I am paying rent to NRI(around 75000 per month or 9 lakhs per annum). The amount is transferred to their Indian account
Do I need to fill form 15CA and Form 15CB?
I read Form 15CA is not required when you do not require RBI approval for remittance. For rent payment no RBI approval is required. Can I assume form 15CA and Form 15CB is not required?
Dear Experts,
I have not been working from August 2024 and I am yet to withdraw my EPF amount. Until July 2024 EPF contribution was done both by me and my employer.
My question is regarding Advance Tax for EPFO Interest for the FY 2025-2026:
- Do I have to pay advance tax (in FY2025-2026) for EPFO interest for FY2024-2025 which is yet to be credited (since it will be credited in November 2025) ?
- Since interest is calculated and paid by EPFO for the complete year FY2024-2025 and I was working until July 2024, I presume I have to pay tax only for the period from August 2024 to March 2025 ?
Any guidelines on how to calculate the tax on interest for the period August 2024 to March 2025 will help.
Sir,
My income breakdown for FY 24-25,
Savings interest 44,000/,
STCG 2,10,000/
LTCG from equity mutual fund 91,000/
Income from commissions 3,780/0(TDS deducted u/s 194H)
Intraday equity cash(non f&o) trading loss 247/,
Intraday trading turnover 500/
So Total income exceeds 2,50,000/ and I've loss of 247/ in intraday trading.
Since I've commissions income of 3,780/, I've to file ITR 3 and I can't opt for presumptive taxation u/s 44AD.
My question:
Are books of accounts and audit compulsory and inevitable for me or there is any way out ?
Thanks a lot
Respected Colleagues,
If Resident tenant pays rent to NRI landlord above 50k per month, then what are the compliances due under Income tax act from the tenant point of view like Form 15CA, Form 27Q (TDS) etc................Please guide
I HAVE INVESTED IN UTI MUTUAL FUNDS ULIP PLAN OF 15 YEARS WEF 07.10.1993 TO 07.10.2008
iNSTALLMENT PAID EVERY YEAR RS.3000 X 15 YEAR = TOTAL AMOUNT INVESTED RS.45000/= 9TARGET AMOUNT)
I HAVE DONE REDEMPTION ON 24.04.2024 AND RECEIVED RS.450032.76
I AM SENIOR CITIZEN (77 YEARS
I WANTED TO KNOW THAT THIS AMOUNT IS TAXFREE OR I NEED TO PAY ANY LONG TERM CAPITAL GAIN WITHOUT ONDEXATION OR WITH INDEXATION.
REQUEST YOU TO PLEASE GUIDE ME PROPERLY
Hi
The assessee is the proposed non resident seller (NR) and accepted advance for sale of his property in FY 2023-24 & 2024-25. TDS was deducted and deposited to Govt by the resident buyer on applicable rates. Since the sale deed was not executed in FY 2023-24 & 2024-25, the NR has not claimed the same in his tax return and has deferred the said claim each time to next year.
Now, in FY 2025-26 the sale agreement has been cancelled. Pls advise-
1. Can TDS be reversed by the buyer and can buyer claim TDS refund?
2. In case the NR Seller claims TDS in his tax return, what problems can he face as he will not be able to show any income against such TDS claim.
Thank you in advance.
One of my client now received a salary of USD 1500/- from NAS company, UK. Previously, he was working in a Indian Company. Apart from salary in USD, he has interest income also accrued in India. How to file his ITR now ? As 26AS and AIS only shows his interest income accrued in India.
I am an Individual tax payer. I had received interest from my bank account on 1 April 2025, However the interest was till 31 March 2025. Should I consider this income for FY 24-25 or FY 25-26?
143(1) order was of Oct 2021.
Cut(a) order awaited till today.
Can tax demand stay petition be filed with ao now?
My view unfortunately 220(6) only says within 30 days of demand notice..so i can't right?
An individual likely to join a consulting company which do not allow employee and their family members to invest or trade in stock markets directly. Family members of the individual has investment in stocks and trade in stocks actively. What option is left for the family members of the individual to keep their investment in stocks and can trade in stocks. Please suggest the option to keep their investments and trading in stocks as per law and manageable manner. Partnership firm of family members or HUF ? In partnership firm, stocks can be kept in DMAT of partners account and trading account can be in the name of partnership firm. Please advice the way and option.
Thanks in anticipation.
Regards
Form 15CA and Form 15 CB