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Samkit Maniar |173 Answers |Ask -Follow

Tax Expert - Answered on Jul 13, 2024

CA Samkit Maniar has eight years of experience in income tax, mergers and acquisitions and estate planning.
He has graduated from Mumbai’s N M College of Commerce and Economics and has completed his CA from The Institute of Chartered Accountants of India."... more

Question by s on Jul 06, 2024Hindi

Money

Purchased a flat out of sales proceeds òf a house in 2021-22,but the flat got reggistered now only. To get capital gain benefits i had reported the amount of purchase and sale both . Now this years registry amount is reflecting in my in my ITAX.and i have to show in my ITR . HOW DO I DO IT.

Ans: You have already claimed the capital gains tax deduction right?

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

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Question by Aman - Jul 09, 2024Hindi

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Dear Sir, I had purchased a flat on a home loan in 2018. Last year I decided to sell the flat and as such, I received a booking advance of 4 lakh in March 2024. Further, the buyer settled the pending home loan (32 Lakh) through direct transaction to my loan account in March 2024. The registry for the flat was made in April 2024 and I received a final amount of 8 lakh upon registry (in April 2024). My doubt is- whether the transaction should be mentioned in the ITR of FY 2023-24 OR that of FY 2024-25...

Ans: At the outset, it seems that your house was sold in March 2024 considering majority of payment was made towards the same. Accordingly, it ought to be part of your FY 2023 - 24 ITR.

Please seek assistance from your CA before moving ahead.

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Question by ishvinder - Jul 17, 2024Hindi

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I sold my house in march 2024 and repurchased property in may 2024. How should i file the ITR? Should i claim the stampduty and registration expenses this year or next year?

Ans: If the amount is reinvested into a residential property before the date of filing the ITR then you will be eligible to claim deduction.

Please check whether such expenses can be claimed or not from your CA. If yes, you can claim it in this year's ITR itself. These expenses ought to be available but please double check it.

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Question by Jijabrao - Nov 12, 2023Hindi

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I am meber of EPFO, DEC 1995 TO MARCH 1999 , THEN BREAK & AGAIN JOIN TO EPFO FROM 8 FEB 2006 TILL TODAY, & I HAVE GOT UAN NUMBER FROM FEB 2006 BUT FROM DEC 95 TO MARCH 1999 , THERE WAS NO PROVISON FOR UAN NUMBER, THEN HOW CAN MY LAST SERVICE ADD WITH PRESNT UAN NUMBER

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I had been working since 1984 to 2019.but there was no EPF facility till I worked 1990. From 1991 to 2001, EPF was there but no details are available with me..Company is also closed...How I will get epf benefit from this company.From the service of 2001 to 2019, now co. is asking pf slips from the emplyees. Theh have the details frm 2009 to 2019.. Please advise how i wll get all these documents Now iam retired too

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Asked by Anonymous - Aug 14, 2024Hindi

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Sir, I had lost my Job during Covid Pandemic in the year 2020 and I had recently got all of my EPFO credited in my account for the last 10 years 6 months.. The EPF was being maintained by the Company's trust. I had asked the respective manager about my EPS(Pension) then he said that they only maintained the EPF amount and the EPS is maintained by the EPFO. Sir Can you tell me how can I access my EPS fund? Do I need any documents or prerequisites from the Company I last worked with or the company which maintained my EPF? Please provide me all the relevant information about my EPS amount and how can I withdraw it.

Ans: Since you worked for more then 10 years EPFO may not allow you to withdraw EPS. Depending on your age 50/58 you may be eligible to receive pension through EPS. Get the scheme certificate from your employer regarding EPS contributions. Have an active UAN linked to your Aadhar & Bank account so that you file claim for receiving EPS pension thru your assigned EPF office.

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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