CA Parul Saxena
This Query has 2 replies

This Query has 2 replies

11 September 2024 at 12:02

Sec115baa query urgent

What if a company opts for section115baa...then interest on Fixed deposit would be taxed at 22% or 25%...and if company has rental income too then deduction under section24 would be allowed?


binu sukumaran
This Query has 2 replies

This Query has 2 replies

11 September 2024 at 11:56

Can get refund if ITR filed after due date

sir.
one of my owner has Refund during 23-24.Due some other urgent matter unable to file return with the due date 31th Jul .
If she filed now can get refund
Please advise
with regards
Binu


Rakesh Mital
This Query has 1 replies

This Query has 1 replies

11 September 2024 at 07:55

Long Term CG

I have a Rs 25 lacs LTCG on sale of residential property. Can I offset that gain by long term capital loss booked on sale of shares in the same year. Thanks.


Mahabir Prasad Agarwal
This Query has 5 replies

This Query has 5 replies

10 September 2024 at 15:30

Partnership Firm & 44AD

Can we declare income u/s.44AD of a newly formed partnership firm for FY 2023-24 ? And can we also further deduct Salary and Interest on capital paid to partners in a non-audit case ?


Jaya
This Query has 7 replies

This Query has 7 replies

10 September 2024 at 12:14

TDS amount Mismatch

In the intimation of the Income Tax Return (ITR), it is stated that Form 26AS contains only a partial amount of TDS/TCS with respect to the TAN mentioned in Schedule TDS 1/TDS 2/TCS. However, the amount in Form 26AS is the same as the one I claimed in the ITR filing. What should I do if the filing was processed without a refund?
In the form 26AS the entries are tagged as F . Also I have the form 16 from the deductor.


Mahesh S M
This Query has 4 replies

This Query has 4 replies

10 September 2024 at 10:05

TDS amount Mismatch

In the intimation of the Income Tax Return (ITR), it is stated that Form 26AS contains only a partial amount of TDS/TCS with respect to the TAN mentioned in Schedule TDS 1/TDS 2/TCS. However, the amount in Form 26AS is the same as the one I claimed in the ITR filing. What should I do if the filing was processed without a refund?


Kenil Satra
This Query has 3 replies

This Query has 3 replies

09 September 2024 at 18:18

Is TDS applicable on listing fees?

Is tds applicable on listing fees paid to retail store by vendor to sell their products in the respective retail store? For e.g.: A retail chain store XYZ charges Rs.50000+gst as listing fees from Vendor A to make available his/her/their products in the said retail chain store XYZ.


Deepak Londhe
This Query has 1 replies

This Query has 1 replies

09 September 2024 at 17:00

TDS on Stipend Payment

We are paying stipend of Rs. 10,000/- to one professional.

So is this payment liable for TDS deduction ?


Rejiesh 106
This Query has 1 replies

This Query has 1 replies

An Employee is having taxable income from his salary. But he is requesting his employer to deduct tds on salary income after considering his tds credit from sale of this property i.e., If the employee's salary tds is ₹.1.50 lakhs, he is asking the employer to deduct only ₹. 50k, because the buyer of his property has deducted tds of ₹. 1.00 lakh from him and the same is reflecting in this 26AS.

I question is whether the employer should accept the employee's above request.

Please help ..

Rejiesh


SUDHIR VARDHAN
This Query has 1 replies

This Query has 1 replies

The father/mother are very old and now wants to transfer his/her stocks/shares (original cost Rs. 45000 Current market value Rs.70 lacs approx.) to one of his/her daughter (there are two daughters only). What would be the tax & stamp duty implications and on what value. Please note that since its a gift therefore there is no consideration involved in the transfer of the stocks/shares. Also, what disclosure is required at the time of filing annual return in the Income tax form by the daughter. Pls advise.
PS: Is there any tax implication on the donor father/mother who is retired and Super Senior Citizen.






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