Hi All,
I doubt on TDS applicability in the below scenario:
Property : apartment booked prior-construction and will be registered post construction.
Land cost: 8L
Construction:41L
Total : 49L
GST : 5%
Total of GST: 51.45L
Seller: pvt company
Buyer : join owner(husband & wife)

Question:
1.Whether TDS PROVISION applicable for purchase value based on net (49L) or gross (51.45L)
2.Whether TDS CALCULATION applicable based on net (49L) or gross (51.45L)
3.As buyer is joint owner, the limit is considered based on each buyer wise also or only the total property value wise?
4.Whether TDS applicable in the above scenario

Please provide your suggestions.

Hi expert, due to some medical emergencies I could not submit the ITR within the stipulated time this year. Because of this, I would need to pay more as the tax regime got converted to new tax regime.

Request if any expert can help here.

Thanks,
sF

Suppose last date for uploading audit report of proprietorship firm is 7th oct 2024 and last date for filling his ITR is 30th oct 2024. Auditor upload the audit report on 6th oct 2024 i.e. before due date. Now audit report is pending acceptance by assessee. My question is that what is last date to accept audit report by the assessee. Weather it is 7th oct 2024 or 30th oct 2024.

Whether interest on partners capital allowed in case of loss ?

TDS RATE ON SAC 998596

I have filed my ITR under section 44AD now i have received notice u/s 131(1A) to produce books of accounts as i have not maintained BOA what should i do there is nothing mentioned in notice about which Documents is required by A.O the only thing mentioned is BOA should be produced
Its urgent pls give your suggestions ASAP

sir,
A Business it person sale turnover rs:3 crores above year f.y.23-24 books records computer system tally software used some tally data corrupted account records rewritten tax audit returns filed some time.
Question:
Assesee late fileing tax audit penality provision applicable.

Suppose I do business of purchase and sale of land.
What is business code for filling income tax return in this case?

shares purchased Listed and unlisted on 25th December 2022 and sold it on 25th December 2023,
whether it can be :Long term capital gain or short term capital gain in both the case.

A trust was not granted registration u/s 12A by the CIT Exemptions. Assessment order passed treating the entire receipts as taxable income. The trust preferred an appeal before ITAT against the order of the CIT( exemptions). ITAT remanded the matter to CIT Exemptions for fresh consideration. CIT Exemptions did not grant registration u/s 12A. The trust preferred an appeal before CIT Appeals online after a delay. CIT Appeals did not condone the delay. What is the next course of action. Should the trust file an appeal before ITAT against the assessment order or file an appeal for the condonation of delay. Can the experts explain please