Report Wire

Tag: cg

  • How are bond investments reported in ITR?

    In FY 2022-23, I supplied a flat and invested a taxable portion after indexation in bonds of Rural Electrification Corporation Ltd (REC) for a interval of 5 years. How do I current this bond funding in my earnings tax return (ITR)?

    – Dilip Saksena

    It is assumed that you have supplied a flat which was held for a interval exceeding 24 months and due to this fact the helpful properties from the an identical would qualify as long-term capital helpful properties (LTCG). Further, it is assumed that you have already invested such LTCG in REC bonds, as specified by Section 54EC of the Income-tax Act, 1961 and all the alternative prescribed conditions (to avail the benefit of exemption) have been fulfilled.

    An explicit individual taxpayer having earnings beneath the capital helpful properties and by no means having earnings beneath the head ‘Profits or Gains from Business or Profession’ (PGBP), is required to file tax return in Form 2.

    For the goal of your query, it is assumed that you simply simply should not have any earnings beneath PGBP.

    The Income-tax Department has already notified Form ITR 2 for the fiscal yr 2023 (i.e., analysis yr 2023-24). In the acknowledged variety, LTCG might be required to be reported beneath associated schedules as below:

    Schedule CG: Capital Gains:

    Part-B, serial no. 1: This half covers reporting of LTCG from sale of land and / or setting up. Details regarding the date of sale and purchase, sale consideration, stamp value, exact and listed worth of acquisition, worth of enchancment, change payments, exemption claimed beneath half 54/54B/54EC/54F/54GB of the Act, and so forth. are required to be reported beneath respective fields.

    Part-D, serial no. 1: This half covers reporting of any deduction claimed beneath half 54/54B/54EC/54F/54GB of the Act. Details of exemption claimed beneath half 54EC is required to be reported beneath merchandise amount ‘c’, which contains reporting of date of change, date of investments in bonds and amount of funding, and so forth.

    Part F: In case after claiming eligible exemptions, if there could also be any taxable amount of LTCG, the small print about accrual/receipt of such capital obtain might be required to be reported beneath Part F, serial no. 6.

    Schedule Tax Payments:

    In case tax has been deducted at provide from the sale consideration by the consumer of the property, then relevant reporting of such TDS might be required to be carried out in serial no. C1 of the tax payment schedule. Details of such amount shall be accessible in Form 26AS / Form 16B, as issued by the consumer.

    In addition to the above, the funding in bonds might be required to be reported beneath Schedule AL – Assets and Liabilities, if related.

    Parizad Sirwalla is companion and head, world mobility firms, tax, KPMG in India.

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  • 8-member committee appointed for advertisement rules of web news portals in Chhattisgarh

    The state government has constituted an 8-member committee in relation to advertising to news portals, who will decide on what basis the advertisement should be given to the news website and web portal. This decision has been taken under paragraph 31 of the Advertising Rules 2019. The members of the committee will give suggestions regarding amendments, deliberations and changes in the advertisement to the government. For this, a month’s time has been given to the committee.
    The government can tighten the rules of advertising.

  • CG CONGRESS: Congress government bought more paddy from more farmers and paid more than BJP

