This Query has 3 replies
Can anyone please guide me which Schedule and Trade name to select while registering on chennaicorporation.gov.in for an architectural partnership firm in Chennai?
They are also in the business of operating franchise food outlets
For architecture work, the closest I could find was in Schedule - I as 'All kinds of engineering works' but I'd love to know from practitioners who are in Chennai who can perhaps better guide me in this
This Query has 3 replies
We have deducted TDS amount 1% as per the sale deed.
we have received the short deduction letter.
Due to inoperative PAN department has raised notice to deduct 20% TDS.
Now seller have linked PAN with Aadhar then whom to send an email. anywhere in IT or TDS portal shall we update.
This Query has 3 replies
If we made payment of rs 10 lakhs in single cheque for construction in trust then tds is applicable or not? if applicable then under which section and what is the threshold limit for the same?
This Query has 3 replies
Hi.
My sister is an NRI. Can she pay her education loan emi directly to her Indian Loan account? If not, should she open an NRO/ NRE account for this purpose? Also are there any tax implications. (The account will be used only for repayment of loan emi)
This Query has 1 replies
My wife and Me (Buyers) are purchassing a flat and we had done an Agreement of Sale with the seller(s) - Husband and Wife joint owner of the property. They are also co-applicants in their running home loan on the property under sale here. Now, we have paid our contribution to the Seller(s) and also deducted TDS @1% of the total sale amount and 16B are ready. We were planning to do the registry of the flat in few days. We are also taking home lan from the same bank and it will be a loan balance transfer from buyers home loan account to sellers home loan amount and rest amount will be given to them via demand draft by the bank on the day of registry. Now, unfortunately, the cowner husband (seller) of the property has passed away. Now the wife (seller) will execute everything. Is there a requirement of changing form 26QB and 16B which is in the name of deceased to his wife's name before registry.
This Query has 1 replies
1. IF LLP FIRM PAYS REMUNERATION TO PARTNERS THEN TDS IS REQUIRED TO BE DEDUCTED FOR F.Y 24-25? AND YES THEN UNDER WHICH SECTION THE SAME IS TO BE DEDUCTED?
2. AND NEW SECTION (194T) FOR ABOVE PURPOSE IS APPLICABLE FROM WHICH DATE?
This Query has 1 replies
I am a partner in a business and all the investment belongs to the other partner. It is just an investment and our partnership share is 50%-50%. So can I get a salary from it?
This Query has 1 replies
Hi team ca club India,
We are from KNM India. I’m reaching out to check if you are accepting content from guest contributors on your website.
We are trying to establish ourselves as a helpful, trustworthy brand, and we think the best way to do that is through quality content.
If you do publish content from guest authors, I would love an opportunity to be one of them.
I don’t mind discussing topics that are good fit for your audience.
Looking forward to your thoughts,
KNM India
This Query has 1 replies
Respected Members,
Following are my queries -
1) I want to surrender my Certificate of Practice. Kindly guide me about the forms, process, etc.
2) Is it required to delete ARCA account in Income Tax e-filing website ? If so, how to delete it ?
3) I have already obtained FCA. Will I be allowed to use FCA title afterwards as well ?
Request to answer asap.
Thanks in advance.
This Query has 1 replies
1. A US CITIZEN WHO IS PERSON OF INDIAN ORIGIN (POI) HAD INHERITED AGRICULTURAL LAND IN INDIA AFTER DEATH OF HIS FATHER. HIS AGRICULTURAL INCOME IN INDIA RECEIVED FROM YEAR TO YEAR IS CREDITED TO HIS NRO ACCOUNT AND ALSO DECLARED IN HIS INCOME TAX RETURN AS EXEMPT INCOME. CAN THE POI TRANSFER THE ACCUMULATED AGRICULTURAL INCOME IN NRO ACCOUNT FROM NRO ACCOUNT TO HIS NRE ACCOUNT.
CA SUNIL JAIN
Trade Licence registration for architects in Chennai