Javed Memon
21 February 2024 at 13:27

Income Tax Cash Purchase Limit

Respected Sir

The Cash Expenses Limit in Income tax is Rs.10,000

My first question is - is this limit Include Purchase of goods
If we Purchase goods for sale more than 10,000 then we have to pay this amount other than Cash ???

And the Second question is if we declare our income under presumptive u/s 44ad than also this rules are applicable ???

Answer now

TARIQUE RIZVI
20 February 2024 at 17:51

EXPORT BILLS PAYMENTS

Whether export bill can be realized through some other party ?

Answer now

vipin
19 February 2024 at 20:23

Tds on participate fee

we are paying advance for XYZ for participate fee for Asian brake conference .what tds rate and section apply? please explain in detail.

Answer now

Sanket

Hello
Following are my queries
1) Interest received from builder for failure of give possession of flat is Taxable?
2) If the Interest received from builder for failure of give possession is taxable then in which income sources we have to require to report?
3) Any deduction is applicable for above interest receipt?

Answer now

Shakthipro badge
17 February 2024 at 12:36

Building construction

Hi Assessee constructs residential property in hos own land and sells it. Can he file income u/s 44AD for the building sales

Answer now

dipsankar
16 February 2024 at 14:31

Delay Income tax return

sir,

What to do if return filing is delayed for any reason and 31st December passes.

Answer now

C R

Good Day.
When a company buyback the unlisted shares, is it required to deduct any tds from the amount payable ?
I understand company has to pay tds for buyback but not clear if company is required to deduct any tds while paying to shareholders of such unlisted shares .
Please help with the correct position in this regard.
Thanks

Answer now

ashvini dehkwal
15 February 2024 at 06:24

Deduction on Home loan in moratorium

Sir please advise if accrued interest on Home loan can be claimed for deduction. The intrest is accrued during moratorium and actually not paid.

Answer now

Yugal Verma

Respected Sir,
My client is a senior citizen as per income tax act. He has received the amount form PNB on maturity of policy named PNB Met life policy.
So I want to know that the amount received by him will be taxable or not.
He chose new tax regime

Answer now

Sudarshan Rawat
14 February 2024 at 19:06

Updated Return 139(8A)

Although my original and revised returns always processed within 10 days always. But I filed updated return in January still more than one month but not processed. Kindly tell when can I expect processing and why it is taking more time in case of updated return

Answer now




CCI Pro
Follow us


Answer Query