This Query has 1 replies
Dear Sir/Madam , My company purchased a projector amounted to Rs. 61,200 including transportation charges of Rs.1000. Does company need to deduct TDS on this ?
This Query has 2 replies
If the assessee has opted for presumptive scheme u/s 44AD for Real estate business and also having commission income u/s 194D for which it is showed under the head of other source
So whether the income tax return shall be treated as defective of it will be processed as income of 194D is shown under other source?
This Query has 2 replies
WHAT IS THE PASSWORD FORMAT TO OPEN NOTIC ATTACHMENT.
This Query has 4 replies
I had purchased 1000 shares of a company in March 2024 and sold them in May 2024. After the death of my father I inherited 5000 shares of the same company in October 2024 which my father had purchased in the year 2019. For computation of capital gains, what will be the cost of acquisition of the shares I sold in May 2024.
This Query has 2 replies
A person is a shareholder and director of an Indian Pvt Ltd company (holding percentage 90%)
That Indian Pvt Ltd company is a holding company for a foreign subsidiary (100% -wholly owned subsidiary)
The person has the signing authority for the foreign bank accounts
Query is only disclosure under Column E of schedule FA is required in ITR is required as he has the signing authority or Disclosure under Column B of schedule FA ( details of financial or beneficial interest in entity would also be required)
This Query has 10 replies
DEAR SIR,
ONE OF MY CLIENT ENTERED INTO JOINT DEVELOPMENT AGREEMENT IN THE YEAR OF 2020 FOR DEVELOPING AND CONVERTING INTORURAL AGRICULTURAL LAND TO NON AGRICULTURAL LAND. THE AGRI LAND WAS INHERITED PROPERTY. THE DEVELOPER DEVELOPED THE AGRI LAND AND TRANSFER TO MY CLIENT NAME IN THE YEAR OF 2022.
HE SOLD THE SITES IN THE YEAR OF 2024.
IN THIS SITUTION HOW TO DETERMINE COST OF ACQUISTION AND YEAR.
BEFORE 2020 OR 2022
THANK YOU SIR ,
REGARDS
This Query has 2 replies
If purchase of Rs. 4,00,000 is done from single party and if payment of less than Rs. 2,00,000 is made in current financial year and remaning amount is payable in current financial year and paid in cash in next financial year.
Then whether penalty u/s 269ST shall be applicable considering it as single transaction?
This Query has 2 replies
I have started a cyber cafe in FY 2024-25 and have suffered a loss of around Rs 1 lakh. In order to meet my household exepenses, I have redeemed around Rs 3 lakh from my MF investments during the year. Can I show the redemption amount as personal drawings in Balance Sheet? If yes, how to adjust it?
And how to reveal it in ITR-3?
This Query has 3 replies
I have received Pension from EPFO in the previous year 2024-25 which also includes arrears. Please advise applicable head of income under which same is to included. Though I am not very sure, if Income tax was deducted from the arrears, will I get any rebate under section 89 on arrears of the pension?
This Query has 2 replies
If pan card or aadhar card no. is not available of buyer because buyer is NRI in case of capital gain. they have Passport no. but in buyers detail only pancard and aadhar card no. is available. in that case what should we do?
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TDS on freight or transportation charges