Will OLD Tax regime continue for the year 2024-25 ???
I had bought a Pre-const house for 55lac and paid Stamp duty on 55lac during registration.
I made 54,00,00 payments in installments and now making the last installment of 1 lac
On the 26QB form
Total Value of Consideration (Property Value) -₹55,00,000
Payment type*-Installment
Whether it is last installment ?*-Yes
Whether stamp duty value is higher than sale consideration ?* - Dont know what to choose
Total amount paid/ credited in previous installments, if any (A) * ₹54,00,000
Amount paid/credited currently (B) *-₹1,00,000
Total stamp duty value of the property (C) *₹55,00,000
Now under
Tax Deposit Details, I am getting
Amount on which TDS to be deducted (D)*₹55,00,000, which looks wrong.
Should this not be the amount currently paid ₹1,00,000. What am I doing wrong?
I have some doubts about filling ITR 6 Schedule CFL and UD of a private company. The details as follows.
In FY 22-23:
Income: 278,565
Depreciation (as for IT): 162049
Depreciation (as for company): 166461
Loss (as for company): 20,59,983
In ITR 22-23:
Schedule CFL: 20,59,983
Schedule UD: 162049
In FY 23-24:
Income: 76,429
Depreciation (as for IT): 127,862
Depreciation (as for company): 195,621.75
Loss (as for company): 684350
1) What should be mentioned in Schedule CFL and UD for 23-24?
2) Whether Schedule CFL and UD was correctly filed in 22-23?
The itc pretening to FY 23-24 which was claimed in FY 24-25 3B as per 2B have to show in which table of Gstr 9 if we are entering the amount in 8C then it will reflect negative figure
For FY 22-23 the itc which was claimed in 23-24 as per 2b in which table of gstr9 we can show plz clarify
The deceased father nominated his elder son as the beneficiary of his fixed deposits in the bank. The elder son voluntarily wants to relinquish his fixed deposit claim in favor of his mother and would like the bank to issue a cheque/draft for the settlement proceeds in favor of the mother. There are 3 legal heirs - mother and two sons and there is NO dispute among the heirs. The bank insists that the settlement can be made only in favor of the nominee i.e., the elder son. How can the elder son enforce the settlement in favor of his mother? What are the legal options? Can he submit a relinquishment deed or something similar to the bank?
I am not a CA or related to finance in any way .Can i prepare a balance sheet, Profit statement , cash flow by learning from youtube/internet and present it to concerned parties ? isthere any legal restriction ?
whether dividend distributed from profit of company after profit after tax.
What would be the accounting treatment of preliminary expenses and inoperative expenses and also for income tax purpose also.
Advances paid against making building but some services not received due to cancel of contract , what would be the treatment for not reeving amount given as an advance from party, whether it should added to building cost or write off it or may be other way.
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TDS RATE ON RENT PAID TO NRI