IN WHICH SUB SCHEDULE UNDER CG SCHEDULE SHOULD I REPORT GOLD ETF STCG?
WHETHER STT PAID AND UNPAID, GOLD ETF GAINS SHOULD BE REPORTED AT SAME PLACE?
Dear Sir,
We have made a new TDS payment using Challan Code 1026 for Professional Fees deducted at 2%.
However, the current payment pertains to Royalty under Section 194J, where TDS has been deducted at 10%. We noticed that the challan is showing Code 1027.
Kindly confirm whether Challan Code 1027 is correct for this payment or if any correction is required.
Thank you
A TAX PAYER RECEIVED ADVANCE AGAINST SALE OF PROPERTY. THE BUYER DEDUCTED TDS THEREON. NOW DUE TO DISPUTE, THE SELLER IS REQUIRED TO REFUND THE NET AMOUNT PLUS TDS DEDUCTED. IS THERE ANY LIABILITY FOR THE SELLER TO DEDUCT TAX ON THIS REFUND AMOUNT?
I have received a lower deduction certificate under Section 197 of Income Tax Act specifying a TDS rate of 0.31%. The total sale consideration is ₹90 lakhs.
I’m confused about how to apply this rate:
Should I deduct TDS at the flat rate of 0.31% as mentioned in the certificate, or
Do I need to add surcharge and cess separately over and above this rate?
Also, one person suggested a split approach:
₹1 lakh already paid (ADVANCE) to be taxed at 12.5% + surcharge + cess, and
The remaining ₹89 lakhs at 0.31% + surcharge + cess
However, my understanding is that the rate mentioned in the certificate should be applied directly, without adding anything extra, as per Section 197.
Can someone please clarify the correct method and help compute the exact TDS amount?
Sir,
I took an advance of 25 lakh against sale of flat in FA 25 - 26. I used the amount to pay advance to buy a property in Same FA 25 -26. However sale of my flat is scheduled in current financial year.
Is there a tax implication and do I need to show in ITR.
Thanks!
Original residential property holder Father since 1991. (Market value not known for 1991) Property transferred to legal heirs on 07/02/2019. It was given for redevelopment on 25/11/2022.No financial consideration/monetary benefit since it is redevelopment. Occupation certificate received on 05/08/2025. 4.77% Part of the property (Carpet area) sold in March 2026.What is the Tax applicable for AY 2026-2027 for ITR2 form.
Builder has reduced the Total Consideration Value of the flat suddenly after some adjustment for GST. I have already paid FIVE instalment and deposited the TDS quoting old hire value in FORM 26QB. Can I just pay the balance as last instalment and TDS quoting new reduced value or I have to rectify all previous FORM 26QBs?
My aunt has invested 500K In 54EC BONDS, she made her son and daughter as nominees for 50% portion each. son is an NRI? Is any tax is applicable when withdrawing after maturity for an NRI NOMINEE? SON has an NRO account in India
Whether any withdrawal tax is applicable for a daughter who is a resident indian?
Aunty wants to provide for granddaughter (sons daughter) some amount for education. can she deposit in sons NRO account w.o. tax. please advice with solution?
Sir,
Need the detail for TDS deduction on the luck and draw coupans- prize Car
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