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omkar mestry
27 September 2023 at 23:18

Unable to generate Form 16B

I paid TDS using income tax website on 15th of September 2023, but when I tried to place a request for download of Form 16B on traces website I am getting this error :- No data available for the specified search criteria.

It has been more than 12 days I have to give the Form 16B to my builder, for which I have filled the 26QB form.


Chandra
24 September 2023 at 13:12

26QB correction request

I bought property in mumbai and paid 1% TDS of property value..on the same day I got default notice to payment Additional 19% as a penalty because seller PAN and Adhaar was not linked later we got it linked and filed correction in traces but still got the same default notice....now how to get this notice null & void since PAN and Adhaar both are linked now


Jairish Investment

One of my client want to cancel his PAN card issued at Kolkatta . He is having 2 HUF PAN CARD one issued at Kolkatta with DOB/DOI mentioned as "ANCESTRA" and the other one is regular HUF PAN CARD with proper DOI mentioned.

He wanted to cancel his PAN CARD issued at kolkatta. Can he cancel at Mumbai?
Please guide.


Solsam
11 September 2023 at 11:06

Business structure for rental income

My main source of income is rent via residential apartments that I own. I want to know if it is possible to register a Sole proprietorship or OPC and receive rental income through this entity. The purpose of this is to have some formality in terms of employment which is helpful for processes that require some proof of employment like visa approvals. Also, would this increase my tax liability?


N Sharma
12 August 2023 at 13:17

Company is not contrubuting to EPS

I joined a company last year and my current basic is 29028 and my company is deducting 1800 for employee contribution to EPF but I just came to know that my company is contributing 550 only per month for employer contribution to EPF and not contributing to EPS. Is it allowed?
because as per my knowledge company should contribute minimum 1800 per month


Kollipara Sundaraiah

Sir,
A Gst registered dealer annual turnover rs:150 lacs yearly all purchase and sale transaction through on bank mode for f.y 22-23 and bank account statement from 01-04-22 to 31-03-23 huge transactions number of pages 80.
1.cash deposit in bank account huge number of transactions
2.upi sales transactions in bank account huge number of transactions
3.receipts from different debtors huge number of transactions.
Question:
Assessess how the preparation procedure of bank account statement huge number of transactions bifurcation procedure for it returns purpose.


Vishwa

TDS paid using FORM26QB as advised by my builder. Now I need to give them FORM 16B, but below error message.

No data available for the specified Assessment year, Acknowledgement number and PAN of Seller. Please resubmit the request again


Chalan Date of Deposit : 06-Jul-2023

Today 24-Jul-2023

Same message for last 3 days.

Meanwhile, I got email with message as below:

Your CRN 230706006XXXXX dated 06/07/2023 is expired and no payment can be inititaed against expired CRN.
For completing the tax payment, generate a new CRN through e-Pay tax on www.incometax.gov.in.

Any experts CAs pls help.



satish

We paid 3 sub contract payments(194C) after deduction of 1% Tds.
First two payments are advances.(advanced dates)

We got invoice form seller.

3rd payment done after Tds deduction in invoice date.

We dint pay deducted tds intime to gov.

Sir ,
Which dates we need to consider For calculating late tds payment interest for all 3payments.

Date of advances dates OR date of invoice date?
As I know "Date of advance " dates we need to consider for two payments.

Can we consider "Date of invoice date" for 3rd payment interest calculation.


vasudevan v
19 July 2023 at 12:43

Filing of Income Tax return - Reg.

Respected Experts, My daughter left to foreign country after marriage. While she was in India, she was working and filed Income Tax return regularly, although she is not subjected for any tax. Now she is in foreign country as house wife for the past two years. She has some Fixed Deposit account which earns interest less than 2 lakhs per year. She has not filed her income tax return for the past two years due to her absence in India. Whether any tax is liable for her Fixed Deposit interest? If so, what is the rate of tax? If not, whether she can file her income tax return after her return to India? Whether she is liable for any penalty for the belated filing of tax return? She retains her Indian citizenship and she is holding only Indian passport. I shall be much grateful for your esteemed advice. Thanks in anticipation.


Hathim

Me and my brother have joint ownership in a rubber estate. Can we split the income received from this estate and show seperately in our income tax returns?






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