1) If Investment is made in the property of value Rs 1.50 Cr in the joint name Mr. X & Y (wife)[ ratio of Investment 80: 20], then both Mr. X & Y or Mr. X should pay TDS on property.
If full payment Rs 1.50 Cr is paid to Builder by Mr. X & Y jointly without TDS on property & the Builder deducts TDS on behalf of Mr. X will do.
2) If P advances to Builder 90 lacs on which GST is also paid & TDS paid by builder on behalf of Mr.P. Agreement not yet registered & the value of the agreement will be Rs 1 Cr. Is it OK if Mr P pays bal Rs 10 lacs & GST before the registeration of agreement & Builder pays TDS Rs 10,000/-on prop on behalf of Mr. P?
Please give reply with implication.

Gains received on sale of
NIPPON INDIA ETF LIQUID BEES
NIPPON INDIA ETF NIFTY BEES
NIPPON INDIA ETF BANK BEES
NIPPON INDIA ETF GOLD BEES

are taxable under capital gains or dividend ?

Hi
Iam an individual tax payer. I have received a demand for late filing of TDS on Rent paid u/s 234E and Sec 200A (penalty). I have already downloaded the justification report from the TRACES website. Pl guide me how to pay this demand and where to update it for confirmation of the tax paid?

regards

Sir/Madam

I want to know how to calculate capital gain -long term/short term on sale of mutual fund
also want to know how to calculate cost of acquisition of mutual fund, if assessee was invested monthly of Rs.15000/- start 3 years back

In which section capital gain tax will show in ITR form?? form applicable??

A client sold the shares of a private limited company and earned Rs 25 lakhs as profit . These shares were purchased three years back. What is the taxation procedure on this profit? What is the rate of tax on the profit?

Can the experts give their opinion on this plea?

Dear Sir/Madam,

Assessee is proprietor running the business and such business incomes are declared under 44AD and profit is showed more than deemed profit.

Also Assessee has a F&O losses during year to the Tune of Rs.130,000/-

To put it more simple;

Salary Income 23 Lacs
Business income 65 lacs (declared under 44AD) profit shown more than 8%
F&O Loss - Rs 1.30 lacs

Is Tax Audit is compulsory for this case ?

Please advice us

Thank in advance.

Hi Sir,

I recieved 76000 arrear salary in the year 2020-21 which was transferred to EPF.
My questions are as follows-
1. Should I file 10E for this?
2.If I file form 10E, how can I calculate the tax ? In the year 2019-20, my salary income was 3.29 lks after all deductions and I had paid 1200 as tax.
kindly advice

Mr. X, a salaried individual, is agree to sell his truck (heavy goods vehicle) to M/s ABC Limited for its commercial purpose for INR 11,50,000/-. Though U/S 206C(1F) Mr. X is liable to deduct TCS from the buyer (M/s ABC Ltd.) for such sale but he does not have TAN. Must he apply for TAN for such single sale?

Dear Sirs,

I am using winman software for computation of income.
One of my relative has income from usa as dividend the tax was deducted.
Now i have confused where to enter the same .
Kindly give your valuable adivise
Thanks in advance
K.B.Nagesha rao

Respected elders,
wish all of u a very healthy , happy year of 2022.
My query. I had bought a bunch of shares , sold them in 10 months.-Paid short term capital gains. With this money, I bought 1 lac worth of gold coin.The shop chargd me 1.5 +1.5 % GST on this.. After 6 months I wanted to sell this gold coin. This time the jeweler did not account for GST & even reduced 3 % on the value ( of the selling rate on the selling day of the gold ).
Is this procedure correct or how do we avoid the loss.
VIJAYAKUMAR