Hi All,

I am buying a property for 80 lacs. I have paid a token amount of Rs. 1,00,000/- to the seller on 2nd April 2025. Housing loan will be of Rs. 50 lacs.
The balance sale consideration will paid in 3 installments i.e. Rs. 9 lacs on 10th April 2025 and Rs. 20 lacs 15th April 2025 and the Sale Agreement will also be signed on the same day - 15/04/2025. Finally the balance amount will be paid by housing loan directly by bank.

My query is what date should be mentioned against "Date of Agreement / Booking" in Form 26QB for tds on token amount?
Whether it will be 2nd April 2025 or 15th April 2025 or any some other date ?

Will the "Date of Agreement / Booking" have to remain same for all future 26QB forms i..e subsequent payments or it will change after signing the agreement?

Thanks
Niki

My Query is that if a person has been issued demand order u/s 73 denying Input Credit as per section 16(4) and such person failed to apply for Application of Rectification of Order by 08-04-2025. Then Whether he may apply in Amnesty Scheme u/s 128(A)? The demand u/s 73 pertains entirely on denial of input Credit.

Between old and new tax regime, are there any differences in tax benefits for employee incase he uses company lease car. Car belongs to company and is leased to employee for 3 years. Car lease is less than 50k per month.

INDIA HAVE DTAA AGREEMENT WITH NIGERIA? FOR F.Y. 2023-24

Any transfer of fund from partnership firm to partners is subject to TDS from 01.04.2025 ?

is there any RCM applicability on sample fees paid to local authority like punjab pollution control board ?????????

Hi All
My company is located in Maharashtra (registered place for GST). I do centralised billing from Maharashtra. I have branches at Banglore and Delhi where I have taken office on rent where vendor is charging me CGST and SGST as POS is Banglore and Delhi respectively. Can Vendor give me bill charging IGST? Can I avail credit of IGST if charged by vendor?

Thanks in advance.

What is Time Limit to Revise Tax Audit?

URGENT!!!!
I have 4 clients who together have invested in a Real estate colony (Converted a large agricultural land to residential plots) , but the title deeds are in the names of 4 third parties. My clients want to control the sale process and receive payments directly.

Plan: Create a partnership firm (owned by clients) and take registered Power of attorneys from the land owners. The firm will act as an agent, sell the land, collect proceeds in its own bank account, deduct its commission, and remit the balance to the third parties at year-end.
Capital gains tax will be deposited in the names of the third-party title holders only.

Example: If a plot is sold for ₹100, the firm collects the full ₹100, deducts ₹10 as commission, and remits ₹90 to the land owner. This is repeated for all plots, and settlements are done annually i.e Rs 90 will be remitted back in third party's bank account.
The goal here is not tax evasion but just to take the token amounts and sale proceeds in client's account so that they are not dependent on third parties to collect the money.

Is this structure valid from Income Tax and compliance perspective? Any risk of the firm being taxed on the gross receipts?

Dear Experts,

We request you to provide the opinion on the eligibility of ITC on QIP (Qualified Institutional Placement) Expenses

Thanks
Naresh