I have paid PTEC Challan for the F.Y.2017-18 on dated 05/02/2025 and same is verified. when i search in payment history it is not visible on mahagst.gov.in portal. what should i do?
and how can i get paid challan of PTEC?

If the Lease Rent of a Property is Rs. 600000 Lakhs for 3 years - Annually it is Rs. 200000. The Fair Rent in that area for such a property is Rs. 15000 pm - Annually it is Rs. 180000 then what is the Gross Annual Value in this Case ?

Once I submit electronically the TDS refund request Form 26B, using aadhaar auth, do I need to physically send the Form to AO as well?

A client wishes to settle dispute under vivaad se vishwaas scheme 2024. total amt payable under the scheme is 500000 and 400000 is already recovered by the department by bank attachment. In form 1 there is option to show taxes already but and it asks for BSR code and date and challan serial number.

In this case what to mention in BSR code and serial number since department has not issued any challan also in another case demand was adjusted against refund due so what to mention as BSR code and challan number and date of payment ??

The section says that the tax shall be deducted if the rent paid or payable exceeds Rs. 50,000 per month or part of the month either in last month of tenancy or of previous year.
However earlier it was 5% & w.e.f. October 1, 2024 the same is reduced to 2%.
My contract period is from April 24 to March 25 & i will be deducting the same @ 2% (New Rate). just wanted to confirm regarding the applicability of rate i.e. 2%

If Assesses has opt for Vivad se Vishwas Scheme and paid all the dues as per DTVSV Scheme against respectively notice & got Form 4 of DTVSV but now also Response to Outstanding Demand is payable.

I saw a TDS return of a client where the Date of Payment was 30th August, 2022, Date of Deduction was 30th August, 2022 as well and Date of Deposit was 07 October, 2022.
He got intimation under section 201(1A) for payment of interest of 3 months delay.
Shouldn't it be 2 months, Sept and oct?

Please Help.

As per para 4.2 of CBDT guidelines (F.No.225/72/2024/IТА-II) dated 03.05.2024 , non-search cases (whose information of such other person is found during search of main person) selected are not required to be transferred to the Central Charges.
Board has exempted central charges and international tax cases from faceless assessment.
What is the fate of assessment u/s 148 of such other persons whose information is found during search of the main parties? Will it be under faceless mode or by JAO (since these cases are not transferred to central charges)?

Sir,

We are required to obtain a TAN for the foundation. Under which category does the foundation fall, and what documents are required

I am seeking guidance on the potential tax implications for a property that is intended to be sold soon. The property, located in New Delhi, was inherited from my grandfather who passed away in 2016. After his demise, the property underwent a freehold conversion in December 2023 and was registered in my father’s name, who is 60 years old. We completed the necessary family agreements for the freehold conversion last year, with all siblings signing off.

We are currently looking for buyers, with an expected selling price of Rs. 85-90 lakhs. We aim to use the proceeds from this sale to purchase a residential property in Bengaluru. We are looking to understand the capital gains tax liability, considering it was inherited and only recently converted to freehold. The key points are:

- The property was originally purchased by my grandfather (exact purchase year and cost unknown).
- It was inherited by my father in 2016 but only transferred in his name in 2023 after conversion to freehold.
The expected sale year is 2025 after being in the family for an extended period.

Also, is there any circle rate of any area? That maximum price for which the flat is x lacs so is it true that one cannot sell the flat beyond that price?

We are interested in understanding potential tax exemptions or benefits associated with reinvesting the sale proceeds in another residential property.

Could you please advise on the anticipated calculation of capital gains, applicable tax exemptions, and any strategic advice on reinvestment for tax relief?