hiren

Hi,

My father has sold agriculture land in rural area. there is no other income.

1. Which ITR is to be filed?
2. whether it is required to show in ITR?
3. Whether i have to show this sales proceeds ITR?
4. Which document is required as a proof as land is in rural agriculture land?
5. How to prove the distant to fulfill condition of Rural agriculture land.


PARAS CHHAJEDpro badge online
28 July 2024 at 19:23

BANK ACCOUNT VALIDATION

A bank account is prevalidated on ITD website. It shows "Restricted Refund". what does this mean? Is the amount of refund restricted to some upper limit or is there any other implicatoin. Please guide. Thanks


T.N.Reddy

Sir, One of my client, as he has got some good discount offer to buy the car and as he was pressurized by the banker to take the delivery of the car by so and so date, though he has not having money in the bank at that time, due to good offer, he has gathered the amount in cash from his friends circle and deposited the same in to his bank account and completed the car deal and that of Rs. 15,00,000 cash deposits are reported in the ATS/AIS/TIS accordingly. He is only a salaried employee and all of his salary entries in the bank are in electronic mode.
Now the issue is, I can not show as advance/loan received in cash from friends? so any solution to come over this cash deposits issue sir


Kalpesh

I have given 10 lakhs to my party as unsecured loan. Since the last 3 years, he is deducting TDS on the interest amount and paying it to the govt, and he is adding the interest amount to the principal amount.
Now for the current financial year, he has still not paid the TDS amount to the govt.
How do I file my ITR now ?
Should I add the interest amount to my income, and when should I claim the TDS amount in my ITR ?
Please guide. It is urgent as only 2 days left for filing ITR.


Dipak Gulhane

I have filled ITR for AY-24-24 without claiming EQUITY AND F&O LOSSES in orginal ITR before due date in the absence of information. Can I claim such losses into Revised ITR after due date?


Janki
28 July 2024 at 15:11

BuyBack of Shares - STCG

Hello,

I have profit on the buyback of shares by the company and It is a short-term gain.

The details as per Demat A/c:
Buy value: 8 qty x 362.9 price=2,903.2
Sale value: 8 qty x 445 price = 3,560
Realized buyback p&L = 656.8

And details as per AIS:
Sale value: 10qty x 445 =4,450
Cost of acquisition: 3,629
FMV:3,046.50

My question is what amount is included in STCG ?? The AIS and demat a/c show different figures what should I do?


V Srinivasan

My mother has to file the return on behalf of my late father. Can I have a format for an indemnity bond to register as the Representative.

Many thanks


Suresh S. Tejwani

If mandli does not have pan number and auditor have to certify the books of account of mandli then under which type and act has to be furnish while generating UDIN??


T.N.Reddy
28 July 2024 at 13:11

Speculative business - meaning

Sir, what are all the transactions from the below list, are amounted to speculative business transactions:
1.F & O
2.Shares and Securities intra day transactions


vijay
28 July 2024 at 12:20

Income from offerings by pastor

Dear sir,
A pastor/priest who receives his income through offerings from various people would like to file his ITR. Please suggest should he file his ITR under 44AD or 44ADA without maintaining books of accounts.

Is Pastor considered as a professional?