Sir,
It assessess some equity shares transaction details mentioned below
Ab capital buying value rs:14810 selling value rs:15350 profit rs:540 zerodha share transaction
Question:
Above share transaction zerodha account treatment and short term capital gain treatment in it act.

Sir, My wife is under zero tax bracket(earns Rs.2.7 lakh per annum) and if she redeems equity mutual funds invested for more than a year and profits crossing 1 lakh, TDS of 10% is deducted. Query is as she is in Zero tax bracket, can she get the deducted TDS refunded on filing IT returns.

I was in service in private company for ~8 years.
I resigned and was unemployed for 2 months.
That made me eligible to withdraw EPF/EPS. (My age < 45)

I used Form 10C and Form 19 to withdraw all the amount. I think one of the form was for EPF and other for EPS(?).

Is any of the amount that I withdrew taxable? Or is everything tax exempt?
There was no TDS deduction on withdrawal.

LIFT PURCHASE FOR SHOP AND INSTALL IN SHOP

CAN WE CLAIM DEPRICIATION.. OR
ALL PURCHASE VALUE OF LIFT ADD ON SHOP ASSET VALUE (FIXED ASSET)
CONFUSED.?

THANKS IN ADVANCE

Sir,
It assessess fees collection income rs:60 lacs f.y.22-23 tax audit itr filed.fees collection income rs:55 lacs f.y.23-24 .sec 44ada provision increased f.y.23-24
Question:
Assessess itr filed sec 44ada or 44ab provision applicable f.y.23-24

LTC is not taxable under the old tax regime but is taxable under the new tax regime.

An employee adopted the old tax regime in the financial year 2022-23 and took a ₹50,000 advance from his department and availed the LTC. The employee also submitted a claim for the remaining ₹20,000 of LTC to his department in the same financial year.

However, his department processed and paid the remaining ₹20,000 in the next financial year 2023-24. In 2023-24, the employee switched to the new tax regime.

Therefore, will income tax be levied on the ₹70,000 received by the employee?

I WANT TO FILE IT RETURNS FOR MYSELF FOR LAST FY2023.24
I CAME ACROSS THIS NEW REGIME AND OLD REGIME.
IF I AM A SALARIED PERSON HOW AND WHAT ITR SHOULD CHOOSE.
SIMILARLY MY FATHER IS PENSIONER WHAT ITR SHOULD I CHOOSE.

PLEASE CLARIFY

during previous year the firm did a consturction contract work for govt. and raised gst invoice (first quarter). later during final payment it was found out there was a measurement discrepency hence we received 5000 less than actual receivable, the same was roported in gstr 1 for quarter Jan-March through a credit note. However due to lack of outward supply in that quarter we could not actually claim the amount reflected in the credit note in the GSTR 3B, resulting in GST turnover showing (actual +5000). Though there will be no issue of turnover mismatch with TDS and ITR, There will be a discrepancy b/w turnover to be reported in ITR and as per GST. What to do? we have not filed yet.FOR clarification we file gst under QRMP scheme

A company has agreement with a TV channel that the company will give Rs 1 lakh to the winner of the dance show.
Is 194 B applicable. Please suggest.

Sir
An individual & his spouse purchased a flat in joint names while they were employed and were resident in India. Thereafter they both went abroad and become subsequently NRIs. But flat in India is still lying closed and is not rented out and is in self possession only and they are not earning any rent etc as it is not let out . There is no loan and no interest liability . Hence following queries:-

1. Are they still required to fill schedule of " Income from House property " in their respective ITRs when income of house property is NIL. OR they are really not required to fill schedule at all , as there is only one property and is in self possession only. ?

2 Are both of them required to show same flat in their individual returns ( as there is only one flat ). as the flat is in their joint names as " co-owners " ,??

3. Is it compulsory to fill schedule of " Income of house property " even if there is one property and that too in self possession and with "NIL" income therefrom.???

4 Will there be any issue foreseen when they will sell this flat some time in future but are not filling schedule of " Income from House Property" of present years when they are still owners.????

Pls guide on above four points assuming that there is no loan interest to be paid .