Ravish Gujral

how to claim long term capital loss if holding period more than two years


Komal

My query is that how can we claim the deduction (for example as deduction claimed u/s 80P of the Income Tax act, 1961 by the societies providing credit facilities to its members) in respect of excess of income over expenditure in a union of bank employees claiming exemption u/s 10E.

However, I want to bring one thing to your notice that the assessee is a Union of members (who are bank employees) which has been established for the welfare of the members & for managing all the expenses related with administration of Union. The total of income side of assessee has been taken by making total of all the donations, subscription & interest on investments held by union (i.e. deposits etc.).


PARDEEP KAPIL
17 November 2023 at 18:25

TDS ON EMI TO BANKS

Dear Sirs - please let me know - (1) Is TDS is deductible on interest part , if loan is taken from financial institutions and paid on EMI basis for car, term loan for machinery.... (2) Similarly Is TDS is deductible on interest part , if loan is taken from *Government / Private Banks* and paid on EMI basis for car, term loan for machinery... Kind Regards




Nitesh kumar
17 November 2023 at 17:44

Double PAN

A person has 2 PAN and wants to surrender one what is process related to surrender of PAN


Seema
17 November 2023 at 16:16

Financial Statement of Education Trust

Hello can someone share financial statements for education trust linked to its trail balance or some automated power query sheet?


sundaresan
17 November 2023 at 12:26

How to treat the income

Sir, my client converted his agricultural land into residential plots and sold 20 plots and then the amount received he has constructed his own building, land converted on 29/06/202 and sold on 27/09/2022. House construction started in November,2022 and still at unfinished stage.
Can he claim long term capital gain exemptions


C R

We have purchased a flat in ahmedabad which had three owners( my wife, myself and my mother in this order).
My mother has agreed to remove her name voluntarily without any financial consideration.
Which process I follow to ensure that I avoid paying higher stamp duty and other charges ?
I was told that gift deed route will still attract stamp duty in Gujarat ( and the rate of which is around 3 to 4 %).
Not sure about the actual process.

Can I try relinquishment deed for my mother to give away her rights in the flat as co owner? Is such deed applicable only for ancestral property or it can be used for non- ancestral property ( as in my case) ?

Also - while executing any of the above , is mother's presence required for the process in ahmedabad ( she is a super senior citizen residing outside Gujarat and with restriction on her movements due to age related leg issues )
Please advice.


Pooja
17 November 2023 at 11:11

How to change to old tax regime

I am a salaried individual. my employer has deducted tax as per the new tax regime. I will file the return for the current financial year as per the old tax regime. how can i change to old tax regime in the middle of this financial year?


sunil hagawane
17 November 2023 at 10:57

Cash Flow format in excel with formula

Dear Sir/Madam,
Can any body please share Cash Flow & Fund Flow statement format in excel with formula etc. Thanking you !


SUNIL


Suresh S. Tejwani

HOW TO PAY SERVICE TAX PAYMENT FROM CBIC ONLINE MODE IF CHALLAN IS ALREADY GENERATED?
HOW TO MAKE PAYMENT FOR SUCH SERVICE TAX IN ONLINE ICEGATE SITE ?
IS THERE NECESSARY TO GENERATE MANDATE FORM FROM BANK FOR SUCH PAYMENT?