is the calculation of tax is different for them, and in turnover we include both favourable and unfavourable trades, why ?? Is any expenditure we allow them to deduct from profit?

I am purchasing a property. There was an existent house which has got demolished and flats are being built in that land. There is a land agreement for 28 lakhs (for uds part) and construction agreement for 80 lakhs and both have been registered. The existing house has been demolished and construction is underway. As per 194IA, TDS is to be deducted if the sale consideration of property is greater than 50 lakhs and I have informed the builder on the same that I will deduct TDS on payment. However, his auditor's view is that land is the immoveable property which has been sold and is less than 50 lakhs and hence not applicable and also service tax has been paid on construction cost treating it as services. Please confirm whether TDS is applicable and I need to deduct 1% on the payments I make as the total consideration is greater than 50 lakhs.

Hello All
I want your guidance in regards to the capital gain scheme account.
My client has deposited a amount of his capital gain on sale of property in the capital gain scheme account for 1 year for taking exemption u/s 54 on 31.7.16. and he sold the property in Feb16.
But he is not able to take other residential property within 1 year from the date of sale , can he extend time of the FD done in the capital gain scheme to another 1 yr?
What will be shown in the return for the assessment year 2017-18?
Pl advise.
Regards

what if an individual, not falling under income tax audit, inadvertently deducts and pays tds while making payment of interest to unsecured creditors?? Is he required to deduct the tds in subsequent years also??

Is the meaning of property given under Section 56(2)(vii), exhaustive or inclusive?

sir. village panchayat received a letter from income tax for non filing ITR for cash deposit more than 10 lakhs in saving account . is it necessary to file ITR by panchayat ?

Suppose A is a sub distributor of BSNL easy recharge. He has a turnover Rs 50 Lakhs. He is earning Rs. 25,000/-. On his earning no TDS was deducted. Now my question is that whether section 44AD will be applicable in this case and his earning will be assumed 8 ℅ * 50 Lakhs = 4 Lakhs.

Dear Sir,
A Partnership Firm which is going to form on 01.04.2017 and as such the Partnership Deed was made on that date. The question is can the Partnership Firm apply for the PAN Card now.


Thanks,
Abhishek Roy Choudhury.

Dear Sir,
A Partnership firm which is going to form from 01.04.2017 and as such the partnership Deed was made on that date. The question is whether the Partnership firm can apply for PAN Card now.


Thanks,
Abhishek Roy Choudhury

hello, Sir our hotel works as LLP, in MP, pays commission to Make My Trip and Goibibo etc on hotel booking. I receive bill for the commission plus service tax which is 15℅ with no abatement as per amended provisions. My query is whether I need to deduct TDS and if yes under which section and at which rate. (194-c, 194-H, and what will be the exemption limit) please guide