Mr X sold his residential plot in February 2019 and had earned Long term Capital gain of Rs.60 lakhs. He avoided paying Long Term Capital Gain Tax by reinvesting the entire amount of capital gain along with his own funds by buying a second-hand flat for Rs.78 lakhs in July 2019. In case he wants to sell the reinvested flat, what is the period upto which he should hold the said flat without attracting LTCGT?

Please advise me if there is any restriction if I deposit some amount
in the account of an NRI (my son/daughter) in their account in their
country of stay and the associated applicability of income tax.

Please advise me on the restrictions if any if I have to remit some
amount in the saving account in India of an NRI and applicability of tax.

My father expired in February 2017. I want to surrender his PAN.
I had not filed father return of AY 2017-18.
Can AO question about non filing of return ?

Sir
Paying the TDS on the interest paid to Non-Banking financial Institutions for purchase of trucks is must?

(1) if it is yes, is there any exemption for non-payment of tds?
(2) if there is no exemption, can we pay tds for the year 2019-20 in single payment now ?

Dear sir

can we claim ITC on Business Expenditure ???? like Inward services ????

Sir,

I have taken home loan in 2019 for construction of my own house for self occupied.
I have paid principal amount 28349 and interest 81791,total-110140.
Now in FY 2019-20 of Income tax can i claim both under 80C and sec24.or i have to claim after completion of my construction.
Please suggest.

Sir
For applying TAN Number for proprietorship firm, Can use the PAN of Proprietor (Individual) because No PAN Card is available for firm.


guide me please
thanks in adv

A client withdraws cash from his credit card and deposits this in his savings account. Uses this amount to meet personal expenses and also credit cards payments.

How to report this transaction in income tax returns? Will the deposit in savings account be taxed?

Can ca in practice do commission agent business (commission based on number of products sold) by obtaining special permission