ATUL
This Query has 4 replies

This Query has 4 replies

ATUL B SHHAH (KARTA) OF...BABULAL RATANJI SHAH (HHUF)......MOB-90829 21706 EML...LOOK4U@REDIFFMAIL.COM

I,KARTA..60YRS....HHOLDING BELOW....HHUF...PAN NO

AS HUF...PAN NO BECOMES...IN-ACTIIVE...MY FINANCIIAL TRANSACTIONS STUCKS........

AFTER APPROCHHING..IIT-DEPT.......
SAYS...PAN NO ACTIVE......II HHAD PRODUCRED PROOF ...IT IS..IIN-ACTIVE...

THHEY HHELP-LESS...& NOT IDEA ...HHOW TO SOLVE IT....

KIINDLY ...HHEP ME...& INCOME-TAX DEPT....TO SOLVE PROBLEM ???


BRIEF...MY HHUF PAN NO...SHHOWS IN-ACTIVE.. (LATEST....PRROF-AATACHHED..IT-DEPT..GIVEN IN WRITING...IT IS ACTIVE....(PROOF ATTACHHED)


HUF..PAN IN-ACTIIVE...DT 11-04-2024

HHERE......SCREEN SHHOT...NOT ALLOWED TO PASTE...


SUDHEEP M
This Query has 1 replies

This Query has 1 replies

07 August 2024 at 16:11

TDS u/s 194R and GST Liability

Sir,

One of my client received 10 mobile tab as sales promotion under a credit note. This credit note specifically mentioned that it was sales promotion expense and TDS was deducted under section 194R and no GST was collected in that credit note. Then I want to provide these mobile tab to one of my customer under a credit note which was in excess of Rs. 20,000. Then I want to know whether the credit note I am proposing to issue was liable for GST or Can I issue the same without GST in the same way as issued by the supper. But I think I would definitely required to collect TDS under section 194R in the credit note I am proposing to issue. Please clarify regarding the GST Applicability and TDS


jagdish ahuja
This Query has 1 replies

This Query has 1 replies

as per income tax act -- buy back of shares - profit is taken
as exempt income
pls guide when there is loss in buyback of shares
how should we treat it -- as long term/short term loss
or otherwise
pls guide
THANKS


Siddharth Kishan Mane
This Query has 3 replies

This Query has 3 replies

I had old Bunglow which was given to a Developer for development for no money consideration. The term was that the Builder should give me 45% of the Developed property for my own use both residential and commercial. What is the Tax liability under LTCG?
The old property was purchased in 1978 and development Agreement is in Jan 2018.


Abhinav M
This Query has 2 replies

This Query has 2 replies

I am a salaried individual and my employer deducts professional tax of 2500 every year. The same is deductible under Salary head while filing IT Return.

Now if I were to start freelancing activity, wherein if I were to setup proprietorship firm with UDHYAM, trade licence, GST etc. do I need to additionally enrol myself in professional tax?
I am asking the query since I am already paying professional tax as salaried individual. Do i need to pay two times? My PAN should already be recorded.
Moreover, I have heard that those who have registered under GST in West Bengal would need to pay professional tax, irrespective of turnover. Is that true?
What will be the implications?


Mohith Guptha
This Query has 2 replies

This Query has 2 replies

11 April 2024 at 18:31

TDS on Sales & Purchase

Dear Sir/Madam,

Request to clarify that the TDS of 0.1% on sales to be deducted by the debtor after crossing the taxable limit of 50 lakhs every financial year and remit the payment to us or he should continue to deduct the same as regular from last year sales which has crossed 50 lakhs.

Thanks in advance.

Regards
Mohith


Mahabir Prasad Agarwal
This Query has 1 replies

This Query has 1 replies

Due to some unavoidable circumstances , If a client failed to file his ITR since FY 2019-20, what is remedy for him ? His turnover in each filed year is between 1.00 to 1.5 crore and had substantial amount of ITDS also ?


Stephen Marks
This Query has 3 replies

This Query has 3 replies

Our proprietor's wife bought a land and building worth 94 lacs. The land value is 20 lacs and building value is 70 lacs. Does TDS needs to be paid in this case.


Mahabir Prasad Agarwal
This Query has 4 replies

This Query has 4 replies

11 April 2024 at 16:56

Updated ITR and refund claim

Refund of ITDS is not allowed vide Updated Return. But whether tax liability can be set off from ITDS ?


jagdish ahuja
This Query has 1 replies

This Query has 1 replies

as per income tax act -- buy back of shares -profit is taken
as exempt
pls guide when there is loss in buyback of shares
how should we treat it--
long term/short term loss or otherwise
pls guide
thanks






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