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
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
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
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??
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.
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.
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
Sir,
I have purchased debt mutual fund in 2014 and want to sell(Redeem) in February 2025.)
What will be tax liability
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)
Input Tax Credit, GST refunds and Recovery of refunds- Roadblocks and way outs
GST LIVE Certification Course - 43rd Weekdays Batch(With Govt Certificate)
Is TDS Applicable on issuer fee and Annual fee charged paid to CDSL