WHETHER THE THERSHOLD LIMIT FOR RENT ON IMMOVABLE PROPERTY OF 2,40,000/- IS PER PARTY?
IF SUCH RENT EXPENSE EXCEEDS THERESHOLD LIMIT OF 2,40,000/- IN ANY PERTICULAR FINANCIAL YEAR BUT TO 2-3 PARTIES TDS WOULD BE APPLICABLE ON SUCH EXPENSE?
Repayment of loan includes interest accrued on such loan is deductible from accumulation of income u/s 11(2) of the IT Act
Sir, I have file my return of income tax after due date. My query is that
1) Can I file revised return even though i filed after due date?
2) Can I change ITR in revise return?
Kindly clear my doubt. thanking you.
Hello Experts..
Just want to confirm the time limit for e-verification.
Whether the 30 days time limit is including or excluding the date of ITR filing
Thanks in advance
I have Purchased a property worth Rs. 2 crores. jointly with my father, and i have registered a agreement to sell on 09.06.2023 with advance amount of Rs. 20lacs and there t deducting TDS @ 1% on same Date.
But the property was going to be registered on 04.09.2023, i have deducted TDS @ 1% on balance Rs. 1.80 crore. on 21.08.2023 on the assumption that the seller pan is linked to aadhar but the seller is non filing assess and has not linked PAN with AADHAR.
i had Received a notice from TDS Department on 23.08.2023 that i have to deduct 20% TDS ob Balance Rs. 1.80 crore.
Now on 29.08.2023 seller AAdhar PAN is Linked.
can approach AO for same as PAN is linked and Plese wavie 20% as i Have already Paid 1% TDS On Sale of Immovable Property.
Please Reply at the earliest with best solution
Whether Financial Statements of Non-Corporate Entitles are required to be prepared as Schedule III format while attaching financial documents along with Audit report under section 44AB?
How many employees required to get registration for Corporate NPS ??
What is the procedure for Corporate NPS Registration
Sir,
I have Short term Capita gain from Mutual fund so during filling ITR-2 i have to selected only Capita gain schedule 111A short term or can i need to selected schedule 112A long term Capital grain also
Please advise
I have taken under-construction property and both the seller name is there on the property assignment but only one seller has made the payment. I am transferring amount to one seller , Should I take NOC/Affidavit from seller in this transaction ?
Bank is ready to disburse loan on one seller name and just asked to drop mail to bank manager from the seller emailId.
Where a Non Resident buys Immovable Property (situated Outside India) from a Resident of India, Whether provision of TDS u/s194IA will be applicable? The plain reading of this section does not specify the location of property and thus seems to be applicable. But practically, how the provision of Income Tax can be enforced in such cases?
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
TDS APPLICABILITY ON RENT OF IMMOVABLE PROPERTY