D
Daman Gill
Can one switch to filing ITR2 if there are no FnO trades for the year? I have been filing ITR3 for the past 3 years as I had some FnO income.
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Yes you can switch to different ITR according to sources of income for a particular financial year .
CA Puja Sharma 5 Jan 2021Yes.
CA Naman Maloo 10 Jan 2021Yes
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Jayanta Bhattacharya
We have sold our old house and I have been reported for SFT in this year's (i.e. FY 2019-20) Form 24AS. Also I have made a few payments towards purchasing a new Flat which started in 2018 and will complete in 2021.
Under these circumstances, in which year's (this year or next year) ITR should I inform about the selling and purchasing?
I have been reported for SFT in this year's Form 24AS. Can I mention the payment received in next year's ITR? Will 1 year be allowed by CBDT?
You need to report sale in three year in which you have transferred possession and registered sale deed.
You can book consultation at: https://www.taxontips.com/tax-notice-personal-consultation/
Please connect on +91 9830375894/ canavinjain1@gmail.com
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Syed
Sir I'm using 3 credit cards a limit of 3lakhs and spending it every month for my business. I swipe card to purchase goods from departmental store. I'm earning a margin of 5 percent.what is the percentage of tax I should pay to government. All my customers make payment through cash.
Tax will depend upon the net income you earn. Please connect on 7045760379 on Monday for further discussion
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Faiz
If any one have paid rent to two landlords of amounts below Rs. 1 lakh each (for eg. Rs.1.8 lakh in total). Do I still need to submit the PAN details of both my landlords to my employer for claiming the HRA exemption?
V
Vipul
