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C.S.MADHURANATH
24 July 2019 at 09:14

Exemption of long term capital gains

DEAR SIR,
WHERE THE PERSONS HAS MADE LONG TERM CAPITAL GAINS, TO CLAIM EXEMPTION HE HAS TO INVEST IN NEW ASSET BEFORE THE LAST DATE OF FILING INCOME TAX RETURNS OR DEPOSIT IN CAPITAL GAINS DEPOSIT ACCOUNT. NOW FOR AY2019-20, THE LAST DATE HAS BEEN EXTENDED TILL 31/08/2019.
THE QUERY IS IF INVESTMENT IN NEW ASSET IS MADE OR IF DEPOSIT IS MADE IN CAPITAL GAINS DEPOSIT ACCOUNTIS MADE BEFORE 31/08/2019, WHETHER THE PERSON CAN CLAIM EXEMPTION FROM LONG TERM CAPITAL GAINS?
THANKS & REGARDS


Amit

Dear All,

We have received an Invoice from Parent Company (Japan) for Debt Guarantee Fees, what rate will be applicable.
Under 195. (10% or 40%)

Please advise

Thanks & Regards

Amit


Jatin Pal
24 July 2019 at 08:03

Income tax paid

SIR,

I, AN INDIVIDUAL (WITHOUT AUDIT REQUIREMENT) PAID X AMOUNT AS SELF ASSESSMENT TAX ON 31.08.2018 AT 10.30 PM FOR FY 2017-2018 BUT BSR CODE AND OTHER INFORMATION NOT AVAILABLE , SO I HAD NOT CLAIMED THIS X AMOUNT IN FY 2017-2018.

But today 26As is showing in FY 2017-2018 Rs X has been paid as self assessment tax on 01.09.2018
Can i claim this X amount while filling ITR of FY 2018-19.

If , yes please also explain where to write this amount?

Jatin Pal


CA Sweta

Monthly annuity received by taxpayer from insurance plan of ICICI Prudential Life Insurance taxable under the head salary or income from other sources?

Kindly guide as soon as possible


CA Sweta

If taxpayer receives annuity monthly from Insurance plan of ICICI Prudential life insurance,is it taxable as income from salary or income from other sources?

Kindly guide as soon as possible.


CA Sweta

What is Jurisdiction of residence in below case?

A person first time go to Australia and stayed there from 30-3-2018 to 23-3-2019.So her residential status is NRI for A.Y.2019-20.Now since 23-3-2019 till today she stays in India.what is her Jurisdiction of residence and TIN in ITR-2?

Kindly guide as soon as possible


Sakthi

Hi,

Can you share under which provision we can available income tax benefit for additional Investment




SANTHOSHA KM
23 July 2019 at 23:41

Calculation method of salary arrear

Dear Sir,

Can you please give calculation method of salary arrears for A.Y. 2018-19, 2019-20,

*form 16 which Amount to be considered.


Regards,
Santhosh


HARENDRA SINGH
23 July 2019 at 22:49

Itr form for partnership firm

Dear Sir/Madam,

Please advise to me which ITR (Form 4 or Form 5) form is applicable for partnership firm. Firm had been created in July 2018. Total Turnover Rs. 77 Lacs.

ITR form for Partner (ITR-3 Or ITR 4).

Thanks & Regards

Harendra Singh


kailash jhalani
23 July 2019 at 22:26

Property

I was purchased a property on 30.9.2004 on an agreement . N payment made through cheque 300000 10.05.2004 on this date stamp duty value 300000.
After that i registered this property on 12/07/2019 dlc value on that date is 1300000 on this transaction sec 269st Nd sec 56 apply or not also effect of tax implications