Suppose Mr. X is a digital signatory in a Company for issuing Form 16 and submission of TDS return 24Q. Now, if any misstatement or concealment of fact happens in the TDS return 24Q, how far the digital signatory will be held responsible for that ? Will he/she be subject to penal proceeding or prosecution ?

Can a Director lease out the house to The Company and live in the same house?? Rent/lease amount is as per market value only. The Company is closely held company and Director is the shareholder of the Company as well.

Can this arrangement be done? If there is any impact in Company's act also Kindly let me know?

I sold open plot of land in 1.40 crore. Indexed Cost of purchase is 0.24 crore. LTCG is Rs. 1.16 Crore. I want to save capital gain tax by following exemptions.
I have purchased Tax Saving Bonds (54EC) of Rs. 50 Lakhs and want to purchase new residential house value of Rs. 70 Lakhs (Sec 54F) . Thus total investment comes to Rs. 1.20 crore.

Queries
1. Can I claim both deduction u/s 54 F & 54 EC ????
2. If investment in bonds partly and investment in new residential house party is possible??

Please help.

A Pvt Ltd Company gives a loan B Ltd Company. C Ltd Company holds 100% shares in B Ltd.
In A Pvt Ltd, an individual shareholder possesses a 40% stake and concurrently holds a 17% share in C Limited. Simultaneously, the spouse of this individual shareholder, who owns 10% of A Pvt Company, also holds a 15% interest in C Limited.
Whether this scenario falls within the purview of Section 2(22)(e).

Sir,

I want to know the applicability of TDS under section 194C / 194R. My company have availed package tour of Rs. 20,00,000 from a tour operator. Invoice was raised in the name of the company by the tour operator. As it was a package tour liable for TDS under section 194C and the same was deducted by the company. But this package tour we are proving to the architects each case it was exceeding Rs. 20,000. Here, I want to know whether TDS under section 194R was again applicable in this situation?

Hi All,

I am in discussion with an NRI (settled in Singapore) for buying his flat. The property is located in Bangalore.
As I read from several articles online, TDS deduction should be about 22% which in turn impacts my discussion with the seller.
Could anyone please explain me about the TDS calculation?

Hi,

I have currently 2 home loans going in my name. One of the properties is self-occupied & other is currently vacant. Interest outgo is more than Rs. 2,00,000 per home loan (even after considering notional rent for second property which is vacant). My question is, if I want to claim tax benefit on the interest paid, will it be 2 Lac for two properties combined or 2 + 2 i.e. 4 Lac for two properties ?

I have sold my house, and purchaser has deposited TDS under section 194IA.

So can I show this as my investment declaration to reduce my TDS Liability deducting from Salary.

I mean my annual TDS liability is 100 Lac and TDS is reflecting in 26AS u/s 194IA is 50k.

So can my company charge only 50k from salary ?

Is this possible ?

please guide.

Hello,

Maximum Time limit for a.y. before 2020-21 is 6 years or 10 years

I have entered into agreement for purchase of flat on24.02.2020 and amounts are paid through bank loan.Flat is not registered in my name.
Occupancy / possession taken on 08.06.2022 .
I have sold the flat on Sept 2023.The sale deed shows my name under "Consenting witness"and not as VENDOR.
Buyer has deducted TDS in my name even though flat has not been registered in my name
I have capital gains of Rs.20 L on this transaction
I have entered into other agreement for purchase of flat on Oct 2023 and paid entire cost of flat.
Can it be treated as long term capital gain and can I claim exemption under section 54 / 54F