Sonali Koona

Is TDS Applicable on issuer fee and Annual fee charged paid to CDSL


SHAHNH
08 February 2025 at 00:18

Rebate u/sec. 87A

Hello!

My father is a very senior citizen earning between 10 to 12 lakhs from Dividend and Interest. Learnt that new rebate proposed is not available to them. Can anyone explain the logic for keeping only them out from the category of resident individuals as it's the only income from their hard earned money accumulated over the years.


Thanks in advance


Kollipara Sundaraiah
07 February 2025 at 19:53

Tax on treasury bills

Sir,
Assessess bought of treasury bills (t-bills) in January -25
Question:
Taxation of t-biils and income show in f.y.24-25 or f.y.25-26


pooja

If an NRI sells a flat to a resident in india,then whether indexation benefit is available to non resident as per finance act 2024.Pls clarify


SUNIL YADAV

Dear members

I am running a Restaurant and using E commerce operator platform i.e. Swiggy and Zomato shall i require to pay TDS on Commission. because they take Full amount of Commission and then reimburse final amount.

Further they also deduct TDS at 1% (0.1%) u/s 194O on sale amount.

Please suggest need to deduct TDS u/s 194H or not??


Malcome M Bandya

Dear Sir,

We have exported the goods to Korea, but they have done re-work on the goods we exported.
We are required to pay USD 32,400.00 for the rework charges now.
Can we deduct the TDS from this payment?

Thanks.


Rahul Chauhan

TRACES 26AS for AY 2024 to 25 correctly shows Tax Deducted at Source under section 192 deposited by TAN No. DELO02509D is Rs. 119080 and by TCS under section 206CL deposited by TAN No. DELC23000F is Rs.10040. This Tax total tax credit amounting to 1,19,080 and 10,040 totalling Rs. 129120 is correctly claimed in ITR2 for AY 2024 to 25. I have already filed rectification with return data correction on 04-02-2025 and still i have received the same demand outstanding. Kindly provide me assistance why my tax credit is being disallowed, inspite of entering the data correctly as per form 26AS.


binu sukumaran
07 February 2025 at 12:45

New update in 44AD

Sir.
I heard new update in Income tax for small business group.
1. No income tax for income up to Rs. 12 lakhs under new tax regime.
our business turn over is around 1.75 crores . and 100% online fund transfer . taxable income comes (6%) 10.50 lakhs . in this case ,whether need to pay income tax .
2. turn over limit is increase from 2 crores to 3 crores .
is it correct .
Please advise
with regards
Binu


Jayantilal Jain

Sir,
I have purchased debt mutual fund in 2014 and want to sell(Redeem) in February 2025.)
What will be tax liability


MATTA CHANDRA SEKHAR
06 February 2025 at 19:13

LTCG IN SHARES

Sir,

Please clarify:
Whether is it taxable if LTCG in shares exceeding the limit of Rs 1,00,000/- and below the taxable income(Assuming no other income)





CCI Pro

Follow us


Answer Query