Post consolidation it converted a part of the consolidated land into stock in trade and another part continues as a capital asset. The portion converted into stock in trade is proposed to be developed in residential plots as per the approved layout after the diversion of such land into non-agricultural land.
Relevant figures are as follows:
1. Total Area after consolidation 100000 sq ft.
2. Converted into stock in trade 70000 sq ft
3. Capital Asset 30000 sq ft
4. Average cost of consolidated land Rs.200 per sq. ft.
5. Saleable plot area after development 35000 sq ft.
6. Cost to be incurred for development Rs.10500000
7. Period of development 2 years
8. Plot sale to commence immediately without waiting for completion of the development

Kindly guide as to the valuation of the stock of plots and also the un-diverted land.


Sam tangade

I have unlisted shares as part of ESOP from my Org.
Can anyone elaborate how we can save Income tax if we are holding shares for >3yrs.
For 54F:
- Can we use for agri land ?
- Suppose I used 54f in current FY against purchase of my 2nd home... Is it possible to again use 54F against new home purchase after selling my first home.


Praveen Kumar

Could someone please tell for the Form 26QB which is filled for property over 50 Lak,  there is a field "Date of Payment / Credit made to seller".

what is the difference between Date of payment  and Date of credit to seller ? 

Is it something like say for example, I place an NEFT transfer request with my bank to pay installment to builder at May 01 11 PM IST  and amount gets deducted from my account but  it  gets credited to builder account say on May 02, 01 AM IST  , then Date of Payment will be May 01 but date of credit will be May 02  and then for this field any of these May 01 or May 02 are correct to fill in or what exactly should be filled in ? Please confirm. Thanks.


Mahesh S M

At the time of filing the Q4 TDS return, should we also file another return for the annual return?


Ankur Gupta

Please tell me, is it mandatory to get a TAN number and file form 15CA/CB for using cloud hosting services from Digital Ocean or AWS? Payments to Hetzner, Digital Ocean and Backblaze are auto-debitted from credit card.

If TAN is required then why govt allows simple credit card payments from users who do not have TAN to these companies?

Please explain.


Tamanna Kapoor
01 May 2024 at 22:14

Deduction for Medical Insurance

If an assessee has paid for mediclaim premium of his father, however the father is the policyholder, insured and proposer of the policy, can the assessee take deduction for the same on the basis of mere payment of father's mediclaim premium or will the father here be eligible to take deduction.


kollipara sundaraiah

Sir,
It assessess maintained a private hospital tax audit itr filed.purchases medical equipment rs:50 lacs credit on EMI based.
Question:
Assessess clause 15/45 days provision and sec 43 b(h) provision applicable for hospital


Chandra Kala

Processor to conodone delay of submission of ITR by the Cooperative Societies as per Circular No.13/2023, dt:26/07/2023 after appeal


Sayantan Chakraborty
01 May 2024 at 11:41

Unabsorved Depriciation

unabsorbed depreciation current assets or current liabilities