I had an old house which has been taken over by builder. To compensate the same he is paying certain amount of money and also the flat in the new building after demolishing the old building. In this case I would is the money received liable to capital gain?.
If an individual gives cash as gift to his parents, will that reduce his taxable income.
If so how can he prove that he has given cash as gift to his parents to claim deduction from his taxable income, i.e what are all the documents he has to produce to prove the gifting of cash to his parents.
Thanks in advance for your clarification. If you have any supporting case law is highly helpfull
in any work contract where material required for execution of work is suplied by contractor, tds will be deducted on work portion of contract or on the full value of work contract.
our is a pvt ltd company-
pl clarify whether the following payments attract TDS, if so mention section :
1] Travel agent invoices for booking Air Ticket for foreign travel and inland travel
2] Road transport bill[of GTA] on import of machineries, amount Rs 1,80,000/- ; paying service tax @ 3.09 %, if tds is to be made then what about tds on service tax amount
awaiting your response
Ours is a pvt. ltd. co. Kindly tell me that whether we can give interest to the unsecured loans taken from the Directors of the pvt. ltd. co. also tell me that whether those unsecured loan taken from the Directors of the pvt. ltd co. can be repaid. Although we have secured loan taken from Banks. Please answer my query from the point of view of income tax as well as companies act.
Who is Liable to Deduct TDS for Payment of Professional Fees?
what is the last date for deduction & payment of incometax for salaried employees?
what is the last date for deduction & payment of incometax for salaried employees?
when the return is filed online without using digital signature, it has to be filed manually within 15 days.
what has to be done if the return could not be filed within those 15 days?
will we have to file a revise return??
As per Section 192 while calculating tds on salary,Amount received from previous employer is to be considered. My question is Whether Amount of salary and TDS deducted by previous employer will be reflected on TDS certificate Form-16 of the Current employer.
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Tax on receipt of money from builder