Sunita
12 July 2023 at 12:25

Power of Attorney for father

My father is bedridden and cannot communicate nor travel. Can I make a power of Attorney in my mother's name to give the flat owned by him on rent? what is the procedure for the same?


Krishna Prasanna

I have received a message from a client that the "Transaction of Rs.12,610 against CRN xxxxxx is on hold since there is no response from the bank. You cannot initiate another transaction against this CRN for the time being. If the amount is debited from your account kindly check with your bank."
I have raised challan twice and deleted the first challan as the client could not be able to assist in making the payment. The second challan was done successfully. Please guide me what to do as he is asking about this status.


ravi yadav

The error prompt is Business code u/s 44ADA is to be selected for income declared u/s 44ADA. What could be the reason? I am getting this error no matter what code I select. Please advise.


Harjeet

For the case of Joint bank account held by spouses, wwhere should the interest income from savings account and term deposit be reflected.

Should the interest income be attributed to the Primary account holder?
What if the Term deposit was created from amount contributed any joint account holder and not the primary account holder for spouses case?

1. Some sites say it should be shown in Primary account holder ITR filing as clubbed incomes
2. Or it should be equally divided.
3. Or should it be shown in joint holder's ITR filing

In case of either option 2 or 3 above, as it is showing in AIS of the primary accont holder, how should this be reconciled while filing ITR return


Anoop Agarwal

Dear Sirs,
I have query regarding sale of my ancestral house. My father brought house (RCC constructed) in 1989 and I sold it as a plot in year 2022 after demolishing the house. Size of plot was 1500 sq ft. Sale value was calculated as per local guideline value (government rate/SFT) of plot because buyer has purchased plot.

FMV as per registrar guideline in April 2001 for plot was Rs. 450/SFT and RCC house was Rs. 750/sft.

How capital gain with indexation will be calculated i.e. considering plot guideline of 2001 or house guideline. Do I need to consider house value somewhere in this calculation.

Also do i need any certificate from govt. authorized surveyor for FMV of 2001, I got the value mentioned above through PDF file online that was published to help tax practitioners in 2001 time
Please help
Thanks in advance


Sudipta Das

My company was incorporated in f.y 2021-22. The statutory auditor who filed ROC returns last year is not responsive. Please guide me can I change the auditor without resignation of last auditor. ??


Suraj
11 July 2023 at 21:08

Co-ownership & DLOP

Dear Sir / Madam,
My query is as follows:

Ms A is co-owner with her mother in Flat No. 1 & Flat no.3 on 50:50 basis each.
She is also a co-owner with her Grand mother in Flat No.2 & Flat No.4 on 50:50 basis each.

All flats are vacant. Hence For Ms A, there are in all 4 properties whereas her mother and her Grandmother have 2 properties each on co-ownership basis with Ms A.

So my question is: since all flats are vacant, for her mother & her grandmother, 2 flats will be treated as SOP.

But For Ms A, 2 flats will be SOP & 2 flats will DLOP.

So how to show rent of DLOP flats in the returns of Ms A, her mother & her grandmother ? because suppose rent is Rs. 10000/- pm each for 2 flats then for her share it will be 5000/- pm for each flat. But those flats would be SOPs for her Mother & Grand-mother.
Then are we supposed to show rent in the return of Ms A only and SOPs in other two cases? Bit confused....

Kindly guide me.

Regards,
Suraj


Sudipta Das

Is UTI Fixed Term Income Fund Series XXXI - V (1174 Days) a Debt fund ?? Is it to be shown under other assets in ITR 2 for its sale ??


rakesh
11 July 2023 at 19:20

Revalidation of intermediate course

I have cleared my group 1 in PCC intermediate course and got converted in to IPCC and my registration got lapsed on 19-7-2021. Now i want to continue my intermediate to clear my left over subjects. i have completed my articleship under PCC scheme and computer course also.
please guide me how can i revalidate my registration.

Thank you


RAI DE
11 July 2023 at 19:10

Online return filling of ITR3

"In Schedule VIA, deduction u/s 80U for self with severe disability cannot be more than the maximum limit of Rs.1,25,000"
After filling ITR3 online , above message appeared 10 times .What to do?





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