Kunjan
This Query has 3 replies

This Query has 3 replies

what is taxed in partner hands?
rem. debited to pl of firm or admissible remuneration in firm's it return?
my view--> admissible rem. irrespective of what is debited in firm's prof loss.
Am i correct?


Suresh S. Tejwani
This Query has 1 replies

This Query has 1 replies

21 October 2024 at 13:02

REGARDING TAXABILITY OF AMOUNT

IF HUSBAND HAS EXPIRED, AND MATURITY VALUE OF FD ON THE NAME OF SAME CREDITED TO HIS WIFE ACCOUNT THEN SUCH AMOUNT IS TAXABLE IN HAND OF WIFE OR NOT?


MAKARAND DAMLE
This Query has 1 replies

This Query has 1 replies

21 October 2024 at 12:04

Property Purchase from NRI

Resident Indian while paying towards Property purchase from NRI has to deduct 20% TDS. He needs to file Form 27Q.
My question is while paying Tax which section should be selected ? Section 112 or Section 115E


K Rajan
This Query has 3 replies

This Query has 3 replies

21 October 2024 at 11:30

ITR & Deductions

I had salary income till March 2024, so I have filed ITR-1, claiming deductions u/s 80C alongwith house property loss (house loan interest).

From April 2024 onwards, I am receiving professional charges after deduction of TDS. Please advise me the ITR form to be filed from AY 2025-26 onwards and also whether I can claim deductions u/s 80C and house property loss in that return.


Daya
This Query has 1 replies

This Query has 1 replies

whether net profit are distributed among partner after paying taxes.


raghavendra b
This Query has 3 replies

This Query has 3 replies

19 October 2024 at 20:31

PROPERTY SOLD IN THE JOINT NAME

DEAR SIR,

ONE OF MY CLIENT RECEIVED AMOUNT OF PROPERTY SOLD OF HIS HUSBAND FATHER OWNED PROPERTY (1938). AFTER DEATH OF HER FATHER IN LAW THE PROPERTY KHATHA ENDORSED MADE IN THE YEAR OF 4.12.2012.
THE URBAN DEVELOPMENT AUTHORITY HAS ISSUED TITLE DEED/SALE DEED IN FAVOUR OF HIS CHILDERN MY CLIENT HUSBAND DIED MY CLIENT IS SUCCESSOR OF THE HER HUSBAND SHARE HER NAME INCLUDED IN THE TITLE DEED IN THE YEAR OF 2019.

AFTER DEATH OF MY CLIENT HUSBAND BROTHERS THE TITLE DEED MADE IN THE NAMES OF WIFES IN THE YEAR 7.8.2023

THE PROPERTY SOLD OF 1.40 CRORE MY CLIENT RECEIVED HER SHARE OF RS 35 LAKHS.(25%)

HOW TO DETERMINE THE DATE OF ACQUISITION AND DATE OF TRANSFER OF THE PROPERTY
HOW TO CALCULATE THE CAPITAL GAIN.

PLEASE GUIDE ME

REGARDS


Ashim kr Ray
This Query has 3 replies

This Query has 3 replies

18 October 2024 at 20:11

Make mistake in gstr 1

Sir,

From last 3year i have been making a mistake of showing Exempted good in zero return good.

IS there is change to get notice.
If yes how to reply that notice.
Please guide


Geetha Venkateswaran
This Query has 1 replies

This Query has 1 replies

18 October 2024 at 16:50

Section 80U and section 80DDB deductions

if a person is blind and also has malignant cancer,can that person claim deduction under section 80U and under section 80DDB? He is a senior citizen . Since he has very limited insurance coverage,
and incurring expenditure on chemotherapy, will he be allowed both deductions?


DEBASISH BODHAK
This Query has 8 replies

This Query has 8 replies

Financial Year 2023-2024 An Individual Chartered valuer earns professional fees Rs.47,95,884/- and made an export sale of Polyester Curtain Rs. 4,44,825/-.
1) Is he required to get his account audited.
2) If yes, how it is possible, as the last date of submission is over.
3) He got a notice - Your Income-Tax Return has been identified under risk management process of the Income-Tax Department. Your confirmation is required on the following claim(s)/ deduction(s)/omissions in the return. Reason "Refund claim in violation to section 44ADA"
Please advice me what to in this situation.


Kollipara Sundaraiah
This Query has 1 replies

This Query has 1 replies

Sir,
A Doctor (name :A)owns private hospital service provide to different patients .but another doctor (name mr.B)service provide to patients in Mr .A hospital health services income rs:20 lacs and tds deduction after net amount show in name Mr.A pan 26 as reflected
Question:
Health services income amount repayment procedure Mr.A to Mr.B