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If there is demand for short deduction of tds of in-operative pan deductee (TDS on Contractor - 94C) , for which we had made payment with interest for the demand before circular 6/2024 issued. How to adjust this payment of tds against demand for short deduction?
This Query has 2 replies
T_FV_6351 Applicable and Mandatory For Financial Year 202324 onwards 'Other special allowances under section 10(14)'
I have received this error when revised TDS return 24q filing
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how to solve
T.FV.6351 Applicable and Mandatory For Financial Year 202324 onwards Other special allowances under section 10.14
This Query has 1 replies
Sir, TDS is to be deducted for freight paid exceeding Rs. 1.00 lac to any single party. If upto Dec.2023, paid only 80,000/-(all payments below 30,000/-) but in March,2024 paid 40,000/-. Whether TDS to be deducted on cumulative total of 1,20,000/- during 4th qtr. If yes, then what about late fine and Interest payable on previous payment ?
This Query has 2 replies
Dear Expert,
The assessee has filed his returns all these years up till A.Y. 2023-24 under the old regime. He has income from other sources and small profit from Futures and Options which he declares under business income. From A.Y. 2024-25, default regime is New Regime. However, he wants to continue to file his return under old regime as that is more beneficial to him for A.Y. 2024-25.
I suppose he is required to file Form 10IE before uploading his income tax return. Am I right in this case? Or as he filed all his previous returns under Old Regime so he does not have to file form 10IE?
Please advise.
This Query has 5 replies
Sir/Madam
Is any capital gain tax payable by me if i transferred some share to my wife account in fy 2023-24??
Date of Sale is transfer of share to my wife's demate account??
Please guide me.
This Query has 3 replies
error: deductions us 54F claimed here should match with total of deductions claimed in respective assets. i have ltcg in mutual funds which i invested in my first residential property whose cost is more than total sale value of mf . i get this error whether i fill total sale consideration or ltcg. please help
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Old age home Trust is receiving a consideration from guardians (of that old age people). Is that consideration treated as Donation? If yes what if that donation returned to donee.
This Query has 6 replies
Dear Sir/Madam
I have following questions of non-resident individual.
1) He has house and other property in India and want to sell all property and he want to transfer all fund received ag. Sell of property in his NRO Bank account then he want to file his tax return in india and tax payable at which rate?
2) He has balance in saving bank account in India and he want to transfer his fund in his NRO account then is any tax payable by NRI?
This Query has 4 replies
1) T_FV_6351 Applicable and Mandatory For Financial Year 202324 onwards 'Other special allowances under section 10(14)'.
2) T_FV_6354 If 'N' is selected for field 'Whether opting for taxation u/s 115BAC? OR Whether opting out from taxation u/s 115BAC(1A) (Applicable from FY 2023-24 onwards) [Yes/No] ', then no value should be specified under this field for statements from FY 2023-24
a) Travel Concession or assistance [section 10(5)]
b) House Rent Allowance [Section 10(13A)]
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TDS demand for short deduction of tds of in-operative pan