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Section 54 - 1 Year Prior RHP

Hi,

I had bought a RHP1 on 04/01/2024 (FY 23-24) for 50 lakhs. I have sold a RHP2 on 10/11/2024 (FY 24-25) and computed a capital gain of 45 lakhs.
1. Can I take exemption u/s 54 by showing the capital gain of 45 lakhs in RHP1?
2. Any particular details to be mentioned in ITR of FY 24-25?

Thank in Advance.




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Please Specify the nature error in ITR 3

While trying to generate XML in java utility in ITR 3, I am getting an error of "Please specify the nature". Please help in solving it. While clicking on error it redirect to schedule BP. I have already selected code under the nature of business. Pls Help




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CII Urges Tax Reforms and Increased Capital Investment in Union Budget 2025-26

In a pre-Budget meeting with Revenue Secretary Sanjay Malhotra, the Confederation of Indian Industry (CII) urged the government to continue tax reforms and boost capital expenditure in the Union Budget for 2025-26....




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Finance Ministry Highlights Digital Innovations in RRBs, Urges Expansion of Customer-Centric Services

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Centre Likely to Retain Direct Tax Revenue Estimates in Revised Projections

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NFRA Set to Propose Audit Norms for LLPs in 25th Nov Board Meeting

The National Financial Reporting Authority (NFRA) has convened a board meeting scheduled for November 25, where it will examine and potentially set audit standards for limited liability partnerships (LLPs), according to official sources. ...




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The Income Tax Department has intensified scrutiny on dubious tax refund claims for the assessment years 2021-22 and 2022-23, issuing notices to multiple taxpayers across the country. ...




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GSTN Issues Advisory regarding IMS during initial phase of its implementation

Invoice Management System (IMS) is an optional facility introduced from October 2024 on GST Portal, on which the invoices/records saved/furnished by the supplier in GSTR-1/1A/IFF...




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Have you seen Elliott? I need to phone home




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you have a scary sense of humor, boss




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IT'S ALWAYS SUPPOSED TO BE A TACO




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AND SHE KNOWS HOW TO USE THEM




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Maybe I need glasses




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See?




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We're Off To See The Wizard!




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Feeling Enthused




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can't see me can't find me can't take me to the vet




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Of Course You Do




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The consequences are painful




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FTR Trucking Conditions Index shows solid sequential improvement, to start 2023

For January, the most recent month for which data is available, the TCI came in at -1.71, a significant improvement over December’s -6.1 and November’s -7.94. That was preceded by October’s -11.25, its lowest level since the April 2020 all-time low, at -28.66. The September TCI reading came in at -2.35.




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Warehouse/DC Automation & Technology: It’s “go time” for investment

In our latest Special Digital Issue, Logistics Management has curated several feature stories that neatly encapsulate the rise of automated systems and related technologies that are revolutionizing how warehouse and DC operations work.




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National diesel average falls 6.2 cents, to $4.185, reports EIA

The national average decreased 6.2 cents, to $4.185, following a 3.5-cent decline, to $4.247, for the week of March 13.




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ATA reports February truck tonnage increase

The ATA’s advanced Seasonally Adjusted (SA) For-Hire Truck Tonnage Index, for February, came in at 118.4 (2015=100), for a 1.2% increase, over January’s 117 reading.




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Three Times That Solar Eclipses Transformed Science

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Secret Mathematical Patterns Revealed in Bach's Music

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Unprecedented Fire Season Has Raged Through One of Earth's Biodiversity Hotspots

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What Apple's New Vision Pro Headset Might Do to Our Brain

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The Sophisticated Threads behind a Hat That Senses Traffic Lights

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Flimsy Antiabortion Studies Cited in Case to Ban Mifepristone Are Retracted

Outside experts found that two studies cited in a federal case on medication abortion had serious design problems and that their authors had undisclosed conflicts of interest




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Stunning Comet Could Photobomb This April's Total Solar Eclipse

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Easy Scalloped Potatoes (Vegan Hash Browns Casserole)

These easy scalloped potatoes combine the creaminess of the classic side dish with the ease of frozen hash browns. You don’t even have to thaw them out! I thought I was finished writing about scalloped potatoes. I posted my first scalloped potatoes recipe in my second month of blogging, way back in 2006. Then ten...

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The post Easy Scalloped Potatoes (Vegan Hash Browns Casserole) appeared first on FatFree Vegan Kitchen.




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Vegan Yellow Squash and Corn Casserole

Golden slices of summer squash and kernels of corn are baked in a creamy sauce and topped with bread crumbs in this Southern-style vegan squash casserole. It’s the perfect summer side dish. Hi, my name is Susan, and I’m a vegan. It’s been so long since I updated this blog that I only half-humorously feel...

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Wavy wandering hearts from Christi Friesen

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Are You Sure You Want To Know The Secret Of This Life?

