I got a ctc car worth 20 lakh from my company. The amount was actualky given on loan to me @8%. The cost towards the same was deducted from my CTC every month fir last three years. Now the residual value of car is 4 Lakh. (And I am told by my company that fair market value is 6 lakh). They say that of I buy the car now, I have to pay the residual value (4 lakh) and 30% of balance 2 lakh as tax. However, if the car is directly sold to a third person, this 30% will not need to be paid. I am confused. Request advice

Hi,

Unable to open the recently downloaded 26QB zip file. Even the last year zipped files which were opening with password (PAN) is not working.

Please help.

Thanks,
Gaurav

26QB Zip Folder is password protected. Buyers or Sellers PAN is not working to open the same. This is the same case for 2 of us. Please help!

Home Orderly Allowance is available to Judicial Officers of India in pursuance to the recommendations of Second National Judicial Pay Commission. Is the whole of amount received taxable in India?

Dear experts
I have received the final copy (UDIN updated) of Form 15CB and Form 15CA for NRI remittance from our CA. However, there is an issue: the beneficiary provided the wrong bank name. Is it possible to update the name in both forms?

Experts Kindly advice

Hi,
I hope you all are doing good.

I am planning to sell my land which was bought by my father long ago.
I am a resident of uttarakhand, district dehradun.
The details of land are as follows:

purchase price- Rs 68000
purchase year- 2003
location- somewhere in dehradun
intended SP-Rs1.4 cr
selling year- 2024
size of land- 2212 sq yards.

Now my financial goal is -a low risk investment, with maximum returns, with a minimum of tax liabilities

My query are:
1.What would be my capital gain?
2.How should I invest the capital gain as per my financial goal?
3.I know my financial goal seems a bit tricky to achieve as it requires striking a fine balance between my requirements, which might be quite strategic to acheive, however, I would be pleased to know what financial instruments & schemes should I invest the money in?

Thanks!

Dear Sir/Madam,

We have a service contract with Govt regarding social audits for different states (Block level-under MNREGA). Currently are paying salaries for 250 auditors, while we are facing EPF compliances due to non-KYC. CTC is 10-15k pm based on the no of audits. Can we deduct their TDS under section 194J instead of EPF? All employees are on a contractual/daily wage basis. Please advise. Have any circular or notification regarding the same?

Hello!

Me and my wife purchased an under construction property on September 7 2024 and are paying installments

So far, the installments have been for
September ( TDS paid )
October ( TDS not paid )
November ( TDS not paid )

On November 17, we registered our property

I'm paying the TDS for October today. In that case, what should I enter in the date of booking/agreement while submitting the Form 26QB?

Prior to registration, I have been using the Booking date of September 7

Secondly, since there are multiple buyers involved, what should be the value in the Total sale consideration value? The property is for 1.6cr, so should it be 1.6cr each or 80L each? I have been getting different responses from different CA's

what would be the journal entry of sundry debtors write off.
and what would be impact on tax purpose.

Would a RNOR (Resident but Not Ordinarily Resident) open a regular savings account or NRO account?