There are 2 buyers and one seller in case. What if one of the Buyer's PAN is not registered on income Tax site for filing 26QB? The buyer has total income up to basic exemption limit and hence he does not file his returns. Do we have to register the buyer in this case?
Sir.
I heard about new section 194 T tds to payment( remuneration, bonus etc)to partner.
In our friend case remuneration is fix at the end which check profit and loss finalised.
In this case 194 T is applicable.
Please advise.
Binu
If I sell a plot, can I use the capital gains amount to pay off the home loan on an existing house and get an exemption under Section 54F of the Income Tax Act, 1961?
Hello experts, Under sect 128a GST amnesty scheme, how to deposit GST demand of 2017-18, in case no appeal filed nor deposited amount by DRC 03. Order u/s 73 received online.Suggestions are highly appreciated.
We can Go with vivad se vishwas scheme 2024 , if ORDER UNDER SECTION 250 PASSED BY CIT(A) TO SET ASIDE ORDER TO AO?
an Indian student -resident of India and completed his schooling and graduation left India in august 2023 for further studies in the USA for a post graduate course in robotics.
he completed the course in December 2024 and has got a job in USA from November 2024.
details of his stay in india/usa are as follows:
fy 2021-2022 -- 360 days in india
fy 2022-2023 -- 360 days in india
fy 2023-2024 -- 146 days in india and 220 days in USA
fy 2024-2025 -- 94 days in india and 271 days in USA
he has visa under F 1 which now got updated to F 1 OPT.
he has income in India above 15 lacs -- LTG capital gains/short term/interest and dividend income etc
and has a PPF account since birth --since last 23 years
he has two savings account and two demat accounts in india
he has filed his ITR -2 for fy 2023-2024 (tax payer since 2015)
now he has income from salary in the USA from november 2024 (70000$ P.A.)
my query is-
what should he do with the savings and demat accounts as - resident/non resident
what status should he declare in his income tax/bank/demat etc
what will happen to his PPF account
what will happen to the tax in india and USA as per income tax rules and also under
FEMA rules
lastly what about double tax treaty
Thanks - in advance
Sir,
I would like to know whether share capital can partly be introduced by cash and partly in bank ?In that case how we can file INC-20A?Similarly by introduction of capital as cash can we file INC-20A?
Please guide us and let us know the matters.Thank u.
How to do Unstructured CPE hours. Can yearly all cpe hours can be done as Unstructured for Non COP holder?
Sir/Madam
What is the new GST rate for commercial projects? is it 12% or 18% ? ITC available or not ? Please explain.
Respected Experts.
I am a managing trustee in the delhi based trust working in delhi since last 32 years. In the trust we have a project called ICDS Poshan 2. My query which is related to TDS deduction on Following Expenses.
1.Food Materials purchased
2.Transportation Charges/Transport Monthly Charges (Not as Salary)
3. Carriage outward
4. Payment to Packing Material
5. Payment for Cylinder(Payment to Supplier)
6. Payment to Water Supplier
7.Payment to Food Testing Labs
Do we need to deduct tds on above head and if yes, in which section should we deduct TDS ?
I need your expert advise.
Thank you in advance
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FILLING OF 26QB FOR ONE SELLER AND 2 BUYERS-ONE BUYER REGISTERED AND OTHER ONE NOT REGISTERED