A person had taken land on 30 years lease in 1977 which was renewed on 2007. He paid Rs 3600 as premium at the time of taking the lease in 1977. A house has been constructed in the land around 1977-1980. The lease hold land along with house has been sold for Rs 30 lakhs. Kindly advise on the calculation of capital gain.

Can any one clarify the new TDS 194 Q.

How to deducted the TDS before GST value or full invoice value ?

The 50 Lakh threshold limit is including GST?

billed to buyer within june rs 75,00,000/- . received amount 60,00,000/- .
TCS applicable in prescribed rate .
question is that whether 194Q also applicable from july if further no transaction during the year 21-22.
both are more than 10cr tunover in F Y .20-21.

assessment is done u/s 143 (3) and demand raised of rs. 1 lakh. we have filed appeal to CIT. but when i received my refund order of last assessment year they have adjusted demand in my refund.
is it wrong because we are in appeal and case is not final.

Sir/Mam,
As the Income tax portal has been changed to a new one, we are facing many problems as the new website has not started working properly. While filing Form 35 for a company, the portal is asking me to enter DIN no and order no. separately. They are always the same and are mentioned in the order received. But when I am entering the details in DIN tab the following error pops up:

"please enter din as section selected by you at field 2(a) is other than 195 and the date of order is on or after 1st october 2019"

Today is the last day of filing an appeal with the department but still I am not able to do that. Please help. Is there any other format of DIN which is required to be entered in the new income tax portal?

Suppose Mr A is partner in a partnership firm ABC & Co. ABC & Co is engaged in dealing property ie purchase and sale of plot. Now Mr A transfer his personal Land as a capital contribution to the partneship firm which is received by the partnership firm as stock in trade because it is engaged in dealing land and latter this to be sold by firm as a normal course of business. My query is :-
1. What is the tax treatment in the above case.
2. Which section of income tax act can be apply.

Dear Expert,

I have downloaded Form 16 part B file from TDSCPC.gov.in and tried to convert it using conversion utility but '0' files are getting generated. How to solve this problem. I am attaching DSC for digitally signing it.

Respected Sirs.

How to download 26-AS from the portal of income tax site ?

Please guide me and oblige.

Sir,
A gst registered edible oil whole sale and retail business dealer sales of annual turnover rs:3 cores above previous last 3years.
Question:
Dealer tds and tcs both sections applicable for sec 194q and sec 206 c in it act.

Me and my parents are covered under a mediclaim policy taken by the company I work for. Can I claim 80d deduction on medical expenses incurred on my senior citizen parents which were not covered by that policy ?