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Akanksha Sharma
04 April 2023 at 22:23

Loan from shareholder u/s 73?

A loan from shareholder of a Private Limited company will be considered as deposit u/s 73?

In view of Ministry of Corporate Affairs vide Notification No. G.S.R.. 583(E) dated 13th June, 2017, Only clauses (a) to (e) of sec 73(2) are exempt.

Does it need to pass SR?
what are the other compliances?
Can't such deposit be repayable on demand or upon receiving a notice within a period of less than six months? Its a short term funding/ convertible into RPS upon notice.

Pl revert asap.
Thanks.


Anand
04 April 2023 at 20:03

Pre-construction period interest

Hello

My house is ready for delivery. I have taken a home loan for the construction. The apartment complex took 7-8 years to reach completion stage, primarily due to COVID related lockdowns. I have been paying pre-construction interest all these years.

Can I claim this pre-construction period interest in total over the next 5 years? Or am I only eligible to claim Rs. 30K per year for 5 years.

The delay is purely force majeure.

Please help..


machirajhu balnagu

shall I claim Exemption u/s54 in a residential property in USA instead of india.Please enlite


omkar vanjare

I had lost my traces login & password as well as last return filling TDS return data because of backup issues. So, I had meet to my TAN officer for requesting them to provide Data for requesting justification report and Conso file of last TDS return. I also told that if they provide Conso file of last return so I can easily get my user id & password and process file future returns So officer require following documents for verification:
1) Indemnity Bond from Company
(with if any loss or misuses transaction of other party then company bearer)
2) Affidavit
(for which purpose and relation with company is genuine)

Can anyone provide me format of the same? Required on urgent basis.


RAMANA MURTHY N.V.
04 April 2023 at 16:37

Tds on purchase of Fish tanks

if purchase of agricultural land which is converted into Fish tanks, it is neccesary to deduct 1% tds u/s.194IA


vaibhav chadha

Sir,

If mentally retarded has rental income . He has pan card also. Can he file income tax return and his income will not be clubbed with his legal representative. Means, his income will treated separately and taxed separately on mentally retarded person.

Please confirm

Thanks


RAMESH BALIRAM LUTE
04 April 2023 at 12:50

Income Source in the name of Spouse

Dear Sir,
I have Retired from Bank Service . My Income Source are Monthly Pension Rs. 50000/- , Capital Gain from Equity Market every year it is near about 2 Lakh to 5 lakh. Interest income from Fixed Deposit near about 3lakh. Also received Honorarium Amount ( Bank offer some services after Retirement) near about 2 lakh every year. All these income I have shown in Income Tax Return ITR -2. I wish some Fixed Deposit amount say 10 to 20 lakh in my Wife's Name, so that Interest Income will be in her name, as She is Housewife. How to show Income Source , amount received from me, whether in the form of Gift Deed or any other manner, so that my own tax liability get reduced.


Surinder

Dear Sir

We have deposit Security to electricity department for electricity meter. Please suggest is this Non Current assets or Current Assets


Venkateshwarlu Pulluri

Good evening sir/s,
Actually client doesn't aware about other PAN, how to know the other PAN details, and how to represent Income tax authorities,


Daya

whether Interest received is tax free or Taxable .
Please reply