Sonu Sahani
30 April 2024 at 10:32

Fixed Asset Shown in Stock Items

Dear Experts
i have one quarry regarding the stock item there are five stock item in tally prime which is entered in 2022 to 2023 and it was carry forward in 2023 to 2024 how can remove these items from stock because we we could not sale purchase in these items and because of these fives items my stock shown in tally to much



Keshav Kumar

Hi there,

in FY 23-24, I sold a property and I had a capital gain. For reinvestment of capital gain, I invested 50 Lakhs in bonds ( Section 54EC) and I bought a flat which is under construction. I have paid 80% of Flat purchase price. My question is: when I file my income tax return, Can I show 100% of flat price or i am allowed to show only 80%? If I am allowed to show only 80%, should I be transferring the remaining capital gain to Capital gain saving account? ( which is approximately 20% of remaining flat price)?

Thank you!

Keshav


Mahesh S M

If we encounter a balance during finalization resulting from rounding off or writing off, to which account should it be transferred?


Senthilkumar M

Since the introduction of Electronic Credit Reversal Reclaim Statement, till now we have not updated the Opening balance.
Whether it can be updated now with current accumulated balance?


Chandra Kala
29 April 2024 at 17:36

Waiver of Interest

Whether it can be possible to claim waiver of interest charged by Income Tax Department on tax due


Anshika
29 April 2024 at 15:56

TDS Deducted on ZOHO

Hi,
I want to renewed my ZOHO license so, i just wanted to ask is TDS is deductible?


Ashish Kumar Pandey
29 April 2024 at 13:29

TDS on sale of property March 2024

Dear Sir,

If purchase a property-Leasehold Land of Rs. 2,00,00,000/-
Allotment Order Date- 10/02/2024
Payment Date 15/03/2024
Possession Order Date- 28/03/2024

Then which is the last date for TDS payment and filing of form 26QB.

30/04/2024 it is correct


Mukesh Khandelwal

Dealer has one truck, which is solely used for transportation of petroleum products, under the contract of Indian oil corporation and Hindustan petroleum products.

As the petroleum products are not the part of GST, it comes under vat.

Question is whether freight charged on it also became exempt under GST


Prem Moolwani
29 April 2024 at 11:26

Uses of Credit Card through UPI.

I have made payments of house hold exps approx Rs. 9,00,000/- in FY 2023-24 through UPI Linked PNB Rupay Credit Card at various Shops/Showrooms/Malls etc. at different UPI Scanners. My credit Limit is Rs. 50,000/- per month. In previous FY 2022-23, I have filed an ITR of Rs. 6,50,000/- of Gross Total Income. Will I receive any Income tax notice for using credit card? Give your expert advice?


Parli S Raghuraman

My client has a house property registered in his and his spouse name.His spouse has been declaring income from property(let out) in her IT Returns so far.Would clubbing of income apply?

My client wants to declare the same income in his IT Return from the current FY onwards.Is this ok?Of course,his spouse would not declare the income from property in her IT Return now onwards.

Pl clarify