Komal
19 June 2024 at 22:03

Old tax regime & New tax regime

If my client informed there income details as per old regime to there employer at the time of TDS deduction (FORM 16) but at the time of filing return we found that new regime will be beneficial for him, can he opt for the new regime at this stage.


Dr. S.K. Soni

I recently purchased a house for Rs. 60.4 lacs on 08.06.24 and want to sell it for Rs. 1.00 crore to purchase a bigger house worth Rs. 1.5 crores. Please advise the Income Tax liability given the short-term Capital gain considering the reinvestment of the whole money for buying a new property.


jignesh sitapara
07 August 2024 at 16:09

ITC on Iphone

Dear Experts,
My client purchase two Iphones in one month. Can He claim ITC of both Iphones ?


backup 1989

Input Tax Credit Eligibility for Construction Equipment Vehicles

**Question for Expert:**

We own multiple construction vehicles (JCBs, Pokelands, trucks, dumpers) and frequently purchase tires and other parts for them. Are we eligible to claim Input Tax Credit (ITC) on these purchases under GST? If so, are there any specific conditions or documentation requirements we need to fulfill?

Thank you.


Sanjana Gupta
19 June 2024 at 18:04

ITD-exec2003

Getting this error ITD_exec2003 while uploading return today please help.
And while uploading through software getting schema error try again later.

Please help.


Suresh S. Tejwani

If warehouse is in india and Owner of Warehouse is in abroad and earning rent income in india so whether GST would be applicable in such case?


raghavendra b
19 June 2024 at 17:49

PAYMENTS DELAY

DEAR SIR,

ONE OF MY CLIENTS PURCHASED GOODS FROM MAIN DEALER, HE HAS NOT PAID PAYMENTS IN DUE DATE NOW THEY WANTS CLOSE THE BUSINESS AND CLEAR ALL DUE BALANCES NOW THE DEALER DEMANDING CLEAR THE BALANCES INCLUDING CREDIT NOTES RAISED BY THEM. FOR THE DELAY IN PAYMENTS THEY HAVE RAISED DEBIT NOTES ALSO.

1.NOW MY DOUBT IS MY CLIENT HAS TO CLEAR THE BALANCES INCLUDING THE CREDIT NOTES RAISED BY DEALER IF YES
2.THEY HAVE TO LESS THE DEBIT NOTES RAISED BY THEM WHILE CLEARING THE DUE PAYMENTS.

3. I HAVE THOUGHT THAT ITC CAN NOT BE CLAIMED IF THEY HAVE NOT CLEARED PAYMENTS IN DUE DATE. SO IN THIS REGARD THEY DEMANDING THE PAYMENTS ALONG WITH CREDIT NOTES BECAUSE THEY HAVE PAID GST ON THAT.

PLEASE CLEAR MY DOUBTS WAITING FOR YOUR SUGGESTIONS

REGARDS

PLEASE


mohamed ali & co
19 June 2024 at 14:18

Due dates for trusts

Please give the forms to be filed and the due dates for public charitable trusts for the assessment year 24-25


D.P.KAPOOR
07 August 2024 at 16:09

Rental income of Joint property

Joint property mere aur meri wife ke nam he us per rent mere account me aa raha he. kaya me yeh rent 80% apni return me aur 20% anpni wife ke return me yaa pura rent apni return me dikha sakta hun.
DP Kapoor
9810600330


Sachin Singh

Hello, I have always had business income (ITR 3). Last year, I'd filled Form 10IE to file under the new tax regime. If I want to continue under the new tax regime this year as well, I don't need to fill any form this time, right?

This year, the new tax regime is in any case the default one, so this would also mean I don't need to fill any form, right?

Thank you.