List of Information which will be Reflected in AIS/TIS (From AY 2023-24 onwards)
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List of Information which will be Reflected in AIS/TIS (From AY 2023-24 onwards) WhatsApp Image 2023-02-27 at 23.18.39
Head Of Income
Why you should purchase Tax Saving Bond u/s 54EC before 31st March 2018?
Section 54EC is one of the most preferable sections for saving tax arising from transfer of any long term capital…
MISTAKES TO AVOID INCOME TAX NOTICES
Non reporting of Exempt income: One of the reasons for income tax notices is investment by taxpayers not in accordance…
Taxation of F & O transactions
Taxation of F & O transactions Query 1] I am trading in equities; both delivery as well as non delivery…
Merger, Demerger & Amalgamation- Tax implications on shareholder
Merger Demerger & Amalgamation Query 1] 1000 equity shares of face value of Rs. 10 in N.F.C Ltd were allotted…
Even small size firm are to get its accounts audited if income offered for taxation is less than 8%
taxation is less than 8% Query 1] We have 2 small Partnership Firms, one doing trading and other doing profession.…
Second house property: Income tax without actual income
Query 1] The first housing loan has taken by me in year 1994 and I am taking benefit in income…
Income tax is not always on real Income
Query 1] My nephew is working as a LIC agent for the last ten years In 2011 he has purchased…
Keep proper records & documents of expenses for claiming deduction
Query 1] We are in the process of selling one house, which is in my wife’s name. I have the…
New retail investors are eligible for tax benefit u/s 80CCG
Query 1] In case of salaried Govt. employee, for Income Tax exemptions in general, please advice: What are the options…
Tax implications on relinquishment deed amongst family members
Query 1] We are two real brothers and two real sisters. Our father owned a residential house in New Delhi…
Medical expense on cancer & tax deduction
Query 1] One of my relative is suffering from cancer and getting himself treated from a private hospital. I want…
Claim Tax Credit on Foreign Income of a Resident
Query 1] I have the following queries: I am going to teach a course in Telecom B-school, Paris. The honorarium, what…
Senior citizens are exempt from payment of advance tax
Query 1] I am a Senior Citizen, Tax Payer, having income from Central Civil Pension and Bank Interest (Savings and…
Investment in 5 years fixed deposits also offers tax benefit
Query 1] As per Income Tax provision, Fixed Deposits falls under section 80C- tax exemption or not? If not, what are…
Purchase of rural agricultural land below stamp duty value is not liable for notional taxation
Query 1] I am a senior citizen and having pension and bank interest as income to meet our needs which…
Pradhan Mantri Garib Kalyan Yojna- 2016: Last call to come clean
Query 1] One of my relative who was a teacher retired in the year 2013 from municipal corporation school. She…
