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CMA Sagar Das
This Query has 1 replies

This Query has 1 replies

03 July 2024 at 16:47

ITR Type for Banks

Which ITR is to be used by banks for filing Income Tax Return?


Devendra Gupta
This Query has 1 replies

This Query has 1 replies

pls guide


Ravi B L Gowda
This Query has 2 replies

This Query has 2 replies

03 July 2024 at 11:29

Query on Capital Gains taxation

Dear Sir,
My query is as below
My friend had purchased a Land in 2013 for Rs.600000 & house constructed in the same year. House & land sold in 2023 for Rs.33.50 Lakhs.

My query is whether capital gain is to be calculated separately for land & building & whether cost of construction of building is to be treated as cost of improvement.

Kindly advise.

With Regards
Ravi


VAIBHAVI COMMUNICATIONS
This Query has 1 replies

This Query has 1 replies

Hi sir
Salary Income , Home Loan , as well as Health Insurance and also Sale of securities and units of mutual fund
SFT-18-EMF(M) these are show in ITR Return which ITR used and filed with above all


P.Madhivadhanan
This Query has 1 replies

This Query has 1 replies

Mr.x gifted a house property to his daughter in law during 2002 guideline value Rs.1150
00. She died in 2007. Her legal heirs consisting of 4 sons and a daughter. In 2007 they made a partition among them and 4 legal heirs release in favour one brother. In 2023-24 he sold the property for Rs.485000. I want to know what is the cost of acquisition taken by the seller for capital gain calculation


Suraj
This Query has 3 replies

This Query has 3 replies

Dear Sir,
My query is as follows:
Mr A incurred Long Term capital loss of Rs. 520000/- in AY 2022-23. He disclosed all details in the ITR and filed it. However, during AY 2023-24 there was no capital gain or loss and he somehow forgot to show LTCLoss brought forward in the ITR of AY 2023-24.

In AY 2024-25, he has a long-term capital gain of Rs. 125000/-. Can he still show LTCLoss of Rs. 520000/- in ITR of AY 2024-25, which he forgot to show in the previous year ITR? and claim set off against LTCGain of Rs. 125000/-?

Kindly guide.
Regards,
Suraj


Nagaraj
This Query has 1 replies

This Query has 1 replies

02 July 2024 at 18:21

RCM on Real Estate transactions

Dear Experts,
As per the notification requirement Promoter is required to purchase at least 80% of inputs and input services from registered person.

Promoter is making labour payments for constructions, paint, carpenter will that be included or excluded in above 80%?


kollipara sundaraiah
This Query has 1 replies

This Query has 1 replies

Sir,
Assessess rs:15 lacs amount from govt purpose for assessess shop demolish.
Question:
Assessess received amount tax applicable


Ashish Kothari
This Query has 1 replies

This Query has 1 replies

02 July 2024 at 16:22

DELISTING QUERY

I have 1000 shares of Kwality Ltd , Broker is saying shares have been extinguished . What does this mean ? Have I lost my money ? Is there any way to contact company and trade the share ?


Archana
This Query has 1 replies

This Query has 1 replies

Hi,
My husband is a salaried employee in pvt sector.We are owning a flat now and we are planning to buy a land in a gated community. I m a housewife. I have some queries regarding related to income tax regarding this.
1. Will we have to do anything for TDS aur they will be doing the formalities?
2. Will I get housing loan as registration charge is less in case of females?
3. Can we show in ITR any one house as let out and another as self owned?
4. Within how much time house should be completed for claiming tax deduction on both interest and principal amount?
5. How much amount can be claimed as deduction every year?
6. How will we calculate pre construction period?will it start from the day we register our plot?
7. How will the tax implications be if we buy land now and construct house after 2 years taking loan for land now and home construction later?







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