La Femme “Clover Paradise” “Clover Paradise” would fit in very well on the What Was Schaffel? playlist I made earlier this year, which collected electro-glam music from the early 2000s. I’m a sucker for this aesthetic, particularly the way a severe grayish palette and ultra-precise shuffle beat complements a lusty, perverted vibe. It’s like the […]




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Every Word Is Nonsense

Kelly Lee Owens “Dreamstate” There’s not a lot of lyrics to “Dreamstate” beyond variations on the phrases “feel the dreamstate” and “dream to live,” but Kelly Lee Owens gets a lot out of those words. It’s in the repetition, the re-arranging of the words, and how she seems to surf the waves of her synth […]




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Pretty Please

Two Shell “(rock✧solid)” Two Shell make exciting music about feeling excited. Like, if there’s any other point to a song like “(rock✧solid),” I can’t discern it. They want to make people excited, so they built a track that piles on exciting sounds so it sounds like the excitement is eternally escalating, and you can feel […]




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Representative Line: On the Log, Forever

Jon recently started a new project. When setting up his dev environment, one of his peers told him, "You can disable verbose logging by setting DEBUG_LOG=false in your config file."

Well, when Jon did that, the verbose logging remained on. When he asked his peers, they were all surprised to see that the flag wasn't turning off debug logging. "Hunh, that used to work. Someone must have changed something…" Everyone had enough new development to do that tracking down a low priority bug fell to Jon. It didn't take long.

const DEBUG_LOG = process.env.DEBUG_LOG || true

According to the blame, the code had been like this for a year, the commit crammed with half a dozen features, was made by a developer who was no longer with the company, and the message was simply "Debugging". Presumably, this was intended to be a temporary change that accidentally got committed and no one noticed or cared.

Jon fixed it, and moved on. There was likely going to be plenty more to find.

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CodeSOD: A Base Nature

Once again, we take a look at the traditional "if (boolean) return true; else return false;" pattern. But today's, from RJ, offers us a bonus twist.

public override bool IsValid
{
   get
   {
      if (!base.IsValid)
         return false;

      return true;
   }
}

As promised, this is a useless conditional. return base.IsValid would do the job just as well. Except, that's the twist, isn't it. base is our superclass. We're overriding a method on our superclass to… just do what the base method does.

This entire function could just be deleted. No one would notice. And yet, it hasn't been. Everyone agrees that it should be, yet it hasn't been. No one's doing it. It just sits there, like a pimple, begging to be popped.

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Representative Line: One More Parameter, Bro

Matt needed to add a new field to a form. This simple task was made complicated by the method used to save changes back to the database. Let's see if you can spot what the challenge was:

public int saveQualif(String docClass, String transcomId, String cptyCod, String tradeId, String originalDealId, String codeEvent, String multiDeal,
            String foNumber, String codeInstrfamily, String terminationDate, String premiumAmount, String premiumCurrency, String notionalAmount,
            String codeCurrency, String notionalAmount2, String codeCurrency2, String fixedRate, String payout, String maType, String maDate,
            String isdaZoneCode, String tradeDate, String externalReference, String entityCode, String investigationFileReference,
            String investigationFileStartDate, String productType, String effectiveDate, String expiryDate, String paymentDate, String settInstrucTyp,
            String opDirection, String pdfPassword, String extlSysCod, String extlDeaId, String agrDt) throws TechnicalException, DfException

That's 36 parameters right there. This function, internally, creates a data access object which takes just as many parameters in its constructor, and then does a check: if a field is non-null, it updates that field in the database, otherwise it doesn't.

Of course, every single one of those parameters is stringly typed, which makes it super fun. Tracking premiumAmount and terminationDate as strings is certainly never going to lead to problems. I especially like the pdfPassword being stored, which is clearly just the low-security password meant to be used for encrypting a transaction statement or similar: "the last 4 digits of your SSN" or whatever. So I guess it's okay that it's being stored in the clear in the database, but also I still hate it. Do better!

In any case, this function was called twice. Once from the form that Matt was editing, where every parameter was filled in. The second time, it was called like this:

int nbUpdates = incoming.saveQualif(docClass, null, null, null, null, null, multiDeal, null,
                null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null,
                null, null, null, null, null, null, null, null, null, null, null, null);

As tempted as Matt was to fix this method and break it up into multiple calls or change the parameters to a set of classes or anything better, he was too concerned about breaking something and spending a lot of time on something which was meant to be a small, fast task. So like everyone who'd come before him, he just slapped in another parameter, tested it, and called it a day.

Refactoring is a problem for tomorrow's developer.

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Representative Line: How is an Array like a Banana?

Some time ago, poor Keith found himself working on an antique Classic ASP codebase. Classic ASP uses VBScript, which is like VisualBasic 6.0, but worse in most ways. That's not to say that VBScript code is automatically bad, but the language certainly doesn't help you write clean code.

In any case, the previous developer needed to make an 8 element array to store some data. Traditionally, in VBScript, you might declare it like so:

Dim params(8)

That's the easy, obvious way a normal developer might do it.

Keith's co-worker did this instead:

Dim params : params = Split(",,,,,,,", ",")

Yes, this creates an array using the Split function on a string of only commas. 7, to be exact. Which, when split, creates 8 empty substrings.

We make fun of stringly typed data a lot here, but this is an entirely new level of stringly typed initialization.

We can only hope that this code has finally been retired, but given that it was still in use well past the end-of-life for Classic ASP, it may continue to lurk out there, waiting for another hapless developer to stumble into its grasp.

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EXCLUSIVE: LOTR Secrets Revealed in NEW Memoir from Ian McKellen’s Webmaster

It’s one thing to just be a reporter who covered The LOTR Trilogy during it’s lengthy production —...

The post EXCLUSIVE: LOTR Secrets Revealed in NEW Memoir from Ian McKellen’s Webmaster first appeared on Lord of the Rings & Tolkien News - TheOneRing.net Fan Community, since 1999.