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After my father's demise due to Covid'19, my mother has received around Rs. 17 Lakhs from Bank, since she was the nominee. After which she has created a FD in her name. This has caused the reporting of purchase of FD by bank.
Please note that my Father was a salaried employee and all his tax returns are filed up to date i.e. for year after demise as well, and all his income/ money was tax paid money.
To respond the same in IT website under e-campaign, what should be my response or what should be selected? Since its not a auto renewal, it says, money given to person Rs. 0 & money received from person against FD Rs. 17 Lakhs
Suggestions are open, thanking in advance
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In case is there are two sellers A and B and two buyers C & D. A & B are selling property amounting Rs. 1 crores. C & D each need to pay 25 Lakhs to A & B. Now while filling 26QB, C & D will fill two 26QB each for A & B and they will mention 25 Lakhs as amount paid credited for A & B on which 25K TDS will be deducted. However what will be the amount of total value of property (Sale consideration) in 26QB for each form
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RECEIVED INVOICES (Rs. 24500) WHERE ADVOCATE CLAIMED CLERKAGE 10% ONLY. WHETHER TDS & RCM ARE APPLICABLE ON THAT BILL.
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How to download corporate tax and income tax challan after paying challan 280.
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How to download TDS and TCS payment challan 281.
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Respected Members,
I had shares of few companies while I was residing in US. Now that I have shifted back to India, wanted to check on the few things:
>>The holding currently I have is not doing well and on selling those shares I would be incurring loss, will I be allowed to offset the loss on shares in NYSE here when I file my Tax return in India.
>>If yes, how long will carry forward of loss be allowed to offset with the gains in future years.
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Capital Gain arising from the sale of a flat is 6,60,000/- ( Sale value is 40,00,000)
The new flat purchased is rs.85,00,000.
Under which section can I claim the deduction for income from capital gain?
54 or 54F.
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Kindly guide if one person has two businesses in which one is proprietory and in second business he is partner with 33% profit (without any remuneration and interest on firm means totally on profit sharing with 33% only) .so guide in that case while filing income tax return of individual is there any need to show profit of 33% when we have already paid tax while filing audit report and in return of partnership firm in 30th september.if yes then under which head we need to disclose the same in itr 3?
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Is there any requirement to deduct TDS on F.D's collected from members of credit cooperative society ( not a bank). This society collect money from members in the form of F.D's and given loans to other members.
Please explain clearly tds on credit cooperative society ( is there any requirement to pay income tax on internet received by the member )
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I have clubbed my son's dividend income into my income and claimed tds deducted in his (minor) PAN, but intimation of 143(1) received from cpc, it shows mismatch of tds which I claimed tds deducted on minors PAN, can u please give me solution for the same, When we club income of minor into parents income , cant we claim minor tds
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Purchase of time deposits (SFT-005)