Sanchay Seth
This Query has 1 replies

This Query has 1 replies

28 April 2025 at 15:53

Form 26QB for last installment

2 buyers 1 seller
total property value is 11659560
so for 1 buyer stamp duty value 5829780
I have already paid and deducted tds on amount.
now I am paying remaining 387000 as final amount but on entering stamp duty as 5829780 it is showing amount to on which tds to be deducted as 5829780 and but I have to deduct tds on 387000
please help


Sachin
This Query has 2 replies

This Query has 2 replies

An NRE client residing in the U.S.A. intends to sell a property located in India. However, his PAN is currently inoperative due to non-linking with Aadhaar. Since NRIs are exempt from the requirement of holding Aadhaar, is there a way to make the PAN operative without linking it to Aadhaar?

Additionally, please explain the procedure to transfer his PAN jurisdiction to the International Taxation Assessing Officer.


manisha bidikar
This Query has 1 replies

This Query has 1 replies

22 March 2025 at 12:30

Form 16C mismatch

Namaste ! I have paid TDS on rent up till Sep.2024 @5% and from Oct.24 till Mar.25 @2% as per the rule. The form 26QC generated from TRACES for both the challans are correct. However both form 16C generated from TRACES show the same amount i.e.2% rate. How to get it corrected? (i am a housewife, not a tax professional. Please guide me!) Thanks!


S Kanrar
This Query has 1 replies

This Query has 1 replies

16 March 2025 at 21:45

TDS on Final installment

Respected Sir/Madam,

I hope this message finds you well.

I would like to confirm if I can proceed with the details mentioned below. The confusion arises regarding the value of "Amount on which TDS is to be deducted." I would appreciate your guidance on this matter.

There are two buyers, and I am providing individual data for each. The total property value is ₹7,092,500/-.

Individual Details:

Total Value of Consideration (Property Value): ₹3,546,250/-
Payment Type: Installment
Is this the last installment? Yes
Total Amount Paid/Credited in Previous Installments (A): ₹3,000,000/-
Amount Paid/Credited Currently (B): ₹5,46,250/-
Total Stamp Duty Value of the Property (C): ₹3,546,250/-
Amount on which TDS is to be Deducted (D): ₹3,546,250/-
TDS Amount: ₹5,463/-
Could you kindly suggest the correct value for the "Amount on which TDS to be deducted" is correct or not.
In earlier the value was same with Amount Paid/Credited Currently (B).

Thanks & Regards,
Samiran


JIGAR
This Query has 1 replies

This Query has 1 replies

15 March 2025 at 20:33

Capital gain tax ltcg

I had purchased Flats in surat in jan 2014 in 40 lakhs Rs and sold in Jan 2018 in 1.5 crs.and again purchase new house in march 2018 of 1.5 crs.and sold in Jan 2025 in 1.6crs how mu h capital gain I have to pay.


Harshit Agrawal
This Query has 7 replies

This Query has 7 replies

08 March 2025 at 10:58

F&O Trading

My turnover is 1.5 cr I have not opted for presumptive taxation in any previous year and I have loss of 5 lac will I need audit or I can file normal itr under no account cases in itr3?


Archana
This Query has 3 replies

This Query has 3 replies

02 February 2025 at 21:56

How and when to deposit tds on house rent

House rent is more than 50k. So tenant deducted tds @ 2%. How to pay it. Do the tenant need to deposit it every month? Please guide


Vineet Bhargava
This Query has 3 replies

This Query has 3 replies

Suppose I am purchasing a property which is owned by 2 seller (50% share) and me and my wife are purchasing it (50% share). I understand we have to fill 4 form 26QB. My question is suppose value of property is 1 cr and I pay lump sum amount then what should I fill in these values:

1. Total Value of Consideration (Property Value): There is much confusion about this on internet. In my case would it be 25 lakhs or 1 cr?

2. Amount paid/credited currently (B): Pretty sure it would be 25 lakhs. Let me know if this is not the case.

3. Total stamp duty value of the property (C): Again not sure.

Thanks in advance.


suresh
This Query has 1 replies

This Query has 1 replies

10 January 2025 at 12:51

INCOME TAX OLD /NEW REGIME

My relative salary (Gross Salary) is 9.5 lacs
Investment in LIC and SBI Life Policy amounts to around 2 lacs
Medical Insurance is paid for around 30 thousand. PF is around 1500 PM

based on above information kindly advice which regime to choose old/ new


Thimmaraju Venkataramappa
This Query has 3 replies

This Query has 3 replies

09 January 2025 at 16:31

TDS Payment Single Payment

I would like to seek your advice on consolidating TDS payments for both a contract and a professional service into a single payment. The total TDS amount is ₹20,000 (₹10,000 for a contract individual and ₹10,000 for a professional individual). Could you please guide me on the process for making a single TDS payment, and let me know if there are any issues or compliance considerations with combining these payments?

Thank you for your assistance.






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