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Posted On : 13 January 2026
Investment in Two Residential Houses
An assessee does not own any residential house property on the date of transfer of a long-term capital asset (other than a residential house). The assessee proposes to purchase two residential house properties out of the capital gains.In such a case, can the assessee claim exemption under Section 54F in respect of both the houses, or is the exemption restricted to investment in only one residential house?
Further, does the one-time option of investing in two houses (capital gains up to ₹2 crore) apply to Section 54F as well, or is it restricted only to Section 54?
Posted On : 13 January 2026
Insolvency and Bankruptcy code 2016
X Ltd registered with RBI as NBFC, has defaulted in the payment of due to its catering contractor. Whether catering contractor can initiate IRP under IBC 2016 against the company as an operational creditor.Catering contractor is Partnership firm
Posted On : 13 January 2026
In Reply To :
Input credit on sports event
Yes, except food bill.
Posted On : 13 January 2026
In Reply To :
TDS on rent paid to NRI rate
Yes, correct. TAN is mandatory in such case.
Posted On : 13 January 2026
In Reply To :
TDS Under Section 194IA Where More than one Buyer and More than one Seller
Yes, query will be raised for less TDS deducted. Better consider it on proportionate value.
Posted On : 13 January 2026
In Reply To :
Treatment of Proceeds from sale of Jointly held Flat
It will not be total loan amount for C, as there is no specific declaration in the agreement. Any excess paid by C can be reimbursed by other two co-owners.
Posted On : 13 January 2026
TDS Under Section 194IA Where More than one Buyer and More than one Seller
Respected Sir,Propert Value is 60,00,000
Buyer is 4
Seller is 2
While Filling Form 26QB in Column Total Value of Consideration (property Value ) is 60 Lakh or Proportionate Basis respect of One Seller i.e 7,50,000 Rs.
on You tube Channel Name CA GURUJi suggest TDS on full property value, while other professionals suggest proportionate value.
Kindly clarify the correct legal position
We Entered Full Value i.e. 60 Lakh So any notice Will be Received ?
- LTCG ON SALE OF RESIDENTIAL LAND
- Refund of return filed for deceased
- Amount received in account which was given to sons as gift
- ISSUANCE OF TAX INVOICE IF CAR/BIKE SOLD SHOWN IN FIXED ASSET
- GSTR 1 CAN NOT BE FILED AFTER 3 YEARS
- Guidance Required on Raising Sale Invoice & E-Way Bill for Machines Already at Customer Premises
- LTCG loss on delisted shares
- Want to zero reversal electronic credit reversal ledger
- Generation of eBRC in DGFT site for Multiple IRMs against single shipping bill with teo Invoices
- Money returned by sons given as gift
- Licenses/registrations to be updated for change in name of company
- TDS on rent paid to NRI rate
- 80G deduction eligibility
- Share valuation MTHOD
- When the late filing credit will available to ISD for Distribution
- Input credit on sports event
- Treatment of Proceeds from sale of Jointly held Flat
- GST on Tobacco - as per new notification
- Cant amend a 26QB
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
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