Poonawalla fincorps
Poonawalla fincorps


SANJEEV JAIN
31 December 2021 at 19:18

Busi expenses

sir
iam salaried class, also having commercial property where i have to pay maintenance, property tax, etc. since i don't have any business income.
then where should i deduct the above expenses in ITR.


Nitin Acharya
31 December 2021 at 12:26

Reg TDS on Property

1) If Investment is made in the property of value Rs 1.50 Cr in the joint name Mr. X & Y (wife)[ ratio of Investment 80: 20], then both Mr. X & Y or Mr. X should pay TDS on property.
If full payment Rs 1.50 Cr is paid to Builder by Mr. X & Y jointly without TDS on property & the Builder deducts TDS on behalf of Mr. X will do.
2) If P advances to Builder 90 lacs on which GST is also paid & TDS paid by builder on behalf of Mr.P. Agreement not yet registered & the value of the agreement will be Rs 1 Cr. Is it OK if Mr P pays bal Rs 10 lacs & GST before the registeration of agreement & Builder pays TDS Rs 10,000/-on prop on behalf of Mr. P?
Please give reply with implication.


SIDDHARTH MAHESHKUMAR SHAH

Will there will be Extension of Due Date for Income Tax Return Filling AY 2021-2022


MAKARAND DAMLE
31 December 2021 at 11:38

Liquid Bees

Gains received on sale of
NIPPON INDIA ETF LIQUID BEES
NIPPON INDIA ETF NIFTY BEES
NIPPON INDIA ETF BANK BEES
NIPPON INDIA ETF GOLD BEES

are taxable under capital gains or dividend ?


HARDAMAN SETH
31 December 2021 at 11:34

Levy of Late filing fee u/s 234E

Hi
Iam an individual tax payer. I have received a demand for late filing of TDS on Rent paid u/s 234E and Sec 200A (penalty). I have already downloaded the justification report from the TRACES website. Pl guide me how to pay this demand and where to update it for confirmation of the tax paid?

regards


Kavita R
31 December 2021 at 10:37

Applicability of section 73 to 76

1)Is sec 73 to 76 applicable to Private Limited Companies?
2)When a loan from related party is taken which is interest free or from to another company is it deposit ?
3)When the auditor in his CARO report gives this remark , whether we have to consider it as a qualification and give managements opinion on the same in Directors Report?
4) If interest free loan is taken whether it violation u/s 73 to 76?


Keyur

Sir/Madam

I want to know how to calculate capital gain -long term/short term on sale of mutual fund
also want to know how to calculate cost of acquisition of mutual fund, if assessee was invested monthly of Rs.15000/- start 3 years back

In which section capital gain tax will show in ITR form?? form applicable??


amzad khan

My bank statement may show TDS deduction is happening because of cash withdrawal limit so how will I do journal entry


Madhu M
30 December 2021 at 23:45

Client Expired case

Dear sir

my client is Expired last year
can we file his income Tax Returns now ??
any legal proceedings to file ???? his son wants file his IT returns now

please Advise me


Noo Bie
30 December 2021 at 21:34

Which ITR to fill ??

I have profit income from partnership firm but it is exempted as tax already paid on it
agriculture income more than 1 lakh
rent income
also no books maintained for agri and rent income