Dhirajlal Rambhia's Expert Profile

Queries Replied : 16724

"Selfless service is the highest form of worship." - Swamiji

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Bimal Shah says : Tax on Goodwill
Yesterday you mentioned that I have to pay 20% tax on Goodwill under section 112 But I will be getting goodswill in FY25-26. So is tax 12.5% or 20%?

Apeksha Jain says : Refund of TDS on cancelled property deal
I followed the process suggested by you for claiming TDS refund on cancelled property deal. On entering challan details, when I click 'View Challan details, challan details are not displayed. Instead there is a remark in red "Refund request can be submitted for OLTAS challan (s) where available amount in challan is equal to or greater than ₹1." Please guide. Do I need to revise my 26QB first, If yes, what changes should be made in that?