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Is any interest payable under section 234A,B,C on late payment of advance tax on capital gain?
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Respected Colleagues
If a person wants to buy a flat (residential property) and required TDS deposit @1%, now following details below:
Registry Value - 60,00,000/-
Stamp duty value - 1,11,50,000/- (Above 110%)
Lump Sum deal
Now my question is, what should i mention in form 26QB
Total value of the property?
Amount paid to seller/credited?
Total Stamp duty Value of property?
and on what amount should TDS deducted?
Please guide
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There is Two long term capital gains:-
1)without indexation 2,90,49,884.03 taxable @12.5%
2)with Indexation 61,67,455 taxable @20%
for which 1,25,000 exemption is available for A.Y 2025-26.
So, now the question is against which capital gain exemption will be available?
And beneficial for an individual?
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if Rectification order passed by AO and if we already apply to ITAT Appeal against order of 250 of CIT(A) in reference to old assessment order under section 147, then we need to file form 36 separately for rectification order or not? if not then which order whether rectified or original order need to be attached in ITAT Appeal submission?
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I have query regarding TDS on freight payment if transporter own less than 10 fleet.
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What are the conditions to be followed by a presumptive tax payer, i have received Rs. 15 lakh in my bank account as part of an occasional business transaction by google pay, in this case is it possible to file my return of income opting presumptive taxuation. Moreover i have normally salary income
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Indian LLP receiving Advertisement service from foreign company , there is no any establishment in indian if the llp when make payment to foreign company TDS is applicable for this transaction
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Dear all,
could we collect all four installments of fee in cash (per quarter fee is more than 1 Lakh per child). or else it will counted as one academic year equal to one event.
Please guide. Thanking you
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Hello, For trade unions there is a collection of 2 amounts one is membership which is collected one time in life and other is subscription fees which is collected every month. I want professional advice on the classification of the above incomes. Membership fees would be capitalized as corpus fund, but or subscription fees should we classify it under income from other sources and make it exempt as per 10(24)? There is no other income of trade union.
This Query has 3 replies
My father purchased Nippon india focussed equity fund on 28/03/2006 worth 30000. He expired in 2023 and being a legal heir as his son,those units were transmitted in my name in May 2024 which I redeemed fully in August and September of 2024 in staggered manner. What would be my tax implications as I've to file ITR for AY 25-26 ? The transactions is getting displayed in AIS. Help please.
Thanks
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Regarding advance tax on capital gain