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One of my client had invested in Category 3 of AIF last year, and have redeemed the amount in current year. During that period the fund house had shown income generated from liquid funds net of TDS & also on redemption the fund has deducted TDS and have remitted the proceeds to bank account. I want to know how Net return on capital contribution will be taxed in the hands of Investor.
Will it be taxed at 15% as short term or some other ways?
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Can anyone help to clarify one TDS concept. Like I want to know that is there any TDS category where retrospective calculation is done in Cumulative Threshold?
Thank you
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Background:
This is basically a logistics company, we engage X Transporter for shipping goods from location A to B. We pay freight to X Transporter.
In turn, X Transporter will find the available vehicle in the market, lets say Y Transporter. X transporter will pay Y.
We dont involve Y Transporter at all and we deal with X Transporter only. X Transporter does not own any vehicle and Y transporter owns vehicle.
Since, I dont involve Y Transporter, shall I get the declaration from X Transporter since he (X tranporter) is not owning more than 10 vehicles and will pay X Transporter without deduction of tax at source.
Is it permitted under 194C? please let me and if you have any legal backing please share it with me.
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Respected Sir/Madam,
Anyone have Format of Annual report of Societies Registration Act, 1860 of Haryana?? Kindly provide ...Regards
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I HAD TO PAY THE TDS ON THE SALE OF IMMOVABLE PROPERTY IN LUMPSUM BUT BY MISTAKE I DID IT IN INSTALLMENTS.
CAN IT BE CHANGED NOW?
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I want a list of all the CA firms that provide capital markets & fund raising services.
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Respected Sir / Madam
I am working in an Organization registered in Ahmedabad, Gujarat and they are working in Andhra Pradesh. Now we want to apply for FCRA Registration from Andhra Pradesh. Is it possible to apply from other State. Requesting you please suggest an idea for that.
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Hi Team,
I have purchased a house and paying the builder in installments. I did the last installment on 30th Apr 2023. But I havent made the TDS payment of 1% on this payment. How much fine I'll have to pay to file the TDS now?
Is the Late filing fees under section 234E applicable to me in this case?
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Re: Cap Gains. My friend wants to know if he gets net cap gains of Rs30 lakhs on sale of immovable property, can he invest Rs20 lakhs in new prop purchase and the remaining Rs10 lakhs in Cap Bonds to claim full exemption under LTCG by following the guidelines as per Sec54?
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Hi
We need excel format valuation report for general insurance purposes for estimate .if any one have kindly share
AIF - Category 3