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Ashish Kumar Pandey
29 April 2024 at 13:29

TDS on sale of property March 2024

Dear Sir,

If purchase a property-Leasehold Land of Rs. 2,00,00,000/-
Allotment Order Date- 10/02/2024
Payment Date 15/03/2024
Possession Order Date- 28/03/2024

Then which is the last date for TDS payment and filing of form 26QB.

30/04/2024 it is correct


Mukesh Khandelwal

Dealer has one truck, which is solely used for transportation of petroleum products, under the contract of Indian oil corporation and Hindustan petroleum products.

As the petroleum products are not the part of GST, it comes under vat.

Question is whether freight charged on it also became exempt under GST


Prem Moolwani
29 April 2024 at 11:26

Uses of Credit Card through UPI.

I have made payments of house hold exps approx Rs. 9,00,000/- in FY 2023-24 through UPI Linked PNB Rupay Credit Card at various Shops/Showrooms/Malls etc. at different UPI Scanners. My credit Limit is Rs. 50,000/- per month. In previous FY 2022-23, I have filed an ITR of Rs. 6,50,000/- of Gross Total Income. Will I receive any Income tax notice for using credit card? Give your expert advice?


Parli S Raghuraman

My client has a house property registered in his and his spouse name.His spouse has been declaring income from property(let out) in her IT Returns so far.Would clubbing of income apply?

My client wants to declare the same income in his IT Return from the current FY onwards.Is this ok?Of course,his spouse would not declare the income from property in her IT Return now onwards.

Pl clarify


kollipara sundaraiah

Sir,
A Doctor maintained a private hospital tax audit itr filed every year purchase of medical equipment and other materials rs:50 lacs for March -24 repayment 15 days below period.
Question:
Repayment 15 days below sec 43 b(h) provision applicable or not applicable


Amit Sachan
28 April 2024 at 16:51

26QB related query

I have purchased an apartment and submitted form 26QB for a joint seller property. The seller took payment in one person and buyer deducted the tds on that payment to that one person on the request of seller. Now, after 1.5 years seller wish to correct TDS 1/2 & 1/2 of both holder of property. Due to credit of entire TDS on one seller, income tax department is wrongly calculating previous year tax. Is there any solution possible?


Umapati Mishra
28 April 2024 at 13:51

Taxation of gifts from relatives

I know that gifts from specified relatives is tax free. But, I want to know whether gifts having value more than Rs 50k per FY from brother's son are taxable.

Umapati Mishra


tandle dyaneshwar g.
28 April 2024 at 06:02

Events and transaction

Purchase of an assets is an event..... In which case?

Purchase of an assets is a transaction..... In which case??


k chakraborty

Can a partnership Firm issue receipt, signed by one partner on behalf of the firm, to its other partner for capital contribution made by him? My dobut came from the fact that the Firm has no separate legal existence outside its partners. Hence can a firm (the collective) issue receipt to its partners ( the constituent)


Daya

Changes Heading and subheading of accounting group and expenses in Profit and Loss accounts and Balance sheet as per scheduled III
Like Please mention the name of accounts