Sir,

After the inorporation of new section 194T of income tax act 1961, I want to clarify TDS applicability in respect of the following transactions.

1. Interest on Capital Rs. 1,50,000 paid to Mr. A (Resident partner)
2. Interest on Capital of Rs. 2,25,000 paid to Mr. B (Non Resident Partner)
3. Interest on Loan of Rs. 3,05,000 paid to Mr. C (Resident Partner)
Here, which TDS sections was applicable. Need clarification whether 194T, 195 or 194A?

Our client is engaged services in exhibition stall fabrication. can we file ITR-4 return under SECTION 44AD. Client's turnover is 80 lakh.

if husband sold the residential property and same proceed invested again in residential property in the name of wife then he is eligible to claim deduction under section 54 ?

A widow having 2 married daughter and no son; can she form a HUF with her daughters and son-in-law?

Rent is due to Limited Company by Government Organisation. But rent is pending for the financial year even after ITR due date of the Company. The TDS which was deducted in the subsequent year for the rent pertaining to the earlier year. In such situation TDS is to be reflected in the year in which it was deducted or pertaining to earlier year for which rent of the year?

Whether company has to show in its accounts for the rent as rent receivable for the rent amount not received from the Government . In such case Company is liable to pay tax for non receipt of rent during the year. What will be the alternative?

Respected Colleagues,
If Mother sold the residential property and same proceeds invested again in residential property but in the name of her children (Registry in the name of Children), then Is she eligible to claim Sec 54 Exemption in ITR?

Hello,

Today, I received Form-16 form previous employer. While leaving my previous employer I have to pay a total of Rs 9,58,734/= ( 3,00,000 (joining Bonus - paid in 2024) + 6,58,734 notice period recovery). In form-16 the recovered amount is not reflected.

Do I have to pay tax for 9,58,734/= also. Is there a provision in IT act to claim refund for the same?

Regards,
Akash

Hi! I am buying a property more than 50L so I have to pay TDS. I filled 26QB in which I selected installment(By mistake instead of selecting lumpsum) and also selected last installment : Yes. also mentioned total amount paid in previous installments. paid TDS on total amount (Challan generated for total amount) But now 16B generated and showing only last instalment amount and also in the sellers 26AS only last installment amount's 1% amount is showing as TDS credit. How can I rectify ?

For AY 2021-22
1) Notice u/s 148A(1) received on 28.03.2025.
2) Reply to above notice to be furnished by 11.04.2025. Reply submitted on 08.04.2025.
3) Order u/s 148A(3) received on 28.06.2025 saying fit case for 148.
4) Notice u/s 148 received on 28.06.2025

Whether the notice u/s 148 dtd 28.06.2025 is within time prescribed