This Query has 1 replies
Hi,
There is an ancestral property of mother and her siblings.
Mother has been dead for a long time now.
So, her children are now the inheritorsof the property.
Some of the inheritors wish to sell the property, while others do not wish to do so.
The matter was taken to court.
At the court, mother's share of the sales consideration was decided at 50L. Tax was deducted and the remaining amount to be divided between the mother's children. Before paying to each individual 20% tax was again deducted.
Why is TDS being deducted twice?
How can the TDS deducted on deceased person be recovered?
This Query has 1 replies
Sir,
A person running a medical app for consultation difference doctors through on online mode.if person some amount received from patients after some amount paid to another doctors.
Question:
1.Assess above fees collections transactions services through on medical app received and pay amounts gst and it applicable.
2.assess above transactions treatment in books.
This Query has 1 replies
DEAR SIR
HAS THE DUE DATE FOR FILING IT RETURNS BEEN EXTENDED FOR FY 2020-21.
I WAS FILING RETURNS TODAY. BUT IN THE FINAL PROCESS IT SHOW SOME PENALTY OF RS.1000 U/S 234.
I HEARD THAT THE LAST DATE FOR RETURNS IS SEPT 30, 2021
THEN WHY PENALTY IS SHOW,
IS THERE ANY PENALTY FOR FILING THE RETURN OF A PERSON WHO'S INCOME IS NIL(nil) RETURN.
THANKS AND REGARDS
SURESH
This Query has 3 replies
Dear sir,
please resolve my doubt on whether TCS on Goods Sale of goods to be on basic amount or Total Bill Amount including of GST ??
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In my 26as, there is an entry by AMBITION TRANSPORT ORGANISATION . It says it credited an amount of rs.8750/- and TDS as 0 under section 194C. but i have not provided any service to them nor receievd any amount from them. Please tell me how to remove this from 26 as or i simply ignore this amount in my itr. I am a salaried person.
This Query has 2 replies
I had file ITR 4 for AY 2021-22 on 10.06.21 and had tried many times to e-verify the ITR vide Aadhar OTP but could not succeed. Please guide me .
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Sir,
It assess salaries paid to staff through on sb or current bank account payable correct procedure.
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Dear Friends,
we are a company having 50+ crore business turn over
Do we have to Deduct TDS with effect from 01.07.2021, for any material purhcase from small vendors like stationery, office maintenance and others
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Sir, my nephew had expired last year. What are the requirements so that his ITR may be filed in subsequent years (If my nephew has only interest income ) ?
This Query has 1 replies
I was purchased a flat in 2000 in my name for Rs 4,80,000/- We were living up to 2007 JAN, after that we have shifted to Delhi state Govt accommodation allotted to my wife along with our 2 daughters, the rent was deducted as per govt rules from my wife salary.
Mother in law (wife mother) was staying with (Wife Brother) brother in law in my flat up to 2012 with out rent, in 2012 brother in law was shifted to Goa, from 2012 mother in law was staying with us, she dont have any income since beginning, in fact we are financially supporting her for her medicines & daily needs etc. & my wife was declared as she is Dependent member in service record from beginning of the service. (pl note 1998 to 2007 she is stayed with us , 2007 to 2012 she stayed with her son & 2012 to till date she is with us)
I was opened HUF in 2012 then declared above flat as HUF, Rental income showed in HUF ITR, From 2013 to 2018 . in 2018 i sold this flat @16 lac as HUF A/c recorder in ITR. the said amount deposited in HUF Capital Gain account to buy some other property, we have opted loan to buy new flat in delhi in joint name clubbing the HUF amount. But Bank refused to Home loan if we club HUF amount. Hence plan was dropped clubbing HUF amount. Without clubbing HUF amount we have purchased a Flat along with home loan.
In the mean time we have submitted application & form G to IT department in 2020 through CA. But no reply received till date .
Pl go through above facts & suggest us, where is the complication, how to sort it out. We need money back to clear present home loan.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Double Tax deducted on court settlement of sale of inheritance property