Facts of the case:

A. I the Landowner purchased a property being Land & Building vide Registered Deed of Conveyance in the year 1987.

B. In the year April 2021 I entered into a JDA with a Developer for construction of a Commercial Building on the above mentioned Property.

C. It is agreed that the Developer shall construct and handover to me 50% of the Constructed Premises to be constructed on the said Property..

D. I handed over possession of the said Property to the Developer in the month August 2021.

E. The Certificate of completion of the said project is expected in or around February 2024.

Queries:

1.Cost of Acquisition: In view of the Amendment made to Section 55 applicable from April 2021 whether I shall be eligible for stamp duty value or fair market value of my property as on 01.04.2001?

2. Indexation:
Whether Indexation is to be calculated as on the Year in which the Joint Development Agreement was executed i.e. April 2021 or till the year of the project receiving the Completion Certificate i.e. February 2024?

3. Full value consideration of Landowner: Whether Stamp duty value of my share in the constructed premises will exclude or include the cost of Land?
Kindly quote any case laws of ITAT or High Court regards to Query No. 3.

We had interior designed our new office. He had only made the designed, and the labour work and material was carried out by an altogether different contractor.

Can we charge 1% tds on the designing services, given the HSN code 998391. The vendor's CA has told TDS can be charged under contract.

Our company has organize an event of motivation for company staff, he is charged fees 1198000+18% = 129800, and he his mentioned "Consultancy Fees" on Invoice.

now Please tell me how tds will deduct on which section?? 194J-10% or 2% ?

Dear Sir,

If an Indian company paid yearly subscription fee to a foreign company, for view latest fashion of leather products on his web portal through login id which is provide by foreign company and received subscription fee yearly for that id.

Foreign company have an Indian PAN registered with his London (UK) address and no PE in India.

TDS applicable or not if yes then which section.

Form 10F & TRC required or not.

Need input on income tax calculation as my company allotted me ESOPS after deducting 30%
as i already vested my share and amount i got is again taxable in my income? or i can exempt the amount as tax is already paid while vesting the shares?
any input on my query will be helpful.

Thanks in Advance
Munesh

IF PROPERTY IS PURCHASED FROM NON RESIDENT THEN BUYER HAS TO APPLY FOR TAN NUMBER FOR DEDUCTION OF TDS?
IF SUCH THEN WHICH FORM UNDER TDS IS TO BE FILED?

Sir based on the facts and figures given below



An Employee who was working with a pvt company (coming under the purview of gratuity act) ,for the past 10 yrs resigned after working for 3 months in the fy 23-24


Gross earnings for 3 months- 300000
El encashment on resignation-150000
Gratuity-500000

Deductions

Pf -20000
Standard deduction-50000

He had chosen old tax regime at the beginning of the fy .Also no tds was deducted for the period april 23 to june 23.

Now gratuity and el cashment is to be settled.


1) Plz clarify if any tds is to be recovered.
2) Whether gratuity is to be included in the calculation of total earnings or not.

Please clarify at the earliest

SIR
MR A SOLD ONE LAND IN 2015 COST OR RS. 1,.65 LACKS. THE LAND HIS GET HIS FROM GRAND FATHER WILL. THE LAND PURCHASES AS ON 1880. HIS WORKING CAPITAL GAIN TAKE LAND COST PER CENT RS.5000/- BUT THE IT DEPARTMENT HAS TAKE INDEX COST RS.80/- PER CENT THE ASST -YEAR COMPLETED U.S 143 WITH DAMNED AS ON 15.12.2.023 . BUT HE APPLIED GUIDE VALUE FOR TAMIL NADU REG.DEPT . THE REG.DEPT NOT PROPER REPLAY FOR NOT RECORDS AVAILABLE . PL. GUIDE FOR PROBLEM SOLVE
THANKS

Sir - If services are taken by Indian company from Google for Map Services & service providing company is from Singapore , also company has submitted TRC , Form 10F declaration , No PE , what will be the tds rate.

MR A a non resident has a loss from house property around Rs 3.2 Lakh and has STCG of Rs. 3.90 Lakh and income from other source of Rs. 1.20 lakh. Can I set off loss from house property of Rs. 2 Lakh from capital gain only has there would be no tax liability for income from other source has it is below Rs. 2.5 lakh.