Facts : Filed Form 67 and ITR 2 for AY 2022-23 well before the due date. But while filing both Form 67 and ITR 2, FTC was claimed U/s.90 instead of Sec.91. (For Jamaica, there is no DTAA. Please correct me if I am wrong).
Query : CPC has not allowed the FTC, 143(1) intimation received. Can I file rectification U/s.154 after filing a revised Form 67?
Thanks & Regards.

Dear Sir,

A person have business income from 2 business he is unregistered in GST because turnover is both business Rs. 5126400/- First business Rs. 2946300/-( Cloth Marchent ) and Second business Rs.2180100/-( Marble Supplier ) if he filed his ITR under 44AD Turnover business RS.5126400/- turnover as per gst is NIL so can he face any issue from GST department so please suggest

We have to pay Leave Salary Contribution of Rs.289631/- and Pension Contribution of Rs.850800/- to one of our Deputationist who has rendered services from Tamilnadu Government and repatriated to home department. the demand has been raised by "The Accountant General (A&E) Chennai. whether we have to deduct TDS on these amounts or not if TDS is applicable, under which section to be deducted (192 or 194)
kindly advise

Hi,

Assessee has sold listed long term equity shares (treated as any other asset) in FY 2022-2023 & planning to invest in CGS account as the proceeds will be used to buy a residential house in future.
In FY 2023-2024, Assesee plans to sell a piece of land (treated as any other asset) & will invest the proceeds in CGS as well.
The Proceeds of both the above asset will be used in FY 2024-2025 to buy a residential house.

Query
1. Can 2 CGS account can be opened in 2 different FY as above
2. Can both amounts be deposited in 1 single CGS account opened.
2. Can both the proceeds be used to buy a single residential house

how to solve this Since the return is not verified within the time allowed, same is deemed to be never furnished. This one is filed after due date

As my company purchased water tank Rs.5000 , whether it is office equipment or F & F , or it is expense

I just like to know what kind of expenses director of private limited claim from company
Can he claim his medical expenses
Can he claim his clothes expenses for biz meetings
Is family holiday can be claimed once in year

If yes please let me know limits n section

Dear Sir,

One of my client is giving salary of Rs. 50,000 each to two of the directors since there was not much profit earned by the company during the year.

I want to know when the directors file their income tax return showing salary of Rs. 50,000 each, can they claim standard deduction which will result in zero taxable income from salary.

Please advise in this matter.

Regards,
Divyesh Jain

What will be considered as the Date of Purchase of the New Asset (Residential House) which is required to be purchased 1 year before the Sale of Original Asset (Residential House) as per the requirement of Section 54:

1) Date of Agreement of Sale.
OR
2) Date of Possession of the Flat.

Husband gifted one apartment and one plot to his wife {She is house wife.) in good time. Also helped financially to purchase a plot on her name. Also helped financially to build a house on gifted plot by her. Now Wife is owner of One apartment, one constructed house {Ground +1 flour on 40 X30} gifted plot, and one plot that purchased in her name but financed by her husband. Currently no movable or immovable property is in husband's name. Both are senior citizens. Husband retired and working part time for lively wood. House is running on husband's earnings only. Two daughters are married. Husband's PF/Gratuity /Insurance money used for daughters’ marriage expenditure. Now wife not treating husband well. Planning to sell one of her properties {Gifted) for her own security purpose. Husband is not agreeing. Now what is the rights of Husband/Wife?