Good Day.
When a company buyback the unlisted shares, is it required to deduct any tds from the amount payable ?
I understand company has to pay tds for buyback but not clear if company is required to deduct any tds while paying to shareholders of such unlisted shares .
Please help with the correct position in this regard.
Thanks

Sir please advise if accrued interest on Home loan can be claimed for deduction. The intrest is accrued during moratorium and actually not paid.

Respected Sir,
My client is a senior citizen as per income tax act. He has received the amount form PNB on maturity of policy named PNB Met life policy.
So I want to know that the amount received by him will be taxable or not.
He chose new tax regime

Although my original and revised returns always processed within 10 days always. But I filed updated return in January still more than one month but not processed. Kindly tell when can I expect processing and why it is taking more time in case of updated return

WHETHER THERE IS ANY TIME LIMIT FOR FILING RECTIFICATION U/S 154 FROM THE DATE OF FILING ORIGINAL RETURN?

Hi Sir/Madam,

My Company purchased a fixed asset for Rs. 51500. Out of 50000,Rs.1500 is for transportation charges. Whether TDS applicable on Transportation charges of Rs. 1500?

Dear Experts,
1 A company is having the opening WDV for ups batteries as on 01-Apr-2023 say for Example Rs 1,00,000.00
2 During the current FY, it sold all of them for Rs 30,000.00 dated 31-Jan-2024
3 Now the calculation for depreciation to be considered for 12 monthly?
4 How the accounting treatment to be carried out.
5 Please confirm

IF PROPERTY PURCHASED FROM NRI AS ON 01/01/2024 AND TDS IS DEPOSITED AS ON 06/02/2024 IS THERE ANY INTEREST APPLICABLE IN SUCH CASE?
AND IF TDS RETURN OF FORM 27Q CAN BE FILED BEFORE THE END OF QUARTER 4 OF F.Y.2023-24?

Dear Experts,
1 A company is availing the service from its service providers, who is a GST registered person
2 For the purpose of carrying out this services at various branches of the company, the service provider incurs some travelling expenses.
3 The service provider will not submit any proof for their travelling expenses.
4 Just they will add this amount in their invoices.
5 Whether the TDS will attract on this travelling expenses.

Notice under e-Verification Scheme, 2021 of the Income Tax Act, 1961 how to reply it ,