indian resident buys flat from nri seller.
remitter (indian resident/flat purchaser) has to file 15ca from his income tax login or nri seller of flat has to use nri seller's login?
my view--> remitter indian resident purchaser has to apply for 15ca before making payment to nri.
but next q , who will appoint ca for 15cb ? remitter or non resident remitee?
my view--> for appointing ca , remitter/indian resident buyer will appoint and accept 15cb. am i cwrect?
I had received a notice under 143/1 for the a
ae 2024-25 FOR payment of tax @rs.17285 and interest Rs.1900/-
I had sent a rectification request because I was not liable to pay any tax for my total income of Rs.5,02,690/- for the financial year 2023-24. The break up of income is Rs.1,10,797/- short term capital gain and Rs.3,91,890/- being agriculture income shown as income from other sources.
I received a nortice under 154,ignoring my rectification request asked to pay same amount of tax again.
I dont know,why I was asked to pay tax for this total income of Rs.5,02,690/-
I had made a complaint filed at grievances. can anyone guide please. what are the remedies if any available to me now.
Dear Sirs,
My son is offered ESOP every year which is a non-listed foreign company.
They buyback stocks at regular intervals and pay cash to their employees, which is not a part of the CTC.
Kindly advise how the capital gain is calculated and it's taxed.
Thanks for your kind answer.
Prasanna
Dear Sir/Madam
A client's TDS is deducted 1,24,705/- U/s. 194NF on transaction of cash withdraw from bank of Rs.6,23,523/- @20% which was updated after July 2024 in my 26AS, now can I claim the TDS to my revised return and get refund?
what is paid meaning under form
26QB
26 QC
26 QD
under income tax
here paid meaning inclusive of paid to party and TDS amount.
at the time of making provision of income tax
we passed entry
income Tax Account Dr,
to Provision for income tax
but at the time of adjustment it
can we pass journal entry
Provision for exp. Dr
To TDS A/c
TO TCS A/c
To Advanve Tax
to Self Assessment Tax
is it correct entry.
Dear Sir, Appeals are to be made( CIT Appeals or JC Appeals), year-wise only, but not the clubbing two or more years in one appeal ie. in Form 35 or 36. Is it correct sir
I booked a villa in March 2022 from a builder and secured a home loan in March 2022 based on the agreement. As per the agreement all installment of payments was made on time .The villa was registered in July 2024 after completion of construction . Now, I am selling the villa in November 2024. What will be the applicable capital gains tax—long-term or short-term?
Hi Sirs,
I will be selling my property which is in my name for around 50L and the entire amount will be gifting to
my married daughter for her to start a clinic or for her long term investment.
Kindly advise
(1) what would be my capital gain in this case(I bought the property in 2000 and spend a total
amount of 25L)
(2)My daughter's (who is a Doctor) tax liability even if I give through Gift deed.
Thanks for your kind advise.
Dear Sir,
Greetings!
I have been associates with one of the Education Institute. One of donors inform that he is director in his company and he wants to donation some amount u/s 80G. He will issue the cheque from his personal account however, he provided his company PAN no and suggested to record the donation in favour of his Company and donation receipt should be issued in favour of his company.
My quary is whether
donation receipt be issued in favour of Company although the cheque is given by director from his personal account.
What is Income Tax Rules says about recording of donation u/s 80G. i.e. donation receipt should prepare as per name given in cheque or name given in PAN No.
Should Institution take any declaration from the donor in case of receipt issued in his Company name although the cheque issued from personal account.
I seek valuable feedback from the experts..
Regards
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
15ca /15cb whose income tax login? remitter or nri seller's login?