Our proprietor's wife bought a land and building worth 94 lacs. The land value is 20 lacs and building value is 70 lacs. Does TDS needs to be paid in this case.

Refund of ITDS is not allowed vide Updated Return. But whether tax liability can be set off from ITDS ?

as per income tax act -- buy back of shares -profit is taken
as exempt
pls guide when there is loss in buyback of shares
how should we treat it--
long term/short term loss or otherwise
pls guide
thanks

Sir, my daughter is an NRI holding an NRO account in India. Her bank deducted ₹2000 TDS for fy 2023-24. My query is 1. Can I file ITR 2 on her behalf as she shared her login credentials for accessing the portal.
Query 2. She is privately employed in UK, so does not have TIN. She is holding Indian passport. Please advise what should I mention as jurisdiction of residence and TIN.

Thanks

I have given a loan of Rs1800000/ from my proprietorship firm to a individual and he returned back me Rs600000/ in may 2023.Now he is not returning balance money to me and denying me receipt of any money although all transactions are done through banking channels. How can I recover my money by informing income tax authorities? Please advise?

How to reply of the show cause notice for imposing penalty u/s 270A.

Dear Sir/Madam,

We are transporter, most of transporter(vendor) gives declaration for non deduction tds (vehicle does not exceeds ten).

What is the exact rule when vehicles exceeds ten in current FY or previous FY ?

Most of the vendor issue mentioning previous year (2024-25) (01-04-2024 to 31-03-2025) is it correct ?

And also declaration u/s 206 AB is mandatory to obtain from the vendor.

Please clarify

Thanks & Regards
Lingam

what is the tds rate on sac code 998315

This scheme has only predefined replies but there is no chance for us to explain where we had shown that particular income in ITR. Eventhough we have shown the income in ITR still there is a mismatch. How to response to it?

My fno turnover is less than 1 crore and i have made a loss,i also have proprietorship firm for which i file under sec 44AD presumptive income.is audit mandatory to claim loss next year