Dear all,

Our company has given one vendor a comprehensive contract for the design, material procurement, construction, and installation of a Biogas plant.

I wanted to know at what rate TDS will apply on such a contract type.

Thanks & Regards,
Ravi Konda

Hello sir, I work as a freelancer in a Crypto Casino site as a chat moderator

The total amount of transactions came to 1.5 lac for the financial year.

Now my question is do I need to pay 30% tax?

Hello All,

Can some one help me with the Foreign exchange revaluation entry

I have booked the gain/loss monthly , but am confused about the revaluation entry as on 31st March

Sir,
May I know whether there comes RCM liability on the payment given to farmers for rearing of day old chicks.

HI ALL ,

Can someone help to put some details for ITR , in which Medical allowance and Medical expenditure deduction to be done along with Deduction under Section 80DDB. What is maximum amount that can be availed in that .
both for private individuals and cG staff .

Tax payable for salary 7- 10(Age for 45 -60) and (60-79) how much is tax payable with all savings .

Hi,
I have a query regarding capital gain on residential house property (RHP).
Suppose I sell my RHP1 that I bought in FY 2018-19 for 30 lakhs, for 80 Lakhs in FY 23-24. The LTCG from this comes out to be approx. 43 Lakhs.
Now I buy a new RHP2 in FY 23-24 itself for Rs. 60 Lakhs and take exemption under section 54 for complete 43 Lakhs. 54 Condition is to hold onto RHP2 for 3 Years and construct it.

1. Suppose I get a good opportunity and sell RHP2 in FY 24-25 for say 85 Lakhs. The exemption under section 54 will be withdrawn. The capital gain on RHP2 will be short term of approx. Rs. 68 Lakhs. So i have to pay short term capital gain tax on Rs. 68 lakhs.
A) Do I need to pay any tax on the initial capital gain withdrawn of 43 Lakhs?
B) Do I need to pay any interest as the initial LTCG of 43 Lakhs arose in FY 23-24, but was now deferred and now being payed in FY 24-25?

2. Suppose I get a good opportunity and sell RHP2 in FY 27-28 for say 85 Lakhs after holding it for more than 2 Years but less than 3 years. The exemption under section 54 will be withdrawn. The capital gain on RHP2 will be long term of approx. Rs. 68 Lakhs. So i have to pay tax on long term capital gain on Rs. 68 lakhs.
A) Do I need to pay any tax on the initial capital gain withdrawn of 43 Lakhs?
B) Do I need to pay any interest as the initial LTCG of 43 Lakhs arose in FY 23-24, but was now deferred and now being payed in FY 27-28?

I know it is a bit extensive. Thanks for your help in advance.

Redemption of Units in AIF Cat 3. I have redeemed 2 AIF after holding them for period of 9 months & 16 months. How Gains on above redemptions will be treated & taxed???

Sir,
If I made Turnover of 3cr in F&O and made loss of Rs. 10 Lakhs and only has Salary Income other than that. Is it mandatory to get Tax Audit or Should I file Normally. Since F&O And Salary both are through bank not Cash ?

Our GST registration has been suspended due to non-filing for six months, and a show cause notice was issued one month ago. Consequently, I am unable to file an application for the revocation of the cancelled registration on the portal. What should I do? Can I file the remaining due filings without revocation?

We are Register as a Partnership Firm.
We are Builders & Developers, We have Turnover 1.60 Cr in FY 2023-24
All receipt in Bank Accounts only
Can we file ITR 3 with 6% profit

Pls Suggest