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Tataraju Chowdary
18 July 2024 at 09:07

Improvement cost on open plot sale

sir, for 15 years term how much improvement cost percentage may acceptable ?


upendra chaudhary

trying to find TR 4 business code for graphics artist. but not able to find.. business code 16019 not available anymore.. its become medical profession... I'm really confused. please help.


Amitabha Das
18 July 2024 at 00:10

Regarding sgb interest

Sir in ITR-4,where to show SGB semi annual interest received in savings account??


faisal shukoor

Please assist with the below query and in detail if you can:

FY 22-23 (April 01 to 31 March)Indian reporting period for tax purpose my residential status was RNOR

For current filing FY 23-24 my status will be resident ordinary resident.

Since I hold foreign stocks I have to declare them while filing under FA schedule for foreign reporting period 01 Jan to 31 Dec 23(calendar year)

I recieved dividends and sold some shares between Jan 23 to Mar 23 while holding RNOR status. No tax was paid or reported as RNOR is not required to report.

My question is do I need to report the dividend and gross proceeds from sale for the above period while filing FA schedule this month.

If yes, how to claim exemption for dividend and capital gain.

Thank you


Dipak Dave

The available xls file does not provide for only interest payment during moratorium period. The accounting treatment given is interest is capitalised during moratorium period if not paid. But when interest is serviced during the moratorium period, the calculation is not available in the Xls file till it starts repaying the "quarterly instalment". Can anybody help on quarterly instalment payment plz?


ketan shirke
17 July 2024 at 21:28

DEEMED TO BE LET OUT PROPERTY

If a person has two house property. For one house property he has paid interest on borrowed loan of Rs.67000/-. The said house property is let out property against which he claims interest on home loan.
For second house property he has paid interest on home loan of Rs.408368/- which is self occupied. Whether this second house property can be declared as demeed to be letout property in order to carry forward the loss above limit of Rs.200000/-.


P.Madhivadhanan

In financial year 2022-2023 performance based incentive given to employee. After the financial year performance audit conducted by the employer,. Based on performance audit report, amount given to the employee was recovered to the tune of Rs.50800. The assessee paid the tax on full incentive in financial year 2022-23 retur. Current Financial year 2023-24 ,he got incentive Rs.280300 and on that TDS was deducted. I want to know while filing the return of income for FY 2023-24, already recovered amount is deductible in current year incentive or any other remedy is available to the assessee


Rajesh Bk
17 July 2024 at 20:16

presumptive taxataion scheme 44AD


Hai myself Rajesh
I am working in 2 colleges as a lecturer under contract basis. The college authority deducted tds under section 194c and 194JB. My total receipts Rs.434380/-( all are bank receipts) for fy 2023-2024 ( Total TDS deducted Rs.10650/-).Will i file in ITR 4? Can i show in presumptive taxataion scheme 44AD by showing 6% profits. What is the business or professional code for my income. (code no.) can i get TDS refunded?

It is humbe request to guide me in detail. I am waiting for your valuable reply.


Gaurav Gupta
17 July 2024 at 19:59

Purpose Code for FIRC

I sell virtual gaming stickers of various online games which are sent to users directly within the game. I receive money in paypal.. I want to know which purpose code should I use in paypal for receiving these payments.. Are these virtual stickers considered as goods or services?


vikas garg
17 July 2024 at 18:34

Property joint ownership

I want to buy property on joint name of myself and my wife in gujarat. If I keep first name of my wife and second name of myself in sale deed then is there any benefit. In this property my wife is contributing meagre amount. In future i want to rent out the property so can i show whole rental income as wife’s income as her name is first?







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