This Query has 1 replies
Respected sir/s,
one grand mother transferring Rs.50 lakhs to her daughter as gift from her sources, is it liable for income tax in the hands of recipient hands,
please inform me
This Query has 1 replies
Dear sir,
MR. A Is running proprietorship firm, audit is also being done u/s 44AB, Mr A have paid Rs. 150000 commission for selling his personal property.
Is tds u/s 194h attact? Provided commission paid on account of selling his personal property.
Thanks
This Query has 1 replies
Note that last Quarter we have deducted & deposited TCS@5% on SCRAP sale from only one party because party does not provided his PAN Number for the Month of Dec,2025
Now how to fill 27EQ return without PAN Number because for this above quarter as per our return only one deductee .
This Query has 1 replies
If a person gives agricultural land on lease for solar power generation, is the lease rent exempt as agricultural income u/s 10(1)or taxable under the Income Tax Act?
Under which head of income will it be taxed and whether TDS u/s 194I is applicable?
Also,is there any other exemption or benefit available under the Income Tax Act for such income?
This Query has 1 replies
We file income tax under section 44AD and are traders. Is section 43B(h) applicable to us?
This Query has 2 replies
IF TDS IS DEDUCTED U/S 194S CAN WE SHOW SUCH TURNOVER IN ITR UNDER PRESUMPTIVE INCOME? IF AN INDIVIDUAL IS REGULAR TRADER OF CRYPTOCURRENCY.
This Query has 2 replies
What is the Tax rate and surcharge rate for discretionary Trust for AY 25-26?
This Query has 1 replies
Can a govt PSU deduct TDS under Section 194J on payment of Rs. 2,00,000 to the Institute of Cost Accountants of India for a certificate course of its employees. Please confirm
This Query has 1 replies
Sir.
Due to medical treatment of owner, unable to pay advance tax Q4 with in the mar 26.
Let's me know if paid with in Mar 31, is there any benefit with in respect of interest.
Please advise.
Binu
This Query has 3 replies
In case of the buyer deducted TDS on the sale consideration and deposited the same .Subsequently, the transaction was cancelled, and the consideration amount was refunded to the buyer by the seller.
1.Whether the TDS deposited under Section 194-IA can be claimed as a refund in such circumstances.
2.Whether the refund should be claimed by the deductor (buyer) or the deductee (seller).
3.The appropriate procedure to claim such refund, including any rectification or correction in Form 26QB.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Is income tax applicable on cash gift received in the shape of bank transfer on recipient hands