Sir.
One of my friend has local and export service. While calculation taxable turn over ,export of service is exempted or add to total turnover in the case of Income taxable payments uder 44AD.
Please advise.

Date of purchase of unger construction property 1 is Aug 22. If I sell Property 1 in Sep 24 (i.e. more than 24 months) will this be considered under long-term capital gain & can I reinvest this capital gain in under construction property 2 (date of purchase Nov 23, possession date: Dec 27)?

Construction project investment: Capital gain can also be invested in a construction project. However, the construction must be completed within three years from the date of the sale to avail the exemption. If not completed within this period, the exemption will be revoked, will this clause be applicable as the possession of the 2nd property is beyond 3 years of date of sell of property 1?

Please Reply me Sir

I have received a notice U/s 154 from TRACES, demanding a sum against "Additional late payment against the processing of latest correction". Actually this is a case of short payment, and I have paid the short amount with interest and filled the correction statement with adding new challan for required correction. My question is under which section of income tax, they levy such type of payment.

Sir,

Is TDS is applicable on transportation charges? if so what is the rate? What are circumstance TDS is not applicable for transporter. Please give reply soon.

One of our client has expired so we have filed the return with the name of legalheir. We have refund amount for that client. Now my doubt is who's bank details has to be given?. How to claim that refund amount.

In case my partnership firm is dissolved through deed, at the time of sending notice of discontinued business to the A.O(under sec.176) do i need to surrender PAN too? If yes, how will i get refund of TDS (given Bank account would need PAN) after filing return for the period ? If no, when i will need to surrender the PAN?

Dear Experts,

01. Could you please the difference Section 50 and Section 54F of the Income Tax Act, 1961.

Is interest or late fee paid to state excise department is an allowable expenditure u/s 37 of the Income Tax Act, 1961. If so, are there any relevant case laws in favour of the assessee.

One of my client has hired skilled and semi skilled employees on contract basis and these employees are on payroll of client only. Employees are receiving benefits as per employee-employer relationship like PF, ESI and other allowances as well. Under which section TDS should be deducted? and if there is any judgement in this regard

Hi,

I have a query. If a NRI who is a resident of a country with which India has a DTAA agreement, offers his professional services to an Indian company, is it required for the Indian company to pay 10 percent TDs as per 195 section of DTAA? Can the NRI pay the entire tax in the foreign country instead and avoid TDS in India? What forms should he submit for that?.

Thank you,
Kreeta