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Dhiren Khatri
This Query has 2 replies

This Query has 2 replies

10 May 2024 at 02:25

26QB filing 2 Buyers 2 Sellers

Can someone help with below query?

Property 1 (Flat):
Sale value = Rs. 1.36 crore
Buyer = 2 people (equally split)
Seller = 2 people (equally split)

While filling out 26QB for each buyer, what is to be filled for:
1. Total Value of Consideration (Property Value) = Rs. 1.36 crore or 68 lakhs or some other value?
2. Amount paid/credited currently = Rs. 1.36 crore or 68 lakhs or some other value?
3. Total stamp duty value of the property = Rs. 1.36 crore or 68 lakhs or some other value?

Thanks in advance


Murali
This Query has 7 replies

This Query has 7 replies

09 May 2024 at 16:58

TDS on immovable Property-26QB

Sir

I mistakenly paid a 26 QB challan for land instead of building. Can I correct this and change it to building?"

Selected wronly land in place of building


CA Anmol Grover
This Query has 3 replies

This Query has 3 replies

09 May 2024 at 11:31

26Q filing for TDS u/s 194J

Payment made to Chartered Accountant for professional services provided by him on following dates:-
13/12/2023 Rs. 20,000.00 TDS not deducted as amount was less than threshold as per 194j
09/01/2024 Rs. 20,000.00 TDS deducted rs. 4,000.00(Rs. 2,000 on first payment+2,000 on second payment) on 09/01/2024 and deposited to govt. on 07/02/2024.
Now, while filing 26Q, how this 4000 has to be bifurcated for two payments?
If Q3 26Q is revised with entry dated 13/12/2023 & challan dated 07/02/2024 then interest will become payable on Rs. 2,000(on first payment) as the TDS should have been deposited before 07/01/2024.
Please guide on the above issue


BALAMURUGAN GOPAL
This Query has 2 replies

This Query has 2 replies

08 May 2024 at 17:58

TDS on car parking expenses

Hi

Can anybody help me out with the below query?

Is TDS applicable to car parking charges paid to individuals by the company?

Thanks in advance.


Madhab Chandra Mandal
This Query has 1 replies

This Query has 1 replies

31 May 2024 at 11:05

TDS on software rental charges

A recovery agent uses dialer for calling to customer. Rental charges paid for dialer and software used for calling. Does TDS applicable for such rent if Yes rate of TDS & under which section.


BALAMURUGAN GOPAL
This Query has 4 replies

This Query has 4 replies

Hi

Is TDS applicable to brokerage charges for commodity trading?

Thanks in advance.


Samir Jha
This Query has 2 replies

This Query has 2 replies

Can Maternal Uncle (mother's own brother) gift 7 lk.. without any tax implications?
(The purpose is to trnsfr this money (equivalent) to UK to assist in purchase of the property.)


Praveen Kumar
This Query has 3 replies

This Query has 3 replies

Dear Sir/Madam,
In last financial Year, I had transferred money of around 20 Lakhs in different different chunks on different different dates as per need from my HDFC Saving Bank Account to my Wife's S/B Account of HDFC where she is primary and I am joint in that.

1) Can Income tax department ask for reason as mandatory or optional later on for reason of transfer of money across the other account ?
2) Would it be taxable ? I got to know that transfer across relatives is not taxable. Pls confirm.
3) At what level , I may be required to show proof of this as a gift deed , Like a proper registry or a simple notarized affidavit or Just a simple plain gift deed declaration format signed by both of us along with a witness would be a sufficient proof to show later on.
Pls advise.


RAJ
This Query has 1 replies

This Query has 1 replies

IS TDS applicable on processing fee paid to NBFC ? please advise.
We have paid processing fee etc to NBFC , Should be required to deposit TDS on this Processing fee.


Vignesh Raja
This Query has 1 replies

This Query has 1 replies

31 May 2024 at 11:06

TDS-Foreign Exchange Conversion

Hi Experts

Do we have to withhold TDS on foreign exchange conversion fees offered by banks such as HDFC, JPMC, and CITI to their customers Inward Remittances






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