MR A ALREADY RECIVED LOAN FROM MR Y ON DATED 15-4-2023 BY NEFT AMOUNT OF RS 150000 AND MR A WANTS A NEW LOAN FROM MR Y BY NEFT

CAN HE ACCEPT NEW LOAN FROM MR Y BY NEFT

Is my below understanding correct, when partial deposit in Capital gain account w.r.t 54F is done?

Total sale price of plot = Rs.25 Lakhs
Purchase price after indexation = Rs.10 Lakhs
Capital gain = 15 Lakhs
Amount deposited in Capital gain deposit account = 20 Lakhs (Instead of 25 Lakhs).

1. Amount subject to capital gain in current year = (15*5/25)Lakhs = Rs. 3 Lakhs.
2. After 3 years, if an amount of Rs.20 Lakhs in Capital gain deposit account is unutilized, then capital gain will be 12 Lakhs (i.e. 15 - 3 = 12)?
3. After 3 years, if an amount of Rs.10 Lakhs in Capital gain deposit account is unutilized, then the capital gain will be 6 Lakhs (i.e. 12 * 10 /20)?

Please let me know, if my understanding correct for the above scenarios 1, 2 and 3?

How much % TDS applicable on JCB work, Blade Tractor, Tandem Roller, Tractor for leveling playground in campus.

Hello,

I have availed the service for registration of Statutory like PF, PT, ESIC and MLWF.

The vendor has charged us 20k for that service.

So should I deduct TDS while making this payments.

WHETHER ASSESSEE HAS ANY LIABILITY OF PAYING ADVANCE PAYMNENT OF DEMAND BEFORE FILING APPEAL IN TRIBUNAL?
IF SUCH THEN HOW TO MAKE SUCH ADVANCE PAYMENT WHETHER VIA ONLINE MODE OR PHYSICALLY?

I have filled return on 31 july and verified return 31 july filled original return with old tax system Can i revised return with new tax system i am salaried person what is rule?

Dear Experts,
1 A company pays Rs 45,0000.00 to the service provider after deducting the TDS u/s 194C
2 After the certain period, the same service provider provides the service for the amount of Rs 20,000.00
3 Upto this second time service provided by him, the total trasaction value does not cross Rs 1,00,000.00
4 The query
Whether the company needs to deduct the TDS on this second time payment.
Since upto this second time payment, it does not cross the limit of Rs 1,00,000.00
Or once the TDS attracts, it needs to be followed in subsequent transactions.

I sold my property on 17-April-2023.
Am I eligible to buy 54EC bonds now to claim capital gains exemption? i.e after 180 days but within 6 calendar months i.e within 31-October-2023.

Further to above question, if I am eligible for exemption, even if I purchase the REC 54EC bonds now (after 180 days but before 31-Oct-2023), will IT department automatically accept it or I need to fight for it as the purchase of bonds is after 180 days but within 6 calendar months. Will Income tax department send notice since the investment in 54EC bonds is after 180 days?

Here 6 months statement w.r.t 54EC bonds leads to ambiguity and it is not clear.
Please help with more accurate information for above 2 questions.

I've a couple of queries around LTCG u/s 54F.

1. Can I keep non-LTCG funds as well in capital gain accounts? I want to do this so that the corpus to buy a home stays in one place.
2. My mother wants to transfer me shares w/o consideration as a gift so that I can buy a home.
2.a. Will LTCG be exempted when I sell these shares?
2.b. Should I expect any notices if I try to seek LTCG u/s 54F in this case?
2.c. Can I be denied the LTCG exemption because of any reason in the above mentioned case?
4. Do I need to get any clearance from assessing officer when I close my capital gain account? If so, how to get it done?

Hi,
My AY23-24 refund is kept on hold with the message - "Refund kept on hold,Intimation u/s 245 is issued proposing adjustment of refund towards outstanding demand.
Sep 6, 2023". I checked the Outstanding Demand section and can see an action pending. How can I verify whether the demand is correct or not? Also, the demand is for AY 2021, so why is it being levied now given I had cleared my ITR in previous years? Is the simplest way to get the current year's refund to accept the demand and proceed? But then how will it guarantee that whenever someone files an ITR it is correct, and I can receive an outstanding even after 50 years?