Dear sir,
I have small doubt about cash transaction limit on sales & purchase , receipt, payment

Is cash receipt limit upto 200000/-???
what is cash purchase limit ???


Thanks in Advance

madhu M

Dear Sir

In order to save capital gain tax on sale of residential property, do we need to reinvest entire sales consideration or only the capital gain amount of the sale value to buy another already constructed residential property within 2 years of sale. Pl advise. Thanks..

My ITR is not getting uploaded and after submission, the message displayed by the system is as under:
"The XML Schema is invalid. Please upload the XML in correct Schema.
At line number 3060: The value 'No' of element 'ITRForm:isLiableToAudit' is not valid."

Please note that there is no audit requirement of any kind in my case

Dear Experts,
CPC has raised the demand for AY 2017-18 this was due to error in return data whereas as per return there was refund of 54000/-

However we filed the return for AY 2019-20 with the refund of 39649/- CPC has adjust the said refund of AY 2019-20 against the demand of AY 2017-18 with passing order U/s 245,

Later we have filed rectification for AY 2017-18 to correct the return data, hence accordingly CPC has passed the order correcting the return with initiate the refund of 54000/-

But refund of AY 2019-20 has not process yet which was adjust u/s 245,

Pls tell me what to do to release the said refund.

Thanks
Nikhil

I transferred a society flat,acquired in 2009 in Gurugram Haryana for Rs 55 Lakh to my NRI son in 2015 under blood relation transfer scheme where in no stamp duty is chargeed on transfer of property among blood relations.I have following querries-
1 What will be buying price at the hands of my son?
2 Since my son is abroad and in corona times travelling is not safe,if I have power of attorney from him to sell the house,my understanding is one can not transfer ownership on POA sale in which case I will not get a buyer.Any solution to this problem.
3 As and when the flat is sold,is he entitled to invest under sec54 (infra bond) to save tax?
4 In the alternative,can he buy a flat from her mother to save CG tax
Thanks
S C Goswami

sir
If a transport co. wants to do an additional business of trading of goods, can it do its business under the same gst number?
If yes, can it avail the ITC of its early purchase of tyres and spares and utilize it against the sale of goods ?
let me know plz
thanks in adv

assess sec 44 ada I.t. return filed every year.but three years I.t returns true copy certified by CA for bank loan purposes
Question:
UDIN no.manadatory or not manadatory

Dear Sir

I had purchased a property in 1976. I sold this property in 2020. How do i calculate capital gain as CII is applicable from 2001. Do I need to hire approved valuer to calculate cost of property in 2001 ? Pl advise. Thanks

One of person have agency of Airtel payment bank.cash received on an average 1 lac cash daily from customers to deposit in Airtel payment bank.currently deposit money current account and transfer to Airtel.
Question:
Person which account required open his money deposit business.

Dear Sir/Mam
I have a quarry regarding income tax please suggest me:
A person live in 8 months rest of 4 months out of India ( Malaysia) he got income consultancy fee in India 8 months and 4 months form Malaysia.
He was file income tax in Malaysia ( Income got in Malaysia) and want to file Income tax in India so i want to know how can he got benefit already file tax out of India.