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bhavani P
20 July 2024 at 19:41

About shares in ITR

Dear sir/mam...Total amount of active and inactive shares should be taken in ITR-2 or only active shares amount should be taken???
Please anyone answer me


raghavendra b
20 July 2024 at 18:36

ARREARS INTEREST RECEIVED FROM 2011

DEAR SIR,

ONE OF MY CLIENT SOLD AGRICULTURAL LAND IN THE YEAR OF 2011 AND THE COMPENSATION PAYMENT RECEIVED IN THE YEAR OF 2021 RS 882000/- AND INTEREST ARREAS RECEIVED IN THE YEAR OF 2023 RS 1566601/-.

THE INTEREST FROM 2011 TO 2023 IS ARREARS TAXABLE OR NOT TAXABLE
TDS NOT DEDUCTED IN THE YEAR OF 2011 AND ALSO 2023

PLEAS CLARIFY ME IF TAXABLE INTEREST OR NOT

REGARDS


MAKARAND DAMLE
20 July 2024 at 18:20

Foreign Asset

Assessee has purchased flat in Dubai
He has not made full payment towards the cost of the flat but has possession of the same
he can go and stay in the flat

My question is whether to show details of this flat under Foreign Assets in income tax return ?


Ayush Jain
20 July 2024 at 18:18

Itr of circket player

client is a cricketer,his fees reciept for ipl is 4025000,i want to know that if i am eligible for 44ada,and if im eligible for 44ada, then when im selecting business code of 20023 of other sports activities then my software is guiding to me choose 44ad instead of ada .
so what should be treatment done for it


bhavani P
20 July 2024 at 17:57

Medical insurance doubt

Respected Sir/Madam...
I am availing medical insurance through my employer and employer is deducting under MEDICAL INSURANCE, which is also shown in my payslip. Can I show this as my contribution for health insurance in 80D ?


Aditya Ghatge

Dear Sir,

Is it mandatory to mention each and every Shares purchased before 31 January, 2018 while filing ITR-3 for Long-Term Capital Gains. Also, kindly let me know what should be considered as FMV as on 31 January, 2018.

Warm Regards,
Aditya


Mohamed Umar
20 July 2024 at 16:14

Can we take the input tax credit

can we take the input tax credit for sports tools like rocket bat balls etc


SIDDHARTH MAHESHKUMAR SHAH
20 July 2024 at 15:47

Accounting Entry - Insurance

We as an Pvt Ltd Company.
Initially our Insurance Broker have paid to Insurance Company Premium.
Then after Insurance broker is claiming from us and we pay to Insurance Company.
In this case we are not paying directly to Insurance Company. We are received invoice from insurance company.

Please Suggest Correct Account Entry 1 or 2 below
as per Income Tax and Company Law:
________________________________
1.

(A) Insurance Exp Dr
To Insurance Company A/c Cr

(B) Insurance Broker A/c DR
To Bank A/c Cr

(C) Insurance Company A/c Dr
To Insurance Broker A/c Cr
__________________________
2.

(A) Insurance Exp Dr
To Insurance Company A/c Cr

(B) Insurance Company A/c Dr (No Matter payment is process to Insurance Broker)
To Bank A/c Cr


raghavendra b
20 July 2024 at 15:01

SB INTEREST UNDER NEW TAX REGIME

DEAR SIR,

IS THERE SB INTEREST EXEMPTION UNDER NEW TAX REGIME. IF YES HOW MUCH INTEREST CAN BE DEDUTABLE

THANK YOU

REGARDS


Nanu Gupta

Employer contribution to nps is not considered in form 16. Now to take deduction do I need to add it to salary first?







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