If in the F.Y. 2021-22 purchase value is Rs.30 lacs and Current FY.2022-23 purchase value is 35 lacs then the TDS Provisions u/s 194Q is applicable or not.
Mar 06, 2024
By: yramesh2007
0 Answers
I have filed my ITR and e-verified. Immediately, I received the notice u/s 139 (9). There was TDS of Rs 46,128 on maturity of my LIC single premium policy with maturity amount Rs 1422550 against policy amount Rs 500000 and gain Rs 922550 and TDS of Rs 46128. While filing online, I have missed out the credit part and have completed the process with tax refund of Rs 46128. So, I have received the notice. Can I file afresh or I have to necessarily reply to the notice?
Jul 19, 2023
By: asgopal12
We are exempted from Tax.We have gst registration in several states .We are expected so we are reverase all ITC. But material transfer from one state to another state tax bill prepared. We have to pay two times ITC for single material. Please advice tax guru
May 04, 2023
By: mukeshnataraj92
I have tofiled a updated return of 300,000as it's it is ist time return I want to show 275000 as a business income and 25000 as a salary in come but when return is filed it only pick 25000 only 25000 income is shown in return and 1000 is paid as a late deducted and there is no tax upto 250000 income so what we should do either our money will be refunded or it will file income as 300000 tell what is the solution
Jul 30, 2022
By: ektapapreja123
I bought a residential plot in June 2008 for amount approx 5 lacs and I gifted this to my wife in August 2021 and we want to sell this for amount 30 lacs now so my query is because my wife holding ownership of this plot less than 24 month. Is this a short term gain or is this a long term gain and calculated indexation from June 2008.please reply ASAP.
Jul 24, 2022
By: capuneet07
Annual premium of postal life insurance for financial year 2021 -2022 paid by party in march 2021. Is it valid for session 2021 -2022???
Jul 21, 2022
By: pkpangel
Q. A property had been bought by the name of firm in 1997 , in which mother and son were partners . No work was done in firm since ladt 10 years , so firm was closed nearly in 2020now if we want to sell that property, what will the procedure"
Jul 06, 2022
By: bawamaggo19
my daughter is a NRI. Her fixed deposites accounts in indian banks. income tax deducted on intrest (which is not exceed rs. 25000. for refund which form of incometax should be submitted for current financial year or assesment year 2022-23
Jun 20, 2022
By: cpjain14june
I am facing a problem while uploading the Form MGT-7A. Prescrutiny has been done. But while uploading the Form on mca portal showing "Form Properties not maintained". How to solve this problem?Â
Apr 29, 2022
By: patraandassociate
builder when we make gst payment after sales deed of shop sales or before taking advance booking amt
Apr 14, 2022
By: shriniwaspendkar72
HARDWARE KI SHOP PR SALE ME KITNA MARGIN LENA HAI?
Mar 02, 2022
By: dhoka151164
GST REGISTRATION OF PARTNERSHIP FIRM ON GST PORTAL IN CASE ONE PARTNER IS A PVT LTD COMPANY AND OTHER PARTNER IS INDIVIDUALGST PORTAL PARTNER DETAILSNAME OF PARTNER , AADHAR OF PARTNER , PAN OF PARTNER. WHAT DETAILS ARE TO BE ENTERED
Jan 01, 2022
By: UNIMED
My case is of ay 11/12 for which I paid full tax but tax department asked incorrect demand of 64000 .I represented by first grievannce. The reply was as fully resolved. But they did not correct the computer data. I represented by secon grievance but they are asking the same records again and again from me & delaying. Can I complain directly to chairman cbdt
Oct 01, 2021
By: ramshankar2552
Is Irn no. Compulsory to be mentioned in invoice
Sep 29, 2021
By: priyakhatter291994
1 Answers
The IRN generation will be required at the time of issuing the invoice or credit note or debit note by the seller. However, the taxpayers having more than Rs. 500 crores turnover
By: VaasanthiSanghvi
For financial transactions related to my house in my name and I made notorized GPA to wife is it valid?
Sep 23, 2021
By: winvinod798
It is the power given by a person to his acquaintance to carry out specific financial or legal businesses on his/her behalf. it is valid.
By: SaaryaBanik
ITC on capital goods for exempt services or export of service admissible or not
Sep 20, 2021
By: sairamroshni
Interesting I also don’’t know the answer please anyone want to help to find the answer?
Sep 22, 2021
By: EiravatiGupta
Return was filed for A.Y 2020-21 U/S 44 AD declaring Business Income of 4 Lacs on Turnover of 50 Lacs @8% For A.Y 2021-22 Net Profit on Turnover of Rs.50 Lacs is 422000 and full Balance Sheet & Profit & loss A/C are filled up in the Return. Whether Audit of A/CS is required although Profit is more than 8% ?
Sep 18, 2021
By: dvijayalakshmich
If a property is sold by husband and the capital gains earned by him are reinvested by him by purchasing property on joint name with his wife who has no source of income. In this scenario is the capital gains reinvested will be taken as full or half. Invested
Aug 17, 2021
By: 13sharanjeet
We had an agreement ( i and the dealer) in 2013 which was of 60,65,000 whose registre was done in 2016. At that point of time it was above the circle rate. Even after that ive got income text notice saying that the circle rate in 2013 was of 63,15,000 and the difference should be shown in income from others which is hidden. Is this whole situation correct? Please give suggestions and ideas.
Aug 14, 2021
By: harora16111974
We had an agreement ( i and the dealer) in 2013 that was of 60,65000