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Experts Query Daily Digest :23 May 2024



23 May 2024 at 15:17
Posted On : 23 May 2024

Purchase of Property for consideration less than Stamp duty Value

I had purchased a property in the name of my father who is senior citizen aged 70 years for Rs15,00,000 and the Stamp duty value(SDV) of that property is 37,50,000, Do we liable to pay tax on difference amount (SDV- Sale consideration) I,e 22,50,000.
Please note property purchased from cousin by mutual understanding for less value


23 May 2024 at 12:52
Posted On : 23 May 2024

FILING OF FORM 10BD FOR THE ASSESSMENT YEAR 2024-2025

DONATIONS RECEIVED FROM KIND CAN BE REPORTED IN FORM 10BD (IF NOT REQUIRED 80G CERTFICATE)


23 May 2024 at 12:43
Posted On : 23 May 2024

TDS demand for short deduction of tds of in-operative pan

If there is demand for short deduction of tds of in-operative pan deductee (TDS on Contractor - 94C) , for which we had made payment with interest for the demand before circular 6/2024 issued. How to adjust this payment of tds against demand for short deduction?


23 May 2024 at 14:04
Posted On : 23 May 2024

TDS on Security Charges FY 2024

Dear Sir,

I would like to know the TDS rate on Security Charges. Should i deduct TDS under sec 194J or 194C??



23 May 2024 at 15:06
Posted On : 23 May 2024

Bill of Supply and Tax Invoice not Issued within prescribed time

One of my client has not issued some bill of Supplies and Tax Invoices for Prev year 2023-24.
He has received payments in his bank account but forgot to issue GST Invoices, approx amount is 50-60 lacs time limit of 30 days have passed, and has already supplied goods, he is into Kirana business.
What is the solution now Please reply?


23 May 2024 at 15:02
Posted On : 23 May 2024

GST liability in case of expats/secondment

Pls. explain all the scenario of Expats taxation from prospective of GST on which amount GST is required to pay,
i,e, Indian portion or Total (Indian+ Foreign)