Sir I have sold shares of the unlisted company which i have received as ESOP before 2020 how will it be taxed and under which section. If i use these proceeds to pay off my housing loan can i get relief from tax or by any other mode my tax be avoided or reduced.

I providing management consultancy services mainly to international clients through my LLP firm (or sometimes as a freelancer/independent consultant). Now, in order to provide my services, I often take support i.e. import "services" from companies (or sometimes independent contractors) based in the US and China.

My questions:

1) Do I need to deduct withholding tax for payments to entities in USA and China that does not have an establishment in India? If yes, at what rate?
2) Do I need to deduct withholding tax for payments to independent contractors in China (or any other country, say Indonesia, Philippines)? If yes, at what rate?

Appreciate your input!

Thanks,
Sumit

While filing itr 2 I'm getting errors select country code in capital gains on house property but I don't find any country code on this page

I have got turnover of more than 75 lakhs from 2 trucks. And I have not taken registration in GST. Can I get a notice about this thing in future?
While i have registered the contract in gst
both are working on my individual pan

Dear Sir / Madam,

In ABC private Company , there are 3 directors x , y & z , all had invested 34 % , 33 % & 33 % ,

now the Third director has mortgaged her personal property for a company loan and the company has received Rs 1 cr as a Loan from the Company, Now the Director C version is allotted some shares in the company as the bank is given only for the personal mortgage, now the other directors/members agreed to allot some shares i.e 20,00,000 lakhs with out any consideration.

please confirm / Guide how to proceed with the above situation

Sir .While bringing IPO when the company share price of Rs 100 is issued at Rs 400 Per share . At the time of declaring dividend of Rs 10 per share . Why we call the company has given a dividend of 10% rate instead of 2.5% . We have invested a money of Rs 400 per share & on that we have earned a income .
Pls resolve

Paid Up Share Capital - Rs 30 lakhs
Reserves & Surplus - Rs 65 lakhs
Turnover as per Last Reported Profit & Loss Ac - Rs 12 lakhs
Secured Loan and Unsecured Loan - Rs 8 crore

Is this Private Limited Company comes under Small Company and If yes, then CARO Reporting will be applicable to the Company?

Dear Sir,

My personal Income tax return is filed U/s. 44AD as Contract Income. My net profit before tax is of Rs. 3 lacs for F.Y. 2020-21.

My query is what amount of Personal Drawings in Cash can I show in my books as I want to reduce my cash in hand balance. Is there any limit for showing personal drawings. I am not claiming it as an expense to reduce profit.

Please help me regarding this matter.

Regards,
Divyesh Jain

SIR,
It assess purchases of new car value rs:13,45,298/- tcs deducted value rs:10340/-
Question:
Assess how to passed accounting entries in books and which amount for car value.

Four legal heirs have decided to sell an agricultural land in a small village away from any Municipality/Corporation (more than 20 Kms). The land was purchased by their ancesstors about 75 to 80 years back. The value of the land is not known as only a patta is available.
1. How will be the capital gains calculated?
2. If the sale proceed are to be equally divided, how will be the capital gains calculated for each leagal heir?
3. One legal heir is willing to forego his share of sale proceed in favour of the other three persons. Now, how will be the capital gains on each of them calculated?