Hi Sir,

My company booked hotel rooms for Annual meet of employees. Company booked hotel for accommodation purpose and the tariff includes breakfast and Wi fi charges also.This is not a regular basis as it is for meeting purpose only. Is TDS applicable on payment to hotel? Total Payable amount comes to around 80,000.

A person was staying in Chawl in Mumbai which later went under redevelopment in 2013 and was provided 1 BHK flat , same is in process of being sold now.
How to calculate LTCG in such case and how to arrive at cost of acquisition ?

A partnership firm was formed by 2 partners. However there are no transactions of sale and purchases till now. Industrial Land was purchased by the partnership firm and a small shed is built with power & water facility. Now the firm and is planing to sell the land for which I feel there will be capital gain tax in the hands of firm. The 2 partners may get into a new partnership and start a new business in the services or trading area. My Questions are:

1) I would like to know the type of taxes (Capital Gain Taxes & any other taxes) applicable on the sale of industrial land. How the tax liability in the hands of the firm can be reduced to the minimum?
2) Can the partners invest their shares in residential property and claim exemption u/s 54F

who will deduct TDS , What is limit to deduct TDS under section 194Q and under section 206C(1H)

Hi Sir/Ma'am,

I have downloaded the Form 26 QB justification zip but it's password protected. Could you please help me with the password. I have tried pan card, dob etc. It didn't work.

Thank you in advance

Section 80D Medical Insurance
Query: If asessees was married woman then who is parents defination include?
a) Asessees mother father or
b) Asessees mother in law and father in law or
c) Both a & b
d) Non of the above

Where an assessee uses a property for residence cum office purposes, should the annual value of property used in business be added to PGBP?

The ICAI material mentions that annual value of the following properties is added to PGBP:
1) Portions of property occupied by assessee for business or profession carried on by him.

Is the annual value of this property ( calculated in the same way as let out) called as notional rent? Is it to be added to PGBP? Considering the fact that we have not actually received anything, how can we add annual value ? Also, as per Sec 22 only profits from using the property is added to PGBP.

This particular line from the material is confusing me . Kindly help me interpret the meaning of this.

Thank you.

In paying 26qb what shld be my "stamp duty value of the property" in lumsup method of filing.

bazar mulya 5cr
agreement value 5.25cr on which 5% percent stamp duty paid while registration.

plz guide 🙏

I have bought a property from an NRI. The NRI has a nil tax deduction certificate from the Assessing Officer, so I did not deduct any TDS.
Do I need to file nil TDS return in this case, or not file anything at all?

Respected Sir I have filled return u/s 139(8A) but return is defective or incomplete . the notice received as per below reason Return has been filed u/s 139(8A), but it is not accompanied by the valid proof of payment of tax as required u/s 140B. i have filled return of 3 lakh fifty thousand income , i have Paid 1000 Rs. Late fees under self assessment Tax (300) there is no tax Liability arised u/s 140B so why i have received this notice and How to Respond this notice ?

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