Dear Expert,

Our client Purchase Land(NA) for Rs. 5cr from a seller Mr A and Mrs. B (50%share Each). and Requested to credit amount in Mr. A Bank A/c.

I have a Querry
Should i deduct TDS @1% on 5cr on Mr. A PAN
or
Deduct 1% TDS on 2.5cr each for Mr A & Mrs. B PAN
Kindly Help

if an assessee wishes to opt out of presumptive (44AD) to regular books after filing in presumptive for 4 years
Query 1: Is he liable for tax audit even though declaring higher income than presumptive in 5th year?
Query 2: If we file a tax audit return for this financial year, should we file tax audit return for successive years also even though the turnover is lesser than the tax audit limit?

Dear All,
I'm in receipt of a tax invoice specifying all the following service provided by a CHA namely Eastern Liner Shipping Pvt. Ltd. :
1. Administration Charges
2. Equipment Maintenance
3. Terminal handling Charges
4. Washing & Cleaning Charges
5. Mandatory User Charges
6. Off Dock Trans Charges
7. Survey Charges
8. MOBILE X-RAY CNTR SCAN CHARGE
9. Survey charges
10. Documentation Charges

Please suggest whether TDS is applicable or not! And if "Not", they please elaborate the reason.
Awaiting your valuable feedback.

Thanks & Regards
Rahul Singh

Indian having American Citizenship and filing returns in American who is having incomes in India.
While filing the returns for Indian Income whether to show american anywhere in Indian return.

Hello Experts, The trade union's Financial Statements are audited on the basis of Calendar year, how are we suppose to file ITR of them? Also where do we have to submit the Stat Audit report of Trade Union?

Is any interest payable under section 234A,B,C on late payment of advance tax on capital gain?

Respected Colleagues
If a person wants to buy a flat (residential property) and required TDS deposit @1%, now following details below:
Registry Value - 60,00,000/-
Stamp duty value - 1,11,50,000/- (Above 110%)
Lump Sum deal
Now my question is, what should i mention in form 26QB
Total value of the property?
Amount paid to seller/credited?
Total Stamp duty Value of property?
and on what amount should TDS deducted?

Please guide

There is Two long term capital gains:-
1)without indexation 2,90,49,884.03 taxable @12.5%
2)with Indexation 61,67,455 taxable @20%
for which 1,25,000 exemption is available for A.Y 2025-26.

So, now the question is against which capital gain exemption will be available?
And beneficial for an individual?

if Rectification order passed by AO and if we already apply to ITAT Appeal against order of 250 of CIT(A) in reference to old assessment order under section 147, then we need to file form 36 separately for rectification order or not? if not then which order whether rectified or original order need to be attached in ITAT Appeal submission?

I have query regarding TDS on freight payment if transporter own less than 10 fleet.