Dear Experts,

Good Evening.

I want to know about the TDS for advertisement bill for Rs.31000/- inclusive of tax. in that I have made payment of Rs.10000/- towards advance payment . the remaining 21000/- should I deduct TDS?? if yes please explain me


Thanks

If a office is sold in month of July 2016 for one crore.index cost is 30lac and fifty lacs is invested under 54ec and tax paid on remaining 20 lacs.Now another office is sold in January for fifty lacs,indexed cost is 15 lacs and remaining capital gain is invested in 54ec bonds in April 2017 will I get LTCG exemption under this strategy.If my other income is 30 lacs than my total in come for year ended31/3/2017 will be 30 20= 50lacs is this right.(I ask this because I want to know that my income does not go above one crore than I will have to pay 15 surcharge.).

I had taken a housing loan from bank. The House has been completely constructed. But loan is still outstanding. Whether I can still claim benefit us/24 ?

Is there a limit of years upto which I can claim benefit u/s24 ?

How much amount can I keep in savings account. Should I need to pay tax if I keep 6lakh in SB account

Mr A purchasing water from a borewell and selling / supplying it to another person Mr B. Now this transaction whether liable to VAT OR Service tax??? Water is supplied in tanker

TDS Filing

Respected All,

one of my friend forgot to file tds return for 2 & 3 qrt. for A.Y.2016-17 & the amount of Tds is around Rs. 80,000/- in this case what will happened becoz the late filing fees is Rs.200/- per day and according to this the late fees is around Rs.65,000/-.
please suggest me can we save this late fees??

A partnership firm has paid goods transportation charges during FY 2015-16 to various transporters. Whether TDS is to deducted on the same ? Further, how can we know/certify that the said transporter possess more than ten vehicles or not ?

I have purchased a under constructed flat in my name. I have already spent about Rs.8.00 lac in construction of the house. My wife has also spent around Rs.2.00 lac in the said construction. May I show the said amount of Rs.2.00 lac as gift received from my wife and spent in the construction of the house ?

Dear Sir,

While filing the tds return following error was shown in the -TDS/TCS statement warning file.
Line No in the text file.1
Batch No.1
Challan tender date 03/02/2016 , Challan Serial NO. NA. BSR Code NA.
Error Code T-FV-3173 . Error Description : Name of deductor in the statement should exactly match the Name of deductor as per TAN Master Database of ITD.

Kindly help.

Regards

VR