My wife and I jointly purchased a property in 2022 (50-50 share mentioned in BBA). we have funded the property together almost in a 50-50 ratio as well.
the first two instalments (one in 2022, and one in 2023), we filed form 26QB for the full amount from my wife's PAN.
The last instalment is to be paid in October 2024.
This year I want to claim LTCG tax benefit by showing investment in the sai property.

Do I need to submit form 26 QB from my PAN ?
Should we correct past form 26QB, and show half TDS paid by each?
Can I just submit this instalment TDS entirely?

i am paying rent above Rs 50,000/month. Till last FY i was deducting tds @ 5% on it every march. but post budget there is revision in rate of TDS from 5% to 2% wef from 01.10.2024. I wanted to confirm whether there will be any seperate deduction @ 5% till September and 2% from October onwards.

As this provision says that TDS is to be deducted in last month of financial year or last month of tenancy. So according to me there should be only one deduction i.e. @ 2% in the month of March 25.
Please assist

Hi,
Can we claim 44ada ( presumptive taxation) if all other conditions are met for our professional income if we also have loss from owning and maintaining horse under the head "other sources".

Can you please guide.
Regards,

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Sir/Madam plz guide
If Designated Partner of a LLP pays through his PERSONAL Credit Card an Invoice for office stationary and office supplies ( used fully in office of LLP)
The Invoice is raised in Name of the LLP having LLP’s GST number on it.
Details of this invoice appears in Form 2A of LLP

Can ITC of this invoice be taken by LLP.

If payment on invoice is made by Partners
PERSONAL credit card and NOT from LLP’s Bank Account.

we are holding company having its associates company, while consolidation the accounts profit of associates shall be considered of standalone profit of associates or consolidates profit of associates.

How to show turnover ratio in TAR clause 40 case of f&o ?

The eligible company has obtained DPIIT certification and has completed the startup recognition norms. Are there any additional requirements we need to fulfill? Do we need to file any additional forms, such as Form 10BBC? Please elaborate on the compliance aspects to claim the 80IAC exemption for a block of 3 years out of the initial 10 years period. Also, highlight any peculiar aspects that need to be considered.

Sir/madam,
I had purchased a life insurance policy under the Unit Linked Insurance Plan. It was 10-years plan, involving 10 annual premiums of Rs. 120,000/- each. The sum assured was Rs. 840,000/-. The Policy was purchased in January 2014 & matured in January 2024. I paid all the 10 instalments regularly (totaling to Rs. 12.00 Lakhs).
On its maturity in January 2024, I received a cheque of Rs. 18,73,876/- from the Insurance Company, after deducting TDS of Rs. 35,467/- u/s 194DA. (Gross maturity amount Rs. 19,09,343/-; Gain of Rs. 709,344/-). The said amounts of Rs. 709,344/- and Rs. 35467/- are appearing in my Form 26AS. My Return is filed under the Old regime of income Tax & my taxable income is more than the minimum threshold amount required for taxation, even without considering the said gain of Rs. 709,344/-.

Please advise:
1) what would be the taxable amount out of the gain of Rs. 709,344/- &
2) whether I can claim the exemption u/s 10 (10D) despite the fact that the annual premium payable was more than 10% of the Policy amount.

Dear sir, my question is we purchased old ginning machinery from unregistered person and issued urd purchase bill... After few days we sold this machinery in bill to registered tax payer on 18% gst.....
Is this correct? Kindly clarify