I had deposited excess TDS on Rent. Subsequently I had filed refund request. Now dept has asked me to submit Indemnity Bond. Can someone provide me the format in pdf format.

I have given loan to a proprietorship firm .what is tds rate for fy 2024-2025. Is there any threshold limit on interest amount? Is tds rate same for proprietorship firm or partnership firm? Please clarify?

Dear Experts,

TDS for rent exceeding Rs 50,000/- has been paid at 5% for FY 2024-25. Challan Form 26QC has been paid. However Form 16C has been issued considering 2% since date of deduction is 31st March 2025.

Please advice if we can apply for refund for excess TDS paid.

Regards,

Indian Company: ABC PVT LTD (Turnover 1500 Cr. INR)
Dubai Company: XYZ FZE (Turnover 500 Cr. INR) (Fully owned and managed by ABC PVT LTD from India)
As per POEM rule, XYZ FZE has been declared as Indian Resident.

Question:
If XYZ FZE is paying to any NON-RESIDENT, is it required to deduct TDS or is it required to collect form 10F, No PE Certificate and TRC?
Why such question?
XYZ FZE is located in Dubai, Service provider is located in other country (let's say Europe) and but since the XYZ FZE is indian resident as per POEM rule, all income tax act provision will apply to XYZ FZE.
Now, if we deduct the TDS then it will be like, Dubai entity is paying to Europe (assumed) entity in foreign currency after deducting Indian TDS. Will that be accepted by the supplier of service or the Government of service provider?

Kindly provide the justifiable solution to this issue. What is the right treatment to this transaction? Should the TDS be deducted or not?

Dear All,
Kindly let me know, if my wife received Rs.2,00,000/- in cash from my father (Her father-in-law) will it be taxable or not.
Thanking you
Regards

Sir,
Can someone please help?
My question:
My residential address has been changed within same state but in different city although it's not parmanent address. How can I migrate my PAN to a new AO in changed jurisdiction from existing AO where I used to live ?
Thanks

Respected Sir/Ma'am,

The details are as follows:

1) External Commercial Borrowings Loan Taken before 01-07-2023.
2) TDS as per 194LC 5% concessional rate is applicable.
3) PAN of Non Resident Not Available.

Kindly throw some light on TDS Rate, if Non Resident is not having PAN.

Will still be 5% concessional rate available or TDS should be deducted at Heigher Rate?

Thank You!
Yours Sencierely

by mistake, ca wrote figure in inadmissible remuenration instaead of admissble remuneration column 21c of 3cd
immediately, in oct 2020, 143(1) raised demand. after which ca revised 3cd stating inadamissible remueration as nil


however, demand is not dropped. should i file appeal or just objection via interface writing in text box that 3cd is revised now, please drop demand explaining error by ca will do?

my view, better to file cit appeal but its of asst.2021, i hope cit appeal will allow.

I sold my apartment today. Made a LTCG. property was purchased in 14th May 2002. whether indexation will apply. whether LTCG Tax 12.5% or 20% ? whether it has to be paid in this quarter or end of FY 25-26 during filing ITR?

Sir,

My CTC is 14 lakh. I use the meal card option which is 26,000 Rs deducted annually from my salary and 60,000 LTA which is also deducted from my salary. After deducting PF, meal card and LTA, my taxable income is around 12,31,000 which less than the taxable income of 12,75,000 as per the new tax regime so I am hoping there will be no tax deducted.

But my question is what happens when I get the 60,000 at the end of the year if I don't claim LTA and then my taxable income becomes 12,91,000. Does this mean I have to pay tax on the full amount?

I pay a rent of 25,000 every month but I don't have the owner's PAN to claim HRA so in this case, which tax regime do you suggest? I don't have any other investments.

Thanks for your help.