sankar ponnan
This Query has 1 replies

This Query has 1 replies

28 February 2022 at 13:05

TDS in case of GTA

Sir / Mam

We are GTA ( P Ltd)
We do not have any own vehicles
We are renting of all our sub-contract vehicles to another GTA.
Here, We are the sub-contractor to that GTA.
They are ready to deduct the tds on our payment.
Is it applicable?
Plz let us know the right solution
Thanks in adv


aarya
This Query has 1 replies

This Query has 1 replies

28 February 2022 at 12:28

Rent CALCULATION

having 3 let out property , out of 3 let out property one is commercial let out property which is vaccant for last one year , so should we considered approximately rent of this commercial let out property to calculate taxable income , and how to calculate approximately rent .


pavel
This Query has 1 replies

This Query has 1 replies

I provide booking keeping and accounting service at the rate of Rs.15,000 per month . The company is deducting TDS @10% . I countered them that my Service does not exceed Rs.30,000 per month so not to deduct TDS . But the company said in a year its exceeding 30k.

This 30k threshold limit is for per bill or for per annum billing .


Rahul Singh
This Query has 6 replies

This Query has 6 replies

28 February 2022 at 02:44

Nri sell property in india money outside

i have a residential property in india and now if i become nri, later i decide to sell property what will happen? i am allowed to take money outside india? any extra tax or something? should i sell before becoming nri?


Dibyendu Majumder
This Query has 1 replies

This Query has 1 replies

26 February 2022 at 19:15

DEEMED RENT ON UNSOLD FLATS

Dear Sir,
One of concern is engaged in promoting/developing business, have completed all of this flats in a complex in the year 2012, completion certificate was also issued from authority of all flats, but till F.Y. they have some unsold flats showing his books of accounts & reflated in closing stocks.
Is the Income Tax department charge deemed rent on there unsold flats ?
Please clarify with section?


Kollipara Sundaraiah
This Query has 1 replies

This Query has 1 replies

26 February 2022 at 17:25

Two incomes for it doubt

Sir,
1.1st professional income Gross receipts rs:60 lacs
2nd professional income Gross receipts rs:2 crores.
Question:
1.assessee two incomes it returns filed individual status present.
2.assessee 2nd profession formation of partner ship firm or individual status benefit for it purpose.


Daya
This Query has 1 replies

This Query has 1 replies

26 February 2022 at 16:15

In proprietorship firm

in proprietorship firm
why Salary of proprietorship firm is not allowed.
is Depreciation allowed as per income tax only.


professional
This Query has 3 replies

This Query has 3 replies

My query is the following:-

whether the long term capital gain against property can be adjusted against the short term capital loss and long term capital loss on selling of equity shares under DEMAT account. All transactions by online banking. Will appreciate your advice and inputs on this query.


Kollipara Sundaraiah
This Query has 1 replies

This Query has 1 replies

26 February 2022 at 11:24

It doubt and 26as information doubt

Sir,
Question:1
It assessee cash deposits limit for one financial year
1.cash deposit in bank sb account
2.cash deposit in bank current account
3.cash fixed deposit in bank and postal .
Question:2
It assessee 26as information mentioned below show procedure in books.
1.sec 194j b rs:50,000/-
2.sec 194 I(b) rs:1,50,000/-
3.sec 194 k mutual fund rs:202.16
4.sec 206cq ICICI Bank rs:4890/-


Kollipara Sundaraiah
This Query has 1 replies

This Query has 1 replies

Sir,
It assessee loan purpose amount received from non resident person (friend )rs:15 lacs through on bank mode after 2 years amount repayment to non resident person.
Question:
Assessess above mentioned loan amount transaction accepted or not accepted.






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