Dear Sir,
Mr. X is an NRI owner of a flat located in Mumbai. Ms. A is a tenant who will pay a monthly rent of Rs. 70000/- into the owner's NRO account. She will deduct TDS at 31.2% and will deposit it before the 7th of the next month, also will file the quarterly 27Q TDS return.
My query is:
1) Is Ms A required to generate Form 15CA and 15CB for each monthly rent payment, even though the rent will be paid into an NRO account?
2) What are other precautions to be taken in rental payment to NRI Owner?
Kindly guide.
Regards
Suraj
Respected sir/s,
one grand mother transferring Rs.50 lakhs to her daughter as gift from her sources, is it liable for income tax in the hands of recipient hands,
please inform me
Dear sir,
MR. A Is running proprietorship firm, audit is also being done u/s 44AB, Mr A have paid Rs. 150000 commission for selling his personal property.
Is tds u/s 194h attact? Provided commission paid on account of selling his personal property.
Thanks
Note that last Quarter we have deducted & deposited TCS@5% on SCRAP sale from only one party because party does not provided his PAN Number for the Month of Dec,2025
Now how to fill 27EQ return without PAN Number because for this above quarter as per our return only one deductee .
IS the irrevocable clause still necessary in the trust deed after the Judgment of Bombay HC in
The Chamber of Tax Consultants & Ors Vs Commissioner of Income Tax (Exemptions) & Ors -- WP (L) NO. 7587/ 2026 --- dated 09-03-2026 --- 2026:BHC-OS:6814-DB
If a person gives agricultural land on lease for solar power generation, is the lease rent exempt as agricultural income u/s 10(1)or taxable under the Income Tax Act?
Under which head of income will it be taxed and whether TDS u/s 194I is applicable?
Also,is there any other exemption or benefit available under the Income Tax Act for such income?
We file income tax under section 44AD and are traders. Is section 43B(h) applicable to us?
IF TDS IS DEDUCTED U/S 194S CAN WE SHOW SUCH TURNOVER IN ITR UNDER PRESUMPTIVE INCOME? IF AN INDIVIDUAL IS REGULAR TRADER OF CRYPTOCURRENCY.
What is the Tax rate and surcharge rate for discretionary Trust for AY 25-26?
one grand mother is willing to transfer an amount of 50 Lakhs to her as a gift with love and affection on her grand daughter to survive herself in future, since she is no support of father, only mother is caring now,
is income tax applies on said cash gift to donee, since doner sold out her house property, out of said source she willing to transfer said amount.
please guide me in this regard.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Requirement of Form 15CA CB - Rent payment