Hi all,

My client is not allowed to claim set-off, in A.Y. 2021-22, of capital losses(u/s 111A & 112A) incurred in A.Y. 2020-21. ITR of both the Assessment Years are filed on or before due date u/s 139(1). No reason for denial of set-off is available. Rectification request u/s 154 for mistake apparent from record in the intimation received u/s 143(1) has not worked out.

Kindly share your experience with the same matter.

What is the effective rate of interest for valuation of perquisite in respect of interest free loan for financial year 2022-23??

Hi all,
we have paid tds online with minor head 400 (raised my income tax department) instead of 200 (tds payable by tax payer). It has been corrected with Request for OLTAS Challan Correction option available in traces and has been accepted my department and same has been proceed. But while check challan status status inquiry in NSDL it shows same minor head 400 instead of 200. Please give us Suggestions to proceed further.

Regards
Ravi

Dear All

Can you please share New building capitalization workings and disclosure requirement working files.

Please help me.

Thanks in advance

Does Part III of previous year's Finance Act becomes Part I of current Finance Act?

Similarly will the Part III of current Finance Act become Part I of the next Finance Act?

I am not able to generate Form 27A through RPU version 4.4, pl help

Dear All

I have sold agriculture land after converting the same as Non-Agriculture.
I Got the same land in inheritance.

I want to know how to calculate capital gain on the same?

What amount can be considered as cost of acquisition if purchased before the Year 2000? Is it the value on the date of purchase of land or on the date of conversion to Non-Agriculture??

Thanks
Nirmal Dave

Sir
i am about to take registration for a client dealing with printed materials [packing boxes, letter pads, souvenirs, etc..] under Compostion scheme. My ROT will come under 1% [0.5%+0.5%] or 6% [3%+3%].

Dear Sir,
Kindly advise we have deposited excess GST with huge amount. Is there any process to take refund to our bank account ,because our company is winding up.

Regards,
Motilal

I need clarification regarding purchase of raw agricultural goods like spices, pulses and wheat from farmers based in uttar pradesh , as I am from Himachal Pradesh, so I want to know is it legal to do this, if yes, then how to proceed with same?