assessee has purchased a property from NRI of 6 cr & deducts a tds @ 23.92% I. e. Rs. 14352000. however Cpc calculates a tds of Rs. 15600000 & sends the assessee a short deduction notice of Rs. 12.48 lacs.
Assessee write a mail to tds cpc. where they replied that nature of remittance mentioned in statement is not covered under DTAA hence short deduction default has been raised. you are requested to pay the demand.
Is this reply correct?
we have deducted a tds as per income tax Act & not as per DTAA.
please reply

Can a widow and her son create HUF on their own and Such Female member can be karta of HUF?

Sir.
Can claim Gst on repair charge on company car.
Please advise
With regards
BINU

Can I claim less TDS to file updated return?

If Tax = Rs.30000 and I have TDS deducted = Rs.100000 for FY 2022-2023, can I claim Rs.29000 from TDS and pay Rs.1000 as tax and file updated return? If yes, is there a way to claim the TDS next year?

Sir.
Our business is Hr recuitment. In connection with business sir and team going to abroad for interview.
Get get cgst and sgst.
Can get claim.
Please advise

Is there any case study that if order u/s 147 has been passed then such point can be reopened in the subsequent case of same assessment year in different issue?

A.Y 2021-22 RETURN FILED U/S 44AD
A.Y.2022-23 TURNOVER 2.5 CRORE AUDIT DONE U/S 44AB
A.Y.2023-24 TURNOVER 1.32 CRORE AUDIT DONE U/S 44AAB
A.Y. 2024-25 TURNOVER 76 LAKHS WANT TO FILE RETURN U/S 44AD
IS IT POSSIBLE ?? OR COMPULSORY GO FOR AUDIT U/S44AD(4)

Sir

Mr X individual constructed Commercial Warehouse on Land and Let out to Gst Registered Person and charging GST also .

Mr X wants to shown rental income as business income and wants to claim expenses and claim depreciation on constructed warehouse .Rental Income more than 1 CR. Mr X keeps Books Of Accounts .

Whether Tax audit can be done in this case.

Thanks.

so if i have 2 buyers and 2 sellers and property purchased = 70lac

total sale value consideration would be 70lac(irrescpective of joint buyers and joint sellers)

and total stamp duty value and total amount paid/credited = would be 17.5 since 4 forms and lumpsum


dont i have to divide total sale value consideration by 2 ie 35lac for each buyer since each buyer will go for 2 26qb and putting 70 lac will increase the value of property in sellers 26as??

Before filing PAS-3 the Paid-up Capital was Rs. 16,56,000.

On 13/09/2024, PAS-3 form was submitted for Increasing Paid-up Capital by Rs. 6,72,000. So therefore the total Paid-up Capital after the approval should be Rs. 23,28,000.

But after approval the Paid-up Capital is Rs. 6,72,000 only in updated Master Data.

Once I re-check my filed PAS-3 form I noticed that I have submitted only Rs. 6,72,000 in Point 20- Capital structure post allotment instead of Rs. 23,28,000.