we are paying salary to worker around 2 crore for that we have hired one supervisor for arrangement of worker we are paying amount to that supervisor and supervisor paying that amount to different different worker on monthly basis as per their respective work. and we are also paying salary to that supervisor for worker arrangement.
Question is whether tds liability will arise on us for paying amount to supervisor ? if arise than under which section??
I had invested in NSC in 2020 which matured on 2/2/25. I didn't file ITR for AY 21-22 onwards till AY 24-25 as my tax liability were NIL for all those past five years including NSC interest on accrual basis and total income were below exemption limit. But for AY 25-26 I've to file ITR as I'm taxable. Now do I have to offer tax on NSC interest on accrual basis only for this year or on receipt basis on maturity interest for AY 25-26 this year ? Please help.
Thanks
is a doctor liable to deduct tds if he pays rent for his clinic?
Please share how much New tax regime exemption and deduction for government employees NPS Tier1 available
i .e. 80ccd(1b)
80 ccd(2)
CIT Exemption has condoned the delay in filing audit report. What is the procedure to be followed next? Should the trust file a rectification petition u/s 154 . How to inform the cpc about the condonation of delay granted by CIT Exemptions.
I request the experts to kindly give their expert opinion on the procedure to be followed
Respected Sir
As per section 45(3) of the Income Tax Act 1961, When an individual(Partner) transfers a capital assets (Stocks, Mutual fund, Real Estate, etc.) to a Partnership Firm as a capital contribution, it is considered a 'transfer' under capital gain tax provision and chargeable to the tax when such transfer take place. Value recorded in the books of the firms is consider as a full value of consideration.
Our question is on which value firm will recorded such assets (Stocks, MF, Real Estate) on Fair Market Value of the Such assets or cost of acquisition of the individual (Partner).
Ancestral property will be sold in March 2025 / April 2025. What is the time limit to deposit the sale proceeds in Capital Gain accounts scheme and the time limit to purchase the specified bonds?
Please also inform incase it will make any difference if the land to construct the new property has been purchased in January 2025
I am applying for TAN Number of Limited Liability Partnership
Which type of deductor should i select Firm Or Branch of Firm
I am applying for TAN in Delhi State which is our branch & Our Head Office is in Maharashtra
Please guide
When a resident buys property from an NRI what is a tax implication for both buyer and seller ?
Sir / Madam
Can any one update TDS applicability on below in view of latest judgements by various authorities -
Lease Line charges
Broad Band Charges
Internet
Mobile
Telephone Charges
Please quote applicable case laws
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Salary to workers