1) Is sale of Tenancy Rights liable for LTCG (capital gain tax)?

2) If yes, How to calculate Cost price? Is there something like FMV (fair market value) that can help to arrive at cost price?

3) Do you have to pay 1% TDS similar to normal property transaction?

4) Can you invest money received to buy an underconstruction resedential property and get LTCG tax benefit?

Sir,
What is the TDS Q-4 Payment & Filing Due Date for Fy 22-23 Sir

Sir, I need guide on Reimbursement of Expenses to Employee.

My Client reimburse Travelling, food, Hotel expenses to their marketing employees. However, this expenses are not a part of employee CTC. But, the amount is credited into employees bank account.

So, whether the same amount shall be included while calculating TDS on Salary ?

While filling form 26QB, should the "Total Stamp Duty Value of the Property" be divided amongst buyers as the case with "Total Value of Consideration"?
To explain, consider the total value of the property is 1.2Cr and there are two buyers.

While filling up form 26QB, as per my understanding each buyer must report 60L as the "Total Value of Consideration", but the question is, should each buyer report 60L each as "Total Stamp Duty Value of the Property"?

The problem is that, if 60L is reported as the "Total Value of Consideration" and 1.2Cr as the "Total Stamp Duty Value" then the form errors out with the message "TDS Amount entered is incorrect" as in this case, the TDS amount per buyer comes out as 1.2L each whereas it should come as 60K each.

If I chose 60L as both "Total Value of COnsideration" and "Total Stamp Duty Value", then the form let's me proceed ahead.

Is selecting 60L for both the values correct?

Please advise.

Dear All,

There is a cash balance 0f Rs 34 lakhs in partnership firm , there is no cash deposits during the year.

please advise

I am a salaried individual and planning to create a HUF.
1. Will that be fine to transfer my post tax savings from salary to HUF bank account and create FD's there?
2. Will there be Income clubbing applicable for me on FD interest from HUF account? The FD would be created using the amount received from my salary account.

Hi,
we are trying to file our TDS returns 24Q and 26Q but the latest RPU 4.5 file download is showing error404 and not getting downloaded from the tin nsdl website. Is there any other way or website to download it from?
We dont want to incur more late fee due to this.
Please help

I hold a joint property with my wife where we are residing. Wife is planning to have another property registered on her name only in same city.
Can she show that singly owned property as self-occupied while filing returns without any tax implications?

My daughter took admission in MBA course and the amount paid through education loan and the EMI is paid from her savings account :
1. Can I show this amount in my 80C ?
2.The deposit slip is not showing how much tution fee and how much other fee so in this case how much can show as tution fee ?

Sir,
A Doctor professional income gross receipts rs:25 lacs .but cash balance huge amount rs:15 lacs at end of financial year march-23.
Sales of medicines for pharmacy business turnover rs:90 lacs yearly but cash balance amount rs:10 lacs finical year ending.
Question
Cash balance huge amount any limit provision applicable in it act