If an individual holds more than 2 residential houses, deemed rental rules apply under Section 22 of ITA. Do the rules apply if the individual holds multiple residential land plots i.e. land only with no construction?
I am filing ITR -6 online mode. I have filled all the applicable schedules but in the end after clicking proceed for verification error message appear "Kindly select applicable dropdown in column 2(i)".
The above message appear under Suggestion
But income tax site do not tell in which schedule applicable dropdown is to be selected. Under error description nothing is written. The message "Kindly select applicable dropdown in column 2(i)" only under Suggestion
How to resolve this issue ??
Would a RNOR (Resident but Not Ordinarily Resident) open a regular savings account or NRO account?
is there is penalty or charges for revised TDS return from f y 24-25
Dear Experts...
Company PAN showing Inoperative in TRACES website.
How to link Aadhaar to this PAN and to proceed with filing e-TDS return?
Generated an e-invoice for a tax invoice that includes both 5% and 0% rated items. However, for GSTR-1 reporting, the 0% sales need to be declared separately in Table 8, while the e-invoice data will be auto-populated in Table 4 as taxable supply. Reporting the 0% sales separately could lead to a mismatch with the auto-populated e-invoice data. Since issuing separate invoices isn't feasible for us, I would like to know if manual adjustments are allowed. Specifically, after the e-invoice data is auto-populated in Table 4, can I manually shift the 0% rated supply to Table 8 in GSTR-1 during filing, even if this results in a mismatch with the e-invoice taxable value?
TDS on Purchase of goods
I'm looking for clarification on the applicability of TDS under Section 194Q when purchasing foreign currency from a single vendor.
According to Section 194Q, it applies to the "purchase of any 'goods' of the value or aggregate value exceeding..." However, the definition of "goods" specifically excludes 'money' and securities.
I would appreciate any insights or references to relevant guidelines on this matter. Thank you!
IF TAX IS PAYABLE ALONG WITH INTEREST AND CESS BUT WHOLE TAX IS ALREADY PAID UNDER SELF ASSESSMENT HEAD IN TAX SUB-HEAD ONLY. SO, THIS CHALLAN IS VALID FOR TAX PAYMENT IN SUCH CASE?
Dear Sir,
I have a client who is providing freelancing services in the USA. The USA vendors give him Off-market Cryptos and gift cards in exchange for his services. These amounts if we calculate turn in approximately in crore in a year. He sells these cryptos as per their requirement in the market in terms of some percentage like 98% of vale etc.
What are the Tax implications when he sells these cryptos in India. these services will count as export of services or not. please tell me these too. he has LUT and IEC also.
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Deemed Rental on residential land holdings?