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Question & Answer


A

Anand Ratna Maurya

18 Feb 2022

I have form 16 AY 2022-2023 , when i can file ITR to claim TDS?

Replies (3)                          

CA Puja Sharma       18 Feb 2022

The ITR can only be filed after May 2022 because 31st May 2022 is the due date for filing of TDS return for Q4 of FY 2021-22. As mentioned above, you will be claiming TDS credit in the return so you have to wait till the 1st week of June 2022 to claim the benefit of the TDS deduction.
Fo any assistance in ITR filing you can connect with us at ca.pujasharma@outlook.com

CA Roomi Gupta       18 Feb 2022

To claim the TDS refund, just entry in form 16 is not enough , TDS deducted must be reflected in Form 26AS . So it is suggested to check your Form 26AS and for the Qtr ending on 31st Mar 2022, you need to wait till the TDS return filed by employer and TDS reflected in form 26AS. Due date to file ITR for the AY 2022-23 is 31st July 2022. For more info reach us @ www.tarunguptaca.com .

CA Deepika Boyina       19 Feb 2022

After 1st April 2022

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S

Sk

17 Feb 2022

In India Can a basic partnership firm with 2 partners employ other people on their payroll and issue salary slips ?

Replies (2)                          

CA Puja Sharma       18 Feb 2022

Yes, a Partnership Firm can employ people and issue salary slips. In India, 2 or more people can together form a Partnership Firm based on a Partnership deed.

CA Deepika Boyina       19 Feb 2022

Yes

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S

Suguna Rajen

15 Feb 2022

What are the tax exemption ways for NRO against income earned from sale of hereditary property in india

No Reply  


A

Arvindh Badrinarayanan

15 Feb 2022

My question is on LTCG on sale of house in Tamilnadu. Plot purchased in 1986, building constructed in 1987. GLV of 1986 is 15600/-. A 1600 sqft approved building constructed.
I am selling the same now for 1.1 crore.
What amount of LTCG is to be reinvested under section 54 to claim tax exemption.

I need your advise on calculating the indexation cost of purchase.

Secondly ,can I reuse section 54 by purchasing only ONE residential unit { TWO units applicable only once in lifetime } for the next financial year as I will be receiving LTCG on another residential property going to be sold in four months.

No Reply  


N

Nupur

11 Feb 2022

Hello, i want to understand and want to know answer about Capital Money in a business partnership firm. Please contact me for details. thanks

Replies (2)                          

CA Rahul Dwivedi       12 Feb 2022

Dear Napur,
Capital is basically the money transferred/brought in by the partner in the business. For detailed you can get in touch with us on ca.rahuldwivedi@gmail.com or 9004485377

CA Puja Sharma       18 Feb 2022

You can connect with us at ca.pujasharma@outlook.com for a detailed discussion.

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