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Pravs
This Query has 1 replies

This Query has 1 replies

26 May 2024 at 19:41

TDS Return Error query

T_FV_6351 Applicable and Mandatory For Financial Year 202324 onwards 'Other special allowances under section 10(14)

PLs help on this error


raghavendra b
This Query has 5 replies

This Query has 5 replies

DEAR SIR,

TDS DEDUCTED U/S 194H CAN WE OPT FOR PRESUMPTIVE TAXATION DECLARED 8% OF PROFIT BOOKS OF NOT MAINTAINED CASES OR TO BE FILED ITR 3 AS BUSINESS INCOME TURNOVER BELOW EXCEEDS RS. 10 LAKHS BOOKS OF MAINTAINED U/S 44AA.

THANK YOU


D M
This Query has 8 replies

This Query has 8 replies

Hi Everyone,
I am a UK citizen and planning to move to India and work remotely for my UK Firm and receive UK salary in UK Bank Account.

As I will be in RONR for first 3 Years as per my understanding so I have below queries
1.If I am working remotely for a UK Firm and receive UK Salary in a UK bank Account will this Income be taxed in India.(I have not been in India for the last 5 Years)
2.If I want to move to UK Salary Income to India what Indian Bank account should I open ?
3.After spending 3 years being resident in India will the income earned in previous financial years be taxed in India.

Appreciate your help.

Thanks,


NANDAKISHORE S J
This Query has 1 replies

This Query has 1 replies

T_FV_6351 Applicable and Mandatory For Financial Year 202324 onwards 'Other special allowances under section 10(14)'. How to solve this error while validating a correction file


tijo nallila
This Query has 1 replies

This Query has 1 replies

t_fv_6351 applicable and mandatory for financial year 202324 onwards 'other special allowances under section 10(14) ANY SOLUTION


raghavendra b
This Query has 6 replies

This Query has 6 replies

DEAR SIR,

ONE OF MY CLIENT'S INHERITED LAND (SITE) SIZE 34 METER ACQUIRED BY STATE HIGH WAY AND COMPENSATION AMOUNT PAID TO MY CLIENT. THE COMPENSATION AMOUNT RECEIVED BY CLIENT IS TAXABLE INCOME OR EXEMPTED U/S 10(37).
IT IS COMPULSORY SHOW IN ITR OR NOT?
BECAUSE THE PROPERTY INHERITED DETAILS NOT CLEARLY PROVIDED. OR
JUST ENTER THE AMOUNT RECEIVED IN EXEMPTION SECTION 10(37).

PLEASE CLARIFY ME
THANK YOU


M Balakrishna Achar
This Query has 1 replies

This Query has 1 replies

One of my coffee plantation firm client, desires to admit an Indian origin, American citizen, NRI as a partner. The firm owns a coffee plantation in Hassan district and carries on the business of growing coffee, pepper and other agricultural produces. The NRI holds an Aadhar Card and a NRO bank account. Our query:
01. A NRI (Non-Indian Citizen) but Indian origin can become a partner in a partnership firm owing coffee plantation and growing coffee, pepper and other agricultural produces?

The NRI is investing from his NRO account.


kollipara sundaraiah
This Query has 1 replies

This Query has 1 replies

Sir,
Assessess sales of flat value rs:55 lacs
Flat value rs:45 lacs fitting and fixtures value rs:10 lacs
Question:
Assessess sales agreement flat value and fittings and fixtures values separate or sales agreement flat with fixtures and fittings.


Praveen Kumar
This Query has 1 replies

This Query has 1 replies

Dear Sir/Madam,
I and my wife in joint ownership have purchased a flat . I paid an advance of 5% consideration on March 31, 2024. The rest of 5% advance was paid by me on Apr 04, 2024 . After ensuring that 10% is received, the builder then made the documents with booking date of flat as April 08 , 2024 and BBA agreement date is April 09, 2024.
Could you pls answer following query.

Q(1) In which financial year, this property will be considered as bought by us, old financial year or new financial year. I hope it should be new ( FY 24-25 ) based on the agreement date but still want to confirm . Asking because I got to know that now in return, the Income Tax department would ask this information of any property purchased .


Gopalakrishnan V
This Query has 1 replies

This Query has 1 replies

24 May 2024 at 17:09

Compensation in kind

A Private Limited Company owns a piece of land measuring 10 acres and engages a person to do the necessary infrastructure facilities, to form a layout. The Company deicides to give two sites so developed as fee for the activities done, instead of paying cash. Is this allowed in Income Tax Act. Kindly clarify