This Query has 3 replies
Dear sirs : Kindly guide me on this matter.. (1) Is it mandatary to charge depriciation on Building used as office or as a factory. (2) At the time of sales of such building, what will be calculation for long term capital gains (a) will it be cost of possession and date of possession (b) depriciated value as on date of sales...(3) Can Income tax department send notice for NOT CHRAGING OF DEPRICIAION (by not chraging depriciation, assessee will be paying more Income tax) (4) Assessee has not chraged depriciation on building for many years, so can he start charging depriciation from current year. Kind Regards
This Query has 3 replies
Sir
I filed updated return on 27th March 2024 for AY2023-2024. Also I filed revised return on 10 Dec 2023 which was processed by CPC. If updated return becomesinvalid then my revised return filed on 10th Dec 2023 will be valid or not. If it is valid Should Revised return will be considered as final order
This Query has 5 replies
1) can I show insurance commission income in profit and loss account in itr-3 with All expenses?
2) There are showing by auto reflected the insurance commission income in other sources table in itr-3 . can i remove the commission income from other sources table and give the insurance commission amount in profit and loss table in itr-3?
3) can i liable for maintain accounts as per section 44AA if ,insurance commission (with all expenses)add in profit loss account in itr-3 ?
This Query has 1 replies
if the capital gain is below Rs 1 lacs , Why is it getting adjusted in BFLA Amount is adjusted with previous year capital losses. There are capital losses carried forward of previous years being reflected in CFL. This amount is adjusted after clicking on compu set off . Please guide
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Dear experts,
In AY 2023-24, assessee had only professional income hence we had filed his ITR under 44ADA. But this Year In 2024-25 assessee has f&o Loss along with professional income.
However in f&o loss, filling balance sheet is mandatory, considering the f&o loss, pls let me know how to show his professional income in ITR-3.
Thanks
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Sir,
Assessess compensation received from govt for demolished a part of commercial building under road extension purpose
Question:
Assessess received amount tax applicable in it act
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GADI RENT INCOME 194IA ME TDS KATA HE KIS HEAD ME INCOME SHOW KARE
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Sir
I filed updated return on 27th Mar 2024 for AY2023-2024. If updated return becomesinvalid then last revised return processed by CPC will be valid or not. If not Can I file another updated return if it becomes invalid Thanks
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Dear Sir,
One of my Assesses purchased Immovable Property. He is a Salaried Employee which ITR shall I File and is it mandatory to mention purchase of Immovable Property while ITR Filing. If yes then where shall I mention purchase of Immovable Property, kindly advice.
Warm Regards,
Aditya
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I am getting below error message though I have entered correctly. Can someone please assist?
'In schedule CG, at s.no. A2, 111A or 115AD(1)(b)(ii) can only appear once. Please enter total value.'
Live class on PF & ESI Enrollment & Returns Filing(with recording)
Depriciation on factory building