Dear Respected Team,
TDS We are required to deduct on Credit or payment Whichever is Earlier.Where Credit Means What ? Whether Accrued Or Due ?? Suppose Our Client Taken BC Loan On 15-Mar-16 Amount of $1000 @ 9% Interest, Actually Due On 15-jun-16 Along With Interest. For Closing Books as on 31-mar-16 We created provision for 17 Days Interest On that Time We are Required to deduct TDS ??
Please Tell me relevent answer with supporting of relevent sections of Act.
Sir,
please please clarify one thing that salary person has home loan for which principal amount is paid Rs 400000 and interest is paid nearly about Rs 2lak ,so whether the person get deduction u/s 80c for this principal and interest or not.
please make my confusion clear.
CAN WE REINVEST IN RESIDENTIAL PLOT TO SAVE CAPITAL GAIN ON SALE OF AGRICULTURE LAND
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One of my relative is having flat at red zone area. He sold the flat @ 13 lakhs rupees which is the actual price going on that location. But stamp value is 17 lakhs rupees. So can I take valuer report & submit the return taking 13 lakhs as consideration for computing capital gains
Answer nowA public charitable trust not registered under section 12 AA of Income tax Act. My query is at what rate it would be taxable ? If it is taxable as AOP then will it be taxable at maximum marginal rat?
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Dear Expert..
one Question in my mind :
Mr.A total business income 10,00,000/= he file itr 4s minimum 8%( no maint. Accounts book) but he declare 40% profit and paid income tax .
so my question is in future income tax send any notice regarding for document checking / or expense voucher / income details....
reply urgent if possible.
In case of development agreements, we sometimes have to use the cost of construction of the flat as the consideration.
In this case , the cost of construction as provided by the builder is , 957 @ Rs1,200 , but as per the ready reckoner , the rate for construction is @ Rs1,950.
Both of the above values are going to be more than the stamp duty value of the development agreement.
Since the difference is of 750, should I consider 1950 as value (ready recknoer value) or the value as certified the builder. The difference of amount is a bit high and is raising some doubts in my mind, it can raise doubts in mind of AO also. Assessee is willing to pay higher tax amount.
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TDS on S.Tax