    Exposing the lies of BJP on paddy procurement, State Congress General Secretary and President of Communications Department Shailesh Nitin Trivedi has said that BJP is constantly resorting to lies on paddy procurement. The Congress, which has done concrete work in the interest of farmers, is making false propaganda against the government every day. The BJP has forgotten what the BJP government did with the farmers. After losing the 2018 assembly elections, the BJP leaders have lost their memory. BJP has not bought as much paddy of farmers as it did not buy paddy and has not paid as much price as Congress government, Chief Minister Bhupesh Baghel ji’s government has bought more paddy than that, it is buying more paddy of farmers and paying more than that. . The Congress had promised in the 2018 assembly elections that it would waive farmers’ debt. 11000 crore loan waiver. Congress had said that Rs 2500 Will pay for paddy 80.38 lakh tonnes of farmers Rs. 2500 in 2018-19. 20095 crore at the rate of Rs. Purchased by giving Debt waiver by the Congress government and the cost of paddy to farmers is Rs 2500. Due to giving, the farmers of Chhattisgarh received more than 25095 crore rupees, the opposing BJP was stunned by this and the central government of BJP wrote a letter to the state government for Rs 2500. I refused to buy paddy. Another reason for the BJP’s trouble is the Congress government’s effective curbing of coaches and middlemen who harm the treasury by smuggling paddy, preserving the interest of farmers.
    Shailesh Nitin Trivedi, the state Congress general secretary and chairman of the communications department, has said that the BJP government never even bought 80 lakh tonnes of paddy, but in the last year 2018-19, Bhupesh Baghel ji’s government has given more than 2500 million paddy worth Rs 2500. Bought into This year too, we have registered 19 lakh 52 thousand farmers instead of 15 lakh 71 thousand and more than 80 lakh tonnes of paddy has been purchased by the Congress government. This year, the Congress government has broken its own record of last year in paddy procurement. 2500 to farmers Congress has done the work of paying the price of paddy. While the Bharatiya Janata Party had said in the 2013 manifesto that Rs 2100. Will give support price, Rs 300 Bonus Rs 2100 The price of paddy was never found in the BJP government. Rs 300 Bonus not given 5 years. The matter of agitation by farmers and BJP in this matter is democracy, they have the right to agitate. The BJP has only cheated the farmers. BJP is pretending to be farmer friendly and sheds crocodile tears for farmers. The farmers of Chhattisgarh know and understand this anti-farmer character of the BJP.
    Shailesh Nitin Trivedi, the state Congress general secretary and chairman of the Department of Communications, has said that the BJP government, which has never bought as much paddy in 15 years as the paddy government has bought last year and this year too. The BJP had said in the 2013 manifesto that Rs 2100. Will give support price, not given. The BJP had said that for 5 years Rs 300. Bonus will be given, not given. BJP had said that each grain will buy paddy, not bought. The BJP had said that it would give free power to 5 horsepower pumps, did not give it. The BJP had said that Swaminathan would implement the recommendations of the committee, adding one and a half times the cost of the crop to the farmers, not given. The BJP had said that it will double the income of the farmers by 2022, so far nothing has been done to increase the income of the farmers.

    Congress counterattack on statements by BJP leaders on paddy purchase

    While releasing the data of paddy procurement in 15 years, the BJP government, State Congress General Secretary and President of Communications Department, Shailesh Nitin Trivedi has said that the Raman Singh government of BJP has purchased only 50 lakh tonnes of paddy per year. 2500 to buy more than 80 lakh tonnes of paddy. With what mouths are the BJP leaders speaking out against the Bhupesh Baghel government of Congress, which bought in support price? The agitation for the paddy purchase announced by senior BJP leader former minister Ajay Chandrakar failed completely. 2048 is the purchasing center. The number of talk movement could not even cross ten. The movement on Bhat did not take place in the home district of senior BJP leader Ajay Chandrakar. The farmers and rural voters did not support the BJP on the purchase of paddy. The people of Chhattisgarh villages have understood the anti-farmer character of the BJP.

  • CM Baghel on Telangana rape accused encounter

    ‘Can be said justice has been delivered’: CM Baghel on Telangana rape accused encounter

    Raipur (Chhattisgarh), Dec 06 (ANI): Chhattisgarh Chief Minister Bhupesh Baghel on the encounter of all four accused in rape and murder of veterinary doctor in Telangana said ‘Justice has been delivered’. “When a criminal tries to escape, police are left with no other option, it can be said that justice has been done,” said CM Baghel.

  • Gdhbo digital Chhattisgarh: The online examination by a thousand people

    CM urban functional literacy program ‘Gdhbo digital state’ under no 36 e-literacy centers in the state 29 and online external evaluation on November 30. Sarguja and online in the districts of Bilaspur Division 29 November and Raipur, Durg and districts of Bastar Division November 30, 2019 has been externally assessed.

    Chhattisgarh Infotech Promotion Society (Chips) state 934 learners online external evaluation conducted by the successful.  The school qualified Principal Secretary Mr. Gaurav Dwivedi Department of Education guidance and Director of the State Literacy Mission Authority (SLMA) and Member Secretary S. Under the first urban area of ​​digital Gdhbo digital Chhattisgarh Chief Minister urban functional literacy program for Asakshron in the country under the direction of light has started 36 centers in Chhattisgarh.  State Literacy Mission is taught to use digital tools in a month by Authority of the Nodal Officer Prashant Kumar Pandey told the briefing that the innovative program Gdhbo digital train 15 digital Asakshron 60 age group in the state e-educator said.

    Run digital devices, including computers, mobile under the digital literacy, using spares the computer, mobile phone, tablet information and access, Internet access, use of search engines, the introduction of e-mail, social media, Facebook, Twitter is reportedly using Whatsap. Booked online payment of various services, online booking, train, bus tickets, mobile recharge, pay TV recharge, electric bill, etc. and are taught to fill online forms for various services. Subject specialists are trained through a power point presentation on various topics. In addition to digital literacy personality development, political literacy, financial literacy, legal literacy, excellent Palktw, defense, skills development, civic duty, are also taught life price. The internal assessment by the district after the course of digital literacy. He said that will run 2 batch e-literacy centers by December.