Taxguru

If in the F.Y. 2021-22 purchase value is Rs.30 lacs and Current FY.2022-23 purchase value is 35 lacs then the TDS Provisions u/s 194Q is applicable or not.

Mar 06, 2024

By: yramesh2007

Answers: 0

I have filed my ITR and e-verified. Immediately, I received the notice u/s 139 (9). There was TDS of Rs 46,128 on maturity of my LIC single premium policy with maturity amount Rs 1422550 against policy amount Rs 500000 and gain Rs 922550 and TDS of Rs 46128. While filing online, I have missed out the credit part and have completed the process with tax refund of Rs 46128. So, I have received the notice. Can I file afresh or I have to necessarily reply to the notice?

Jul 19, 2023

By: asgopal12

Answers: 0

We are exempted from Tax.We have gst registration in several states .We are expected so we are reverase all ITC. But material transfer from one state to another state tax bill prepared. We have to pay two times ITC for single material. Please advice tax guru

May 04, 2023

By: mukeshnataraj92

Answers: 0

I have tofiled a updated return of 300,000as it's it is ist time return I want to show 275000 as a business income and 25000 as a salary in come but when return is filed it only pick 25000 only 25000 income is shown in return and 1000 is paid as a late deducted and there is no tax upto 250000 income so what we should do either our money will be refunded or it will file income as 300000 tell what is the solution

Jul 30, 2022

By: ektapapreja123

Answers: 0

I bought a residential plot in June 2008 for amount approx 5 lacs and I gifted this to my wife in August 2021 and we want to sell this for amount 30 lacs now so my query is because my wife holding ownership of this plot less than 24 month. Is this a short term gain or is this a long term gain and calculated indexation from June 2008.please reply ASAP.

Jul 24, 2022

By: capuneet07

Answers: 0