ITR filed for AY 2022-23 with taxable income below 2.50, but demand received 1,000/- as Late fee . What should I do ?
downloaded aoa after newly incorporating pvt ltd -->
normal pvt ltd table a --> aoa doesnt have subscriber page? just ca's digial sign is there. is it right?
Is such Trust liable for filing Income Tax return. It does not have any TDS refund claim? Its income is exempt from Income tax.
Are there any circulars/ press release/instructions from CBDT, please provide.
when residential property purchased by proprietor and Municipal tax paid by proprietor before residing , whether Municipal taxes paid should be capitalized.
Land was jointly owned by me & my spouse , which was purchased in 2015 & sold recently in Dec 2022 with long term capital gain.My spouse has already a owning a flat in one city. Now we want to purchase a flat another city on joint name.
My queries :
1) Do we need to deposit capital gain account scheme in bank on or before 31st March 2023 or not ?
2) At present amount is in saving bank accounts only.
3) can we purchase flat/ house in FY 2023-24 without depositing amount in Capital gain scheme account ?
4) whether my spouse shall be eligible for Capital gain tax exemption under Sec. 54.?
5) we need to purchase House/ flat only from capital gain amount or we can invest in another land ?
6) any other suggestion from experts
Experts are requested please guide us
I AS A TRAVEL AGENT BOOKING A INTERNATIONAL HOTEL FOR A CLIENT ON WORLD WIDE ANY PORTAL DO I HAVE TO CHARGE TCS TO THE CUSTOMER
i have received a notice as i have not filed itr in 2015, my ques is i sold the property in which cap gain arises i was the sole owner, for cap gain exemption i purchased the property in joint ownership.
my ques is will i get half cap gain exemption as my second purchase was joint ownership, or i can claim full cap gain exemption
second will they consider my point of cap gain?? can they say u have not filed the itr so it will be considered as nothing has been done from your part and pay full tax on property sold....as i have not filed the itr,
third what can be the penelty for non filing of itr.
thnx
My friend has received an whatsapp message from Income Tax Dept stating that certain high value information does not appear to be in line with the ITR filed for FY 2021-22. Under e-campaign list on compliance portal it shows high value transaction, status partially submitted.
She had not shown bank interest in her ITR for FY 2021-22. Now she has to pay additional tax along with interest & she needs to file updated return u/s.139(8A) for FY 2021-22. My query is while making payment of additional tax with interest what should she select as nature of payment. Whether she should select Self assessment tax OR Tax on tax on regular assessment.
I wish to know the implications on capital gain on property sold
after 01 Apr 2023 in FY 2023-24 as per the new rules announced
in the budget for the FY 2023-24 . Thanks
I'm in need of deed for apartment AOP. I have to apply for its PAN. Can you send me the format of the same. i will be very thankful to you for the same Please share for the email address : devarajun2019@gmail.com
Late Fine 1000/- Demand