This Query has 1 replies
How are allowances such as House Rent Allowance (HRA), Sumptuary Allowance and Compensatory Allowance to Honourable Judges of High Court judges, previously exempt under the Income Tax Act, treated under the new tax regime?
Is there any specific notification or circular issued by CBDT regarding the treatment of these allowances under the new tax regime? If yes, please provide a copy.
This Query has 1 replies
Dear Sir,
We have sold a land for that we have deposited one time lease with UIT can we consider it as cost of improvement for calculating Capital Gain For Ay 2024-25
This Query has 1 replies
FIRST BILL RS. 20633 TDS NOT APPLIBALE AS LIMIT IS 30000 UNDER SECTION 194C
SECOND BILL RS. 50000 THAN TDS APPLICABLE UNDER SECTION 194C
QUESTION IS TDS WILL BE DEDUCTIBLE ON SECOND BILL OR BOTH BILL AT THE TIME OF ISSUE OF SECOND BILL ??
This Query has 9 replies
I have made a TDS payment before going with the purchase of property.
But the sale was called off later and am trying to get the refund for the TDS.
But while trying to fetch challan details from TRACES site, am getting below error.
"Refund request can be submitted for OLTAS challan (s) where available amount in challan is equal to or greater than ₹1. "
This means that the amount is already credited to seller PAN.
In this case, how to get my refund?
This Query has 3 replies
If party has paid Tax with interest while filing Original return u/s 139(1)
So now in assessment proceeding Return to be filed u/s 148 There is no interest showing while generating computation of income and amount refundable is showing in computation
So can we claim refund while filing return u/s 148?
This Query has 2 replies
What if a company opts for section115baa...then interest on Fixed deposit would be taxed at 22% or 25%...and if company has rental income too then deduction under section24 would be allowed?
This Query has 2 replies
sir.
one of my owner has Refund during 23-24.Due some other urgent matter unable to file return with the due date 31th Jul .
If she filed now can get refund
Please advise
with regards
Binu
This Query has 1 replies
I have a Rs 25 lacs LTCG on sale of residential property. Can I offset that gain by long term capital loss booked on sale of shares in the same year. Thanks.
This Query has 5 replies
Can we declare income u/s.44AD of a newly formed partnership firm for FY 2023-24 ? And can we also further deduct Salary and Interest on capital paid to partners in a non-audit case ?
This Query has 7 replies
In the intimation of the Income Tax Return (ITR), it is stated that Form 26AS contains only a partial amount of TDS/TCS with respect to the TAN mentioned in Schedule TDS 1/TDS 2/TCS. However, the amount in Form 26AS is the same as the one I claimed in the ITR filing. What should I do if the filing was processed without a refund?
In the form 26AS the entries are tagged as F . Also I have the form 16 from the deductor.
Taxability of Allowances to High Court Judges