one of our parent company in japan and raise invoice of material shorting charges. what tds section and rate applicable please explain.

Dear sir, Against the subeject notice we have replied accordinlgy. So, for the said assessemnt year what is last date for passing the order u/s 143(3).

Dear sir
Kindly guide on this issue
1) One client has land and building purchased in 1974 and 1.4.2001 value as given by SRO adopted. Falls under Sec 54F

2) The landover enters into Joint venture agreement in 2022 whereby total 5 units to be constructed, out of which 3 will go to owner and 2 will go to developer

3) 3 units for land owner got constructed by Developer for a cost of Rs7,80,00,000


4) Developer sold 2 units as UDS of vacant land during oct 2023

5) Consideration for landowner being

a) Monetary consideration Rs ,40,00,000
b) Sale of 2 UDS given to Dev Rs 1,00,00,000

Total Rs 1,40,00,000
6) Investment made

3 units involving construction cost Rs 7,80,00,000

7) Apparently the full value consideration invested in new building hence it would be exempt

8) In Sec 54 , if the entire sale consideration is invested in purchase/construction of one residential house within a period of 1 year before or 2 years after purchase and for construction 3 years.

9) My question is, since the client got 3 units as a consideration will he be hit by one residential house that one can buy/construct under sec54F

Dc Company hiring us to transportation of mining minerals for place A to place B. We don’t have any vehicle so we hired 20-25 transporter (which own less than 10 vehicles during the previous year) with vehicle to do this job and directly paid to transporter and booked as a transportation expenses in our books of account.
As per section-194c(6) if transporter own 10 or less goods carriages at any time during the previous year and furnishes declaration to that effect along with pan to the person paying or crediting such at time of payment or crediting the party, whichever is earlier.

Further dc co. Deducting TDS of (abc) of us.

Query-
1. Weather we will liable to deduct TDS third party transporter?
2. If we not deduct TDS on transportation expenses, it shall be allowable as an expenses at the time of audit u/s 44ab?
3. If we not deduct TDS on transportation expenses in above case what should the remedy at time of income tax notice or scrutiny?

Capital asset being tenancy right in home is.sold to another tenant.

My.view -- acquisition cost will be nil due to tenancy rights bought before 2001 for no cost (if no cost is incurred before 2001) ,so fmv cant be taken..

But my q is.. can we take cost of improvement over the years from 2001 till today? Like repairs etc?

My view yes..n just index that cost of improvement

My q is..can we take cost of improvement

Sir,
It assessess itr filed last 5years income and expenses details mentioned below
Income for 5years:35 lacs
Expenses for 5years rs:12,50,000/-
Net worth amount balance rs:22,50,000/-
Question:
Assessess investment amount in bank fd rs:30 ,50,000/- allowed in it act.

Dear sir

1) One client has land and building purchased in 1974 and 1.4.2001 value as given by SRO adopted. Falls under Sec 54F

2) The landover enters into Joint venture agreement in 2022 whereby total 5 units to be constructed, out of which 3 will go to owner and 2 will go to developer

3) 3 units for land owner got constructed by Developer for a cost of Rs7,80,00,000


4) Developer sold 2 units as UDS of vacant land during oct 2023

5) Consideration for landowner being

a) Monetary consideration Rs ,40,00,000
b) Sale of 2 UDS given to Dev Rs 1,00,00,000

Total Rs 1,40,00,000
6) Investment made

3 units involving construction cost Rs 7,80,00,000

7) Apparently the full value consideration invested in new building hence it would be exempt

8) In Sec 54 , if the entire sale consideration is invested in purchase/construction of one residential house within a period of 1 year before or 2 years after purchase and for construction 3 years.

9) My question is, since the client got 3 units as a consideration will he be hit by one residential house that one can buy/construct under sec54F

A NRI who have capital gain in sale of house in india and purchased an apartment in india and availed exemption u/s 54. NRI assesssee's father originally purchased the house in 2000 and by family partition during 2016 the NRI assessee got the above said house and sold it during Fy 2022-23 and same year purchased an apartment and claimed exemption u/s 54. He is a resident of United kingdom. He wants to file return of income in uk, He wants market price of sold house to file return their and compute capital gain in UK. During partition in 2016 the stamp valuation of the proprty is 25,00,000. I want to know cost of acquisisiton to be adopted in UK 2500000 or market value to be arrived by fixing registered valuer and find the value in the year 2016. In India we take previous owner value. The assessee says in UK the cost of acquisition to be considered only on the date when the assessee is owner of the propery.

Sir/Mam,

we are proprietor concern we required Tan No. What are requirement of documents to apply Tan and what is procedure, plz kindly explain

Thanking you,

I have booked a flat Jaypee wishtown Noida in 2010 for basic cost of Rs 47.5lakh. Subsequently, in betwen payment GST made applicable. Till date I paid approximately 49lakh in phases till 2017.(Say equal amount each year for simple calculation)
It is still not complete. I want sell it for appx 100lakh. What will be in incom tax liability.