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D.P.KAPOOR
30 June 2024 at 20:45

Rental income shown

पति और पत्नी के नाम संयुक्त संपत्ति पर किराये की आय को आयकर रिटर्न में पति और पत्नी के नाम 80% और पत्नी के नाम 20% क्या दिखा सकता है जबकी प्रोपोर्टी में कोई अनुपात नहीं है


Siva Chaitanya Varma Inampudi
30 June 2024 at 18:52

44AE Vehicle Weight

What is weight to be taken for Lorry while computing income under section 44AE, Whether Gross Vehicle weight is to be taken or Unladen weight is to be taken?


Suraj

Dear Sir / Madam,
My query is as follows:
Mr A sold equity shares of listed companies and earned Long term capital gain of Rs. 275,000/- (Sales value Rs. 15 lakhs). He purchased a residential house property in the same year for Rs 50 lakhs.

Instead of claiming exemption of long term capital gain upto Rs. 1 lakh, Can he claim exemption of entire long term capital gain of Rs. 275,000/- by showing u/s 54F the investment of sales proceeds of equity shares of Rs. 15 lakhs in the purchase of new house property?

Kindly guide.
Thanking You,
Suraj


Sankalp
30 June 2024 at 13:27

Discrepancy in Form 16

My employer has filled my HRA component in "Total amount of any other exemption under section 10" in Part B and "House rent allowance under section 10(13A)" is 0.

When I asked finance guy to get it corrected it, he told me that govt portal is generating wrong info. I think their CA has wrongly filled the info and he is justifying it simply.

Can I face problems in future in case he does not get it rectified? He is very rude.

How can I take it up with IT department?


Sushant Gandhi
30 June 2024 at 12:22

E-way Bill Applicable or not ?

BILL TYPE : Supply of Goods - Regular, Bill to - Ship to

Supplier : Maharashtra

Bill to : MNC, Gujarat

Ship to : Maharashtra

Distance between Supplier to Ship to : 1.5 Km ( Actual Material Movement )

Billing Amt with IGST = 64,000/-

Remarks : 1. Material movement is only 2 km in & within Maharashtra

2. E way Bill requirement Criteria in Maharashtra is above 1,00,000/-

Question : Eway billing is required or not?

Please reply with section no. & sub section.


kollipara sundaraiah

Sir,
Assessess itr returns filed last 5 years details mentioned below
Income last 5years rs:35 lacs
Expenses claim last 5 years rs:12,50,000/-
Net balance amount rs:22,50,000/-
Assessess amount fixed deposit in bank rs:30 lacs
Question:
Assessess deposit amount rs;22,50,000/- or rs;30 lacs is correct procedure.


Vivek Desai

Whether Buy back shares full value consideration and cost of acquisition is required to include in capital gain schedule? If yes then how tax exemption shown in EI schedule will get reduced from total gain offered for taxation in capital gain schedule.
OR only profit is to be reported in EI schedule & No sale consideration , cost of acquisition is to report.


Prince Gupta
30 June 2024 at 02:22

Regarding Form ITR 1 and ITR2

Hi,


Please suggest which ITR should be filled.I have not sold any share , Mutual fund in last year.
Can I file ITR 1 ?


Rajnish Shukla
30 June 2024 at 00:58

HUF formation date

We got married in 2002. Me and my wife are now selling our joint property, acquired by some cash hand loan from parents and home loan on our name, in 2010. Now we want to create HUF and invest the capital gain by sale of this joint property, in new residential property under HUF. what shall be the date of creation of HUF. ??


kollipara sundaraiah

Sir,
Assessess cash Gift from brother rs:60,000/- and cash Gift from brother rs:40,000/- through on UPI mode dt:10-06-24
Question:
Assessess above Two gift transaction sec 56 (2) provision applicable.







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