Umesh Jadhav
This Query has 1 replies

This Query has 1 replies

06 January 2025 at 10:44

Sec. 194J tds

194J thresholds limit 30000 hai, but yah per year hai ya single bill.
Per year hai to ek bill april mai mila hai and ek bill dec mai to tds deduction kaunse month mai dikhau.


Daya
This Query has 1 replies

This Query has 1 replies

what is short term and long term capital Gain Rate right now


binu sukumaran
This Query has 5 replies

This Query has 5 replies

Sir,
I have currently only income from sole business. Plan to purchase house through housing loan . can I get deduction for Housing loan EMI.
Please advise
Binu


Daya
This Query has 3 replies

This Query has 3 replies

what is TDS rate on employment news and Rating agency Like Crisil.


Daya
This Query has 1 replies

This Query has 1 replies

06 January 2025 at 10:21

Gift to employee more than 1Lakh

Gift to employee more than 1 Lakh Given , How much exempt in hand of employee and How much GST applicable on this amount


V Ishu Hegde
This Query has 5 replies

This Query has 5 replies

05 January 2025 at 21:26

Error AIS modification submitted

A an assessment has sold unlisted shares of Rs 7500000 to B a dealer in shares on which TDS under sec 194Q of Rs.7500 has been deducted mentioned as sale of goods business receipts A the assessee has modified it in the AIS to capital receipts which is incorrect and should be the other option Information is not fully correct .The return of income is correctly filed the sum of Rs.7500000 as sale value of the shares and deduction of cost of acquisition Rs 4000000 leading to capital gains of rRs. 3500000 .The assessee had recd the notice for modification in AIS but despite repeated attempts to modify the the feedback shows error and no modification could be done it allows modification only in the figs. Whethercorrection in AIS can be made after intimation of the return is made and what is the procedure for the same or any other option to correct AIS is available?


Kollipara Sundaraiah
This Query has 1 replies

This Query has 1 replies

sir,
It person cash loan to relatives amount rs:10 lacs through on cash mode after another date cash loan amount rs:10 lacs received from relatives through on bank mode.
Question:
Above transactions penality provision applicable in it act.


Daya
This Query has 1 replies

This Query has 1 replies

05 January 2025 at 16:59

Is turnover limit to obtain TAN No.

is any turnover limit to obtain TAN no. for individual,HUF, LLP and company etc.


Chahat Khanna
This Query has 9 replies

This Query has 9 replies

05 January 2025 at 12:47

87a rebate availment

I had filed my income tax return before 5th July availing 87A rebate on tax on stcg, however while processing the return, department has calculated demand on the same, now if high court in its judgement allows the rebate, what should I do? Revise the return or file rectification to process the return?
I had filed rectification to reprocess once and department had not allowed rebate that time.


futureplanner
This Query has 1 replies

This Query has 1 replies

Hi

I have purchased a flat in the year 2021 on my name.

Brief of my sale deed important figures

In the sale deed it's mentioned as total cost as
- Rs.21,15,00/-
This Rs.21,15,00/- has breakdown of
- Flat Area: 1020 SFT * Rs.2000 = Rs.20,40,000/-
- Parking Area: 100 SFT * Rs.750 = Rs.75,000/-

Now, I would like to sell it at Rs 5,500/sft.
Buyers want to go for housing loan and do digital payment or cheque.

Assuming if total sale transaction amount is transferred digitally would it attract tax?

If it attracts tax
- Can I get an exempt from capital gains if I purchase another flat in < 2 years let's say 2026/2027?

Other question is
Some of the interested buyers doesn't want add the actual figure in Sale deed to reduce their GST and stamp duty.
Assume "x" in sale deed and 2x is acutal sale consideration.
Then if the whole 2x amount is transferred digitally would it attract tax

What's the recommeded approach. I am looking forward to buy a flat in next 2 years would that help me to exempt from Captial gains though the whole sale amount is credited to my bank a/c digitally

Your valuable expert suggestion is highly appreciated.







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