Dear Sir,
Kindly advice me at time of Advance Payment of Advocate.
TDS not Deducted & Amt Paid Rs 100000. So, Now What to do Actual Bill till not Received.
How Much Bill Amount Demand so TDS liability paid & Also Outstanding of Advocate is Nil.
Dear Experts
I'd like to know if the money received as Corona Stimulus Economic Package from the US is taxable in India or not. Per the IRS it is tax free in the US. Schedule FSI doesnt have a relevant head to include this deposit under hence not included for many years.
Per the internet
Treated as a Non-Taxable Relief Grant (Not Income) -
Under the Indian Income-tax Act, a receipt is only taxable if it falls under the specific definition of "income" (such as salary, business profits, capital gains, or other regular streams).
The COVID-19 stimulus payment from the U.S. Treasury is a social benefit or disaster relief grant. It does not arise from any service rendered, employment, or investment activity in India, making it a capital receipt/personal relief aid rather than income.
Classified as a Government Aid -
In general tax principles, personal transfers or government aid given as financial relief do not qualify as taxable commercial or professional receipts.
Even though resident Indians are technically taxed on global income, statutory relief grants meant for public welfare do not possess the character of earned income or commercial revenue, meaning they are excluded from taxable computation under the Income Tax Department of India
Furthermore, the reason for asking this is because the user is interested in applying for the FAST-DS 2026 scheme.
1. The asset being declared under this scheme is a US bank a/c under Cat B (flat fee) route
2. The requiement for this bank a/c is 'Sum of ALL deposits'. The bank a/c was opened while NRI for salary
3. All the deposits in the users account was income that was taxed in the US. Upon becoming a resident, the US Treas deposited Corona Relief stimulus
4. Will this Corona stimulus be considered taxable or tax exempt during the FAST-DS 2026 filing
I am grateful for your expertise and response in advance
Sincerely
Mohan
What is criteria for rural agriculture land based on 1994notification. Base year will be 1994 or in which year land sold
a person had purchased a plot in 2008 for rs 8 lakhs and now selling the same in 2026 for Rs 70 lakhs and invest 60 lakhs on purchase of other plot. what will be the capital gain as per income tax act 2025
I have filled ITR for AY-2026-27 and Status is Refund has been kept on hold due old tax adjustments. I have check Outstanding Demand Tab on e-portal, there is Demand Outstanding for AY-2013-14 for Rs.20.370/- as Principal and accrued Interest Rs. 30653/-. Earlier Notice issued on 24-10-2013, under Sec-245/245(1), Sec Code 1431a. I have verified my Form 16B, Tds of Rs.18,404 has been deducted is shown. But in 26as Not a single entry of TDS paid and Credited is shown. I have got all Challan Deposited through Tan No. and found that through out the year Assessment Year wrongly mention AY-2012-13 i/o 2013-14 and Sec. Code 92a i/o 92b. I have submitted application to AO for Rectification of errors in AY and Sec. Code, with Copies of Challans of Taxes paid on various dates, but they express their inability to Search their old records. I have also contacted my Employer, Previous CA, Current CA to get copy of 26Q for AY-2013-14, all of them Not Co-operating to get copy of 26Q.
In this situation how I legally proceed to get copy of 26Q and how to pursue IT official to search their old record in their data base system to get wiped out my Outstanding Demand for AY-2013-14.
I missed to file ITR for FY 2024-2025.
My income is Rs. 490400. Can I claim Rebate while filling ITU - U. My TDS is Rs. 4842
Sir,
Now a day , I received sms and email " Original form 140 filed for the TAN " while go through I understand that it is old company details is received . let's me know what is Form 140 and How to stop this email and sms of this , I lef's this company more than 4 year back.
Please advise
Binu
In e-filling portal-Demand Outstanding Tab , there is Rs. 20370/- as Principal and Rs.30,356/- accrued Interest shown as Outstanding. Notice issued earlier under Sec.245/245(1) . (Sec Code 143 1a). Dt of Notice 24-10-2013. While verifying TDS Deduction by My employer through Tan, it was found that through out the year, while Depositing Challan Assessment Year wrongly mention AY-2012-13 i/o 2013-14 and Sec. Code 92A , i/o 92B.
In form 16B TDS of Rs.18,404/- has been deducted is shown. While in my 26as AY-2013-14 , Not a single entry of TDS Deductions is shown. It also Not Shown in 26as of AY-2012-13, any excess amount of TDS Deduction.
I have submitted Application to AO to Rectify the manual errors in Assessment Year and Sec. Code on the basis of Challan copies of Taxes paid on various dates vide Tan No. The AO express his inability to Verify their System Record . I have contact my Employer , Previous CA, and Current CA to Submit me the copy of 26Q filled for AY 2013-14 . All of them are Not Co-operating. In this situation , how can I proceed legally to Obtain 26Q and how to pursue the IT official for searching old Records, to get My Demand Outstanding wipe out .
The total stamp duty value of property in Form 141 - Is it the value calculated as per the ready reckoner rate in Maharashtra or the actual sale price of the property (higher in most cases) on which the stamp duty was paid?
And I see that the SDV is proportionated as per buyer share in the form and not the Total Sale consideration which is higher in most cases.
Dear Sir,
I want to understand which areas to be looked into where an NRI staying in London wants to start business in India, exporting services to German client. How the taxation, repartition of funds will play a role in this? Also please guide me additional areas to be looked into.
Thank you,
Suraj
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
ADVANCE PAYMENT OF ADVOCATE