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Ashish Kumar Pandey
29 April 2024 at 13:29

TDS on sale of property March 2024

Dear Sir,

If purchase a property-Land of Rs. 2,00,00,000/- on 15/03/2024
Registry date 15/03/2024
Payment Date 15/03/2024

Then which is the last date for TDS payment and filing of form 26QB.

30/04/2024 it is correct


Prem Moolwani
29 April 2024 at 11:26

Uses of Credit Card through UPI.

I have made payments of house hold exps approx Rs. 9,00,000/- in FY 2023-24 through UPI Linked PNB Rupay Credit Card at various Shops/Showrooms/Malls etc. at different UPI Scanners. My credit Limit is Rs. 50,000/- per month. In previous FY 2022-23, I have filed an ITR of Rs. 6,50,000/- of Gross Total Income. Will I receive any Income tax notice for using credit card? Give your expert advice?


Parli S Raghuraman

My client has a house property registered in his and his spouse name.His spouse has been declaring income from property(let out) in her IT Returns so far.Would clubbing of income apply?

My client wants to declare the same income in his IT Return from the current FY onwards.Is this ok?Of course,his spouse would not declare the income from property in her IT Return now onwards.

Pl clarify


kollipara sundaraiah

Sir,
A Doctor maintained a private hospital tax audit itr filed every year purchase of medical equipment and other materials rs:50 lacs for March -24 repayment 15 days below period.
Question:
Repayment 15 days below sec 43 b(h) provision applicable or not applicable


Umapati Mishra
28 April 2024 at 13:51

Taxation of gifts from relatives

I know that gifts from specified relatives is tax free. But, I want to know whether gifts having value more than Rs 50k per FY from brother's son are taxable.

Umapati Mishra


Pankaj Saraf
27 April 2024 at 13:35

Installment Payment in Form 26QB

While In Under-construction purchase of property multiple installments are being paid. My Questions are
1. Where Multiple Purchasers are making payment (Say Agreement Value is 99 Lacs)
a. What will be Value of Property i.e. Complete Value i.e. 99 Lacs or as per Share of Ownership i.e.
33 Lacs.
b. In Subsequent Installments payments what will be mentioned in Previous Installments paid (Say total installment paid Rs. 33 Lacs coming to 11 Lacs Each owner)
i. The share of Installment paid by respective owner: or
ii. The total of Installments paid by all purchasers together


Venkatraman Iyer

Hello,
Please can someone clarify or guide me with regards to PE in India. What are the criteria's that should be met for establishing a PE in India by a Foreign Establishment. Are there any limits on travel by the personnel from Foreign Establishment.

Thank you in advance.
Regards


Mohammad Safwan
27 April 2024 at 00:33

Interest free loan to another trust

I have two trust. Can I give loan to another trust with interest free loan???

What will be it's tax treatment in both the trust

Kindly reply


Tamanna Kapoor
26 April 2024 at 23:06

Mediclaim Deduction for parents

If an assessee has paid for mediclaim premium of his father, however the father is the policyholder, insured and proposer of the policy, can the assessee take deduction for the same on the basis of mere payment of father's mediclaim premium or will the father here be eligible to take deduction.


Krishna online
26 April 2024 at 18:11

Short term capital gain on equity.

Dear Sir,

Rina 30 female has equity short term capital gain for 4 Lakh and 20K
other income for FY 2023-24 then she have to deposit INR 60000 tax to govt on special rate @15% or there will be zero under new tax regime kindly help
thanking you!
krishna