Sir,
It assessee purchase of mutual fund (sft-18) ICICI mutual fund rs:10,000/- and ICICI mutual fund rs:10,499/- show as per AIS information
Question:
Assessess purchase of mutual fund show procedure and taxation in books and it returns in f.y.21-22.

It is said that the new provision of section 139(8A) to file updated return is applicable to person. Whereas I found that an AOP wish to file updated return left with no option under the new provision who normally assessed at the Individual tax rate. Here it means that the person means only individual and does not includes AOP. Is there any possibility for an AOP to file updated return Under 139( 8A).

Hello,

Post office has reported all 5 years of interest in AIS on maturity of NSC.
I have been reporting on accrual basis for the last 4 years.

I have submitted AIS feedback and it was processed and the derived value in TIS is now correct.

Will the tax department consider the derived value in TIS while processing my return or the original value(which is incorrect)?

Thanks

We are doing business in many state & having different gst registration no.in each state.
We have purchased 10 No. of cupboard (capital asset ) in Kolkata unit .Purchases invoice is addressed to our Kolkata unit & supplyer is also located in Kolkata city.

But same


accounted in Maharashtra state (HO) gstn
books of account. While accounting we are
not take gst input.
In above case can it is treated as supply due to distinct person. Can it is inferenced that supply to Maharashtra distinct person from Kolkata distinct person.
Please guide in detail

Sir/Ma'am,
Following are the details of Land which has been sold in F.Y. 2021 - 2022
1) Allottment Letter was issued on 1991
2) Possession Date - 2006
3) Conveyance Deed - 2009
4) Payments made in installments from 1991 - 2013

Which Year should be considered for Indexation? Please Guide.

I read previous recommendations on this site dated June 1, 2022, requesting downloading the latest utility from the Income Tax website to resolve the above issue. I downloaded the utility in July 2022 (a full 1 month later), offline Desktop version "ITDe-Filing-2022 Setup 1.1.8". I still get the message "Schema error occurred while submitting your form, please try later" when uploading the form after successful validation. What should I do now? I have painfully entered my returns, do I have to reenter them in another utility if this version does not work?

Dear sir,
One of my client entered joint development
Agreement. My client made GPA of his agriculture land to one of the developer. The developer paid Rs . 825000/-, as a good will to my client. Now the good will taxable income or not

Sir,

What is composite allowance included in the salary structure. Whether it have any tax implication.
Also whether all employer are eligible to provide composite allowance to their employees.

can any one provide list of payment made dis allowance of GST Input such as
Interest on delay deposit of GST,
payment for late filing of GST returns,
penalty paid under GST( CAN ANY ONE PROVIDE WHICH TYPE OF PENALTY) DISALLOWED )
Please also provide list of section.

I am a member of a Co-operative Housing Society in West Bengal. I paid to the Society in instalments, the proportionate cost of land and cost of construction of the building during construction of the building. After completion of construction, the Society transferred the ownership of my apartment to me by a deed of conveyance. The stamp duty paid is based on the stamp duty value of the apartment (circle rate), which is much higher than the construction cost paid by me to the Society.


My question is for the transfer of ownership of the apartment by the Society to me, will the difference between the cost of construction and stamp duty value of the apartment be charged as income from other sources under Income tax act section 56 (2) (X) (b) by the Income tax authorities?

Thanks for your help.