I HAVE SOLD A PLOT IN JUNE 2017 HAVE CAPITAL GAIN THAT DEPOSITED WITH BANK OF INDIA IN CAPITAL DEPOSIT ACCOUNT. CAN I PURCHASEN IN JANUARY A FLOOR IN NEW BUILDING AND GET TAX EXEMPTION IN MY ITR 21-22.
IS THERE ANY OPTION OTHERWISE TO EXEMPTION
CAN U SUGGEST ANY EXPERT IN THIS FIELD IN DELHI
HOPE EARLY REPLY

I have income from salary, short term capital loss and intraday profit. I filed my income tax return for FY 2018-19 in ITR 2 where i did not separate intraday transactions from short term capital transactions. For the FY 2019-20, can I continue showing it without separating or should I show intraday profit separate from short term capital loss?

If a company is making Demurrage payment to a company based in Singapore, will it have to deduct TDS?

Secondly, if a company is making professional services payment to Singapore international arbitration centre, will it have to deduct TDS?

When Income tax returns are prepared from software provided by Income Tax Department
Penalty u/s 234F is calculated automatically
when due date of filing income tax returns is extended till 31st December is it payable ?

My father had purchased a Land through Agreement to Sale in Feb 2000 for R's. 1,40,000 and constructed a house later (no bills available). The property was in our possession since then. Registration was finally done in March 18 with FMV of property of R's. 43 lacs n stamp duty of Rs 3 lacs paid. Subsequently, my father passed away n property was transferred to my mother who sold the property in May 19 for R's 45 lacs. Few questions or clarification :
1. Date of acquisition should be in Feb 2000 and not Mar 18 and hence this is LTCG not STCG. Please confirm
2. I believe we should have a FMV as on Apr 2001 and then calculate the indexed cost of Acquisition till the time of sale for calculating LTCG.
3. Can we instead rely on FMV done in March 18 for calculating LTCG.
4. Even if we do FMV as on Apr 2001, What happens if Indexed cost of acquisition is marginally different than what was FMV as on Mar 18.
5. How to claim deduction of stamp duty of R's 3 lacs incurred in Mar 18. Should this be indexed as well?

Plz help.

Dear Sir,
As per Section 12AB of Income Tax Act, 1961, every trust or Institution which are already in existence will have to mandatorily renew the certificate granted under section 80G latest by 31st December 2020.
In Form 10A (available on-line) details of renewal of 80G are not there.
Please guide us in which Form number we have to apply for renewal the certificate granted under section 80G. Is it available on-line?
Regards,
K M Goyal

A Became owner of property in April 1996
A died 14.01.2018 living behind legal heir wife two sons and daughter
Both sons and daughter Relinquished their rights in favour of mother on 30.01.2018.
Therefor mother become sole and absolute owner of the property.
Mother sold the Property on 10.09.2020
Question? Whether it’s a long-term capital gain or short-term capital gain

ITR 1 utility in java as well as excel is calculating Interest u/s 234A
When due date of filing is 31st December how liability u/s 234A is getting calculated ?

Dear Sir,
A Individual filled his IT in 44AA for the past 2 year Ass yr 2018-19 & 2019-20.
Can he fill IT in 44AB in Ass yr 20-21 . If so what will be consequence. Please clarify
Thanks

My company received an advance for some work. The payment was made to me after TDS deduction. TDS return has also been filed by the paying company. Now I am returning the money as I could not complete the job. The paying company is asking for full refund also the money which they have deducted as TDS. I am asking them to revise their return and utilize the same with their future transactions with some other payments. They are denying.
Please advice can tds return can be revised ?