When a resident buys property from an NRI what is a tax implication for both buyer and seller ?
Sir / Madam
Can any one update TDS applicability on below in view of latest judgements by various authorities -
Lease Line charges
Broad Band Charges
Internet
Mobile
Telephone Charges
Please quote applicable case laws
IS COMMISSIONER HAVE POWER TO ISSUE REFUND IF APPEAL FILED AGAINST RECTIFICATION ORDER UNDER SECTION 154 VIDE RETURN REPORCESS OPTION? IF WE FORGOT TO CLAIM TDS FOR LAST YEAR?
What will be the rate of TDS under section 192A in case of a person not completed 5 years of Job, withdrawal is more than 50,000 and has his PAN inoperative at the time of TDS?
Which ITR is to be used when I (Individual) have the following incomes:
1. Salary
2. Consultant income (eligible for Presumptive income under section 44ADA)
3. Share of profits from LLP (exempt u/s 10(2A))
Also, what is the due date for filing the return since I have share of profits from LLP. Kindly guide me. Thank you in advance.
For your information: All the above incomes are from the same LLP
Sir,
The it tax payer cash loan to relatives rs:15 lacs through on cash mode paid dt:10-1-25
After another date:10-2-25
Cash loan from relatives rs:15 lacs amount repayment through on bank channel mode received
Question:
Assessess above transaction violation of cash rules penalty imposed in it act.
Assessee has file income tax return for AY 2023-24 , but forgot to claim TDS. Now it want TDS refund how to claim?
Wheather assessee can file condonation of delays u/s 119(2)(b) or Form 71.
A person (Age 42) has a salary income of ₹6 lakh per annum and earns ₹50,000 as FD interest. Can he submit Form 15G to avoid TDS deduction on interest? If not, what are the alternatives to minimize TDS or claim a refund?
HUF PAN card was obtained few years ago, but HUF did not have taxable income above the threshold limit. So it never filed tax return and not assessed to tax. Karta now wants to dissolve the HUF by distributing whatever little assets - MF investment and bank balance- it has amongst the co parceners. Please advise the procedure to be followed from tax law point of view as sec 171 does not apply. What are requitements under Income tax act to be complied with under such situation?
Hello,
Could you please confirm if TDS needs to be deducted at 10% on hotel room rent if it exceeds ₹2,40,000 in the financial year 2024-25?
Input Tax Credit, GST refunds and Recovery of refunds- Roadblocks and way outs
GST LIVE Certification Course - 43rd Weekdays Batch(With Govt Certificate)
TDS and capital gain