Hi,

I need your help in understanding correct calculation of LTCG , for below mention example:

LTCapital Loss = Rs. 10,000/- & LT Capital Gain = 5,000/-

my question is :

(1) Will the LT Capital Gain will be deducted from Loss i.e (10,000 - 5,000) = 5,000/- loss will be carried forward???
OR
(2) Will LT Capital Gain 5,000/- will be shown as exempt income & Lt Capital loss of Rs. 10,000/- will be carried forward ???


plz help which is correct way to show in income tax returns


Thanks,

While filling up the various field in the Form10IF for Cooperative Housing society , the date of Incorporation field remains blank / autofilled with wrong data.
And also it is not accepting manual entry/editing.
I have written to the department but no guidance so far.The due date of filing the ITR-5 is approaching fast.Without filing Form 10 IF online the ITR can not be filed.
Can any one guide as to whether it is a problem with others too or some problem with my software.
A quick guidance is requested.
Read more at: https://www.caclubindia.com/forum/auto-fill-of-form-10-if-on-income-tax-portal-587366.asp

sir
i have resigned my job from private company in june 2020 and got gratuity 432000/- and leave encashment 350000/- and aslo joined the another company in july 2021 and continuing my job there . so please tell me can i get the exemption of gratuity and leave in cashment
because i have aslo the salary income for the full year

A 26Q Correction statement (Q2 2021-22) got rejected with the error msg being displayed as : "1. Deductee detail verification keys for correction do not match with that of original
". How to Fix this issue ?

I'm running primary school and I wish to get the loan from bank on school name but banker tell me get the pan card on school name .... How to get and where to register school name how to apply pan card for school name
Please help me

Sir,
One of the professional income it returns filed person
1.depreciation claim value rs:10 lacs large value net income loss show in books
2.fees collections from patients some amount cash mode and balance amount online bank mode (Google pay and phone pay and paytam modes) received .
Question:
1.assessee depreciation claim large amount net income loss filed or fees income increased for f.y.21-22.
2.fees collections from patients cash and bank mode entry passed procedure in books.

Can I Claim GST Input on repairs and maintenance of Building, But Repairs and maintenance not CAPITALIZED,

Hi,

What is last date for filing revised return for FY 2019-20 AY 2020-21

Goods purchased GST Rate is 18% but Goods sold GST rate is 12% , can i claim GST Input at 18% or will may arise any problem to claim GST Input.

If society makes deposits in co operative bank then interest income is claimed as deduction us 80P(2)(d); but as per section 80P(2)(d) if deposit made in co operative society then only deduction available.
Whether co opearative bank is considered as society for section 80P ???