Chandra Kala
This Query has 1 replies

This Query has 1 replies

19 November 2024 at 15:34

Tax audit limit for LLP

Is tax audit necesarry if the business income is less than 1crore but capital gain is more than 10 crore for LLP


Leo A/cs
This Query has 1 replies

This Query has 1 replies

Our Co's is participating in an exhibition and for this we need to pay payment for Rs.75000.The exhibitors is Government body. My query is doe we need to deduct TDS or not.

Regards


Kunjan
This Query has 6 replies

This Query has 6 replies

indian resident buys flat from nri seller.

remitter (indian resident/flat purchaser) has to file 15ca from his income tax login or nri seller of flat has to use nri seller's login?

my view--> remitter indian resident purchaser has to apply for 15ca before making payment to nri.
but next q , who will appoint ca for 15cb ? remitter or non resident remitee?
my view--> for appointing ca , remitter/indian resident buyer will appoint and accept 15cb. am i cwrect?


mahendran
This Query has 1 replies

This Query has 1 replies

18 November 2024 at 12:12

Notice under 143/1 and 154

I had received a notice under 143/1 for the a
ae 2024-25 FOR payment of tax @rs.17285 and interest Rs.1900/-

I had sent a rectification request because I was not liable to pay any tax for my total income of Rs.5,02,690/- for the financial year 2023-24. The break up of income is Rs.1,10,797/- short term capital gain and Rs.3,91,890/- being agriculture income shown as income from other sources.

I received a nortice under 154,ignoring my rectification request asked to pay same amount of tax again.

I dont know,why I was asked to pay tax for this total income of Rs.5,02,690/-

I had made a complaint filed at grievances. can anyone guide please. what are the remedies if any available to me now.


PRASANNA KUMAR
This Query has 2 replies

This Query has 2 replies

18 November 2024 at 11:27

TAXATION ON ESOP GIVEN BY FOREIGN COMPANY

Dear Sirs,
My son is offered ESOP every year which is a non-listed foreign company.
They buyback stocks at regular intervals and pay cash to their employees, which is not a part of the CTC.
Kindly advise how the capital gain is calculated and it's taxed.
Thanks for your kind answer.
Prasanna


Sagar Panchal
This Query has 5 replies

This Query has 5 replies

18 November 2024 at 11:09

TDS U/S. 194NF

Dear Sir/Madam

A client's TDS is deducted 1,24,705/- U/s. 194NF on transaction of cash withdraw from bank of Rs.6,23,523/- @20% which was updated after July 2024 in my 26AS, now can I claim the TDS to my revised return and get refund?


Daya
This Query has 1 replies

This Query has 1 replies

17 November 2024 at 22:24

What is paid meaning under form

what is paid meaning under form
26QB
26 QC
26 QD
under income tax
here paid meaning inclusive of paid to party and TDS amount.


Daya
This Query has 2 replies

This Query has 2 replies

at the time of making provision of income tax
we passed entry
income Tax Account Dr,
to Provision for income tax
but at the time of adjustment it
can we pass journal entry
Provision for exp. Dr
To TDS A/c
TO TCS A/c
To Advanve Tax
to Self Assessment Tax
is it correct entry.


TAILOR NAGENDRA REDDY
This Query has 1 replies

This Query has 1 replies

17 November 2024 at 21:41

Number of years vs one appeal

Dear Sir, Appeals are to be made( CIT Appeals or JC Appeals), year-wise only, but not the clubbing two or more years in one appeal ie. in Form 35 or 36. Is it correct sir


kailash choudhary
This Query has 3 replies

This Query has 3 replies

17 November 2024 at 15:11

Capital gain consideration

I booked a villa in March 2022 from a builder and secured a home loan in March 2022 based on the agreement. As per the agreement all installment of payments was made on time .The villa was registered in July 2024 after completion of construction . Now, I am selling the villa in November 2024. What will be the applicable capital gains tax—long-term or short-term?






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