i have received a notice as i have not filed itr in 2015, my ques is i sold the property in which cap gain arises i was the sole owner, for cap gain exemption i purchased the property in joint ownership.
my ques is will i get half cap gain exemption as my second purchase was joint ownership, or i can claim full cap gain exemption
second will they consider my point of cap gain?? can they say u have not filed the itr so it will be considered as nothing has been done from your part and pay full tax on property sold....as i have not filed the itr,
third what can be the penelty for non filing of itr.
thnx

My friend has received an whatsapp message from Income Tax Dept stating that certain high value information does not appear to be in line with the ITR filed for FY 2021-22. Under e-campaign list on compliance portal it shows high value transaction, status partially submitted.
She had not shown bank interest in her ITR for FY 2021-22. Now she has to pay additional tax along with interest & she needs to file updated return u/s.139(8A) for FY 2021-22. My query is while making payment of additional tax with interest what should she select as nature of payment. Whether she should select Self assessment tax OR Tax on tax on regular assessment.

I wish to know the implications on capital gain on property sold
after 01 Apr 2023 in FY 2023-24 as per the new rules announced
in the budget for the FY 2023-24 . Thanks

I'm in need of deed for apartment AOP. I have to apply for its PAN. Can you send me the format of the same. i will be very thankful to you for the same Please share for the email address : devarajun2019@gmail.com

How loss to a company can be shown in asset side of balance sheet?
What is the logic behind showing showing fictious assets?

i am creating a AOP. It will remain unregistered. I have prepared MOA & By Laws of the same. I have to apply for its PAN. Can you send me the format of the same. i will be very thankful to you for the same

Please share for the email address : devarajun2019@gmail.com

Read more at: https://www.caclubindia.com/experts/aop-deed-format-for-applying-pan-286760.asp

Hi members,
A query on GSt on Under construction. Flat which is being sold by the Land owner, during the Building is in Under-construction status and approved by Rera.
Query is How does the land owner pay gst. If yes, then how much gst needs to be filled. ??

Sir,
It assessess maintained a private hospital including pharmacy store
Question:
Assessess cash mode receipts and digital mode receipts (Google pay and paytam and phone pay) limit per day from one patient for hospital and pharmacy store in it act.

Hi Dear all,
If someone says that he has invested 15 lacs in virtual property and earned a return of 5 lacs in 6months. Is anyone aware what is the investment in virtual plots and is there any GST applicable on it and is ITC available to set off the GST paid on purchase of such plots.

Thanks
PC Joshi

Sir, I have already filed ITR for FY 2021-22, but missed to file ITR for FY 2020-21 due to some unavoidable reasons. My queries are :
1) May I file ITR U for FY 2020-21 now ?
2) May I claim refund in ITR U ?
3) May I file the ITR U if I am ready to pay required tax/penalty and waive the refund ?

The filing of ITR is required by me for availing bank loan sir .