Dear Sir,

Please suggest Proprietor have 2types of Term Loan - Home Loan and Yearly Interest from Home Loan for FY 2023-24 Rs.800000/- So can we adjust Home Loan Interest with Proprietor,s Capital account. Or its mandatory to show under PNL account

Please suggest

Sir,

FY 2021-22 & FY 2022-23 I have filed ITR-1 income from Salary and Interest from FDR. FY 2023-24 i have income from Salary and Interest from FDR and some short term Capital Gain Rs.3024/- from Stocks ( Stocks through delivery ) and Mutual fund I have never done Intraday and never done f&N but by i have done One Single Transaction through Intraday. Purchase Price Rs.546/- Sale Rs.520/- Loss Rs.26/- only one Single Transaction During FY 2023-24. So can i go for ITR-2 Please suggest

If in any partnership firm if partner is retired with effect in admission cum retirement deed of July 2022 but such deed was not notorised and came in force so if now such firm notorises such deed is there any consequences?
Is there any time limit for such implications?

Sir,

Please reply

Sir/Madam

I have sale my house for Rs. 30 lacs and made following investment in May 24

> Invest in Open Plot in joint name of my son. total sales proceeds invested in this plot
> Balance amount of open plot -loan taken by my son from finance company.

Can i eligible deduction from capital gain arise from sale of my house rs.30 lacs

Please guide me.

Dear All,

I want to apply for registration of a Hospital u/s.17(2) of the Income Tax Act. Pl advice to whom the application made and the format for such application if any.
Thanks

Shall the Father in law accepts gift from his daughter in law. with out paying the income tax.

Please give your valuable advise,
Thanks in advance
K.B.Nagesha Rao.

I have received 2014 income tax demand notice Rs.5000/ then the demand up to Rs.10000/ which was in the notification has been waived then why this demand notice
please send your view

Sir, Can you please tell me Is Interest amount awarded by MACT in motor accident claims taxable or not? The TDS is already deducted by Insurance Company.

A is a partner in LLP, but has no income from business or profession except a share in profit of LLP firm. His other income is from residential house, capital gain and interest on his investments
Can he file ITR2 ?