Respected Sir,

We Have paid TDS on Rent at 10% considering 1,80,000/- crietria Instead of 5%, for responsible for paying to a resident monthly rent exceeding Rs 50,000 under Section 194-IB with effect from June 1, 2017,

What will be the Rectification need to be done .

kindly help Me in this regards

Thanking You in advance

hello
all

I am working in partnership firm which has rented office premises and they entered into Leave &Licence Agreement with the minor though her guardian. Now the question is firm pays rent to Minor so tds deductions will be from her name as a deductee and pan of the minor ...

please help me in this regard

A party deducted tds for Fy 2007-08 but TDS Return not filed.
but now party wants to file TDS return for the same.
As per 234E there is a late fee for late filing max. upto TDS amount.

So is it possible to first file NIL TDS return to avoid late fee than file revised return for the same.

A resident ( as per Income tax Act,1961) Indian citizen has a flat in Singapore
purchased five years back. He is selling it now. Can he index the cost of
acquisition. If there is capital gains, where he has to pay income tax
ie., in India or at Singapore. Kindly advise.

Sir
I gets HRA 5000/Month and i pay rent rs 7000/ month. Can i get any exemption or deduction under section 80 tta. If yes, do i need to submit rent receipts to income tax dept.

Sir,

I want to know that the if I purchase house under the scheme of pmay clss and I get the subsidy under this scheme. Then this amount is taxable under my income tax.

Please guide me sir.

Thanks in advance to all our experts.

We are purchased one Machine from Bangaluru for rs. 2,54,40,800 inclusive GST. How Much Input taken on Capital goods 50% or 100% also Depreciation

We have given contract of Rs. 61000/- for Canopy work for our office.50% advance payment made Rs. 30000/- balance to be paid whether the TDS need to be deducted or not

ITR 1 is auto calculating deduction limit on home loan under 80 EE. but limit is 200000. please clarify

If Mr. A & Mr. B orally partner 6:4=10 since 10 year but not shown in balancesheet as a partner. Can Mr. B claim for Goodwill.?? In this case Only Mr. A working partner