Hi
Client had a business (F&O) loss in AY 2022-23 and carried forward that loss and had filed under old regime. However in AY 2023-24 he does not have any business income only business (F&O) loss of previous year and salary for this year.
The new regime is beneficial in AY 2023-24, do we need to file form 10IE if there is the following income
1. Salary
2. Capital Gain (Shares)
3. F&O loss to be carried forward from last year

Hey , Can anyone help me in this query, A proprietor sold Jeep on 28th Feb ,2023 for Rs. 85000/- WDV value as on 1st April,2022- Rs. 114120/- (Jeep is only used for business). Pls tell me the accounting treatment of sale & depreciation and how to give effect under income tax. Its Urgent...

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Are there any implications of the same?

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Dear Experts
Good Morning.

In the FY 22-23, I had approximately 89 lakhs profit including intraday/short-long term gains.

In this same year I bought a flat for approximately 77 lakhs (inclusive of all regn and service charges etc.) and in addition I spent around 4 lakhs for furniture etc. - a total 81 lakhs spent.

Whether I could adjust the above 89 lakh profit gains to the flat purchase/furniture amount of 81 lakhs - to avail the tax adjustments.

Tour response will be highly appreciated and surely helpful to me.
Thanks with regards

GK

Sir,

In payslip LTA provided by employer can I claim it on IT?

Exmpl : Ram got LTA in payslip Rs. 3000/- (Per month) and he travelled kolkata to mumbai by flight Rs. 19000/-( Economy class) Can he claim the amount in IT return ? can he claim every year LTA in IT Return?

Respected Experts,

I am a Practicing Tax Consultant. I would like to know, after completion of ITR Filings of my clients ( Non Tax Audit) I'm in a Plan to issue a ' Internal Audit Report' to my clients ( In addition to the P&L and BS)

The Internal Audit Report will Highlight the Observations and Analytics I came through while Assessing the Books of Accounts and preparing the Financials and after Filing of Income Tax.( Non Tax Audit Cases )

I believe it will help the Small Traders ( Non Tax Audit) and Clients to understand where they stands, what they achieved and to know more where to improve their Business.

Kindly advise am I authorized to issue an Internal Audit Report