123456
03 November 2020 at 21:58

TDS on sale of property

sir,

please answer the following questions:-

1) if a US citizen who has a property in India and wants to sell by giving GPA to his cousin, what percentage of TDS , will be deducted by buyer on sale value.

2) if he personally visits India in order to sell his property. what percentage of TDS will be deducted by the buyer at the time of sale . (he has Aadhaar and pan card too)

Thanks in advance.


prasad dasgaonkar

If PF amount is more than 50000 and need to withdraw before completing 5 years with employer, than how much TDS (%) will deduct on withdraw amount.


S Mahesh
21 October 2020 at 12:27

Gratuity

I understand that gratuity is 4.81% of the basic pay.
But some firms include it in the ctc, while many do not.

Suppose it is included in the ctc, and say company is witholding 3000 Rs. /month from my take home, then if I leave after 5 years, I will get the entire accumulated money, I understand that

But Suppose gratuity is included in the ctc, and say company is witholding 3000 Rs. /month from my take home, then if I leave after 3 years i.e before 5 years, in this circumstance, can I be eligible to claim the entire accumulated Gratuity which has accumulated for 3 years as ex-gratia.




Amar nath Dhawan

I am not able to get DM Circle rate of 2001-2002 of Jankipuram areas ALIGANJ Lucknow so I may able to caculate Capital gain on sale of land.


Vijay Kumar
12 October 2020 at 00:09

Residential property defination

as per my CA BDA/society allotted site residential property since they have civic aminites, where as revenue sites , land, plot are not included. He filed ITR under section 54 to save the LTCG from sale of BDA site invested in purchased of FLAT. I have followed all requiement of 54F still he filed under 54. I any notice rised by AO , can I convince him .


sankar ponnan
29 September 2020 at 11:29

AGM

SIR
We are private Ltd company and have completed first year of business. We have to conduct the AGM within 18 Months from the date of incorporation (i.e) before 30-09-2020. Unfortunately, We could not finalize the accounts due to covid-19. Can we conduct AGM after 30th Sep 2020?
Plz guide me sir
thanks in adv


sankar ponnan
28 September 2020 at 18:18

Trading Under Udyam registration

SIR
I am a proprietor and doing trading business. It is not covered under the nature of Manufacturing / Service Category.
Udyam Portal allows only the above sectors and not for trading sectors.
Can I get the Udyam registration for my business?
Guide me Plz
thanks in adv


sankar ponnan
28 September 2020 at 16:04

TDS Payment

SIR
If we pay tds for F.Y.2019-20, Can it be adjusted against the liability of the F.Y.2019-20 ?
In case if there is no chance, Can we pay it at the time of filing ITR?

guide me plz
thanks in adv


faiz ahmad
24 September 2020 at 10:49

TDS certificate Form 16B

Dear Sir,
While i am going to download from 16B, it show "No data available for specified search criteria.".
Kindly guide me.
Thanks
Faiz Ahmad
faizahmadazmi@gmail.com


SHEKHAR SALUNKE

I am a salaried tax payer, obtained form 16 too.
1, I have claimed the PPF amount upon the death of my wife in the month of march 2020.
2. I was given a demand draft and the same is encashed in my account, amount being 9 lakhs 45 thousand.
3. Immediately I have initiated two fixed deposits of 1 lakh and 8 lakh, in my sons name (Son aged 20 years), at his SBI account. Son is a student and has no income. He earns interest on the FD of the said amount.
Questions;-
1. Will the amount be taxable for me? if yes what is the tax payable, if no under what section should I claim exemption.
2. Will my son eligible for the said amount of the initiated FD? if yes what shall be the tax amount?
3. Will he have to file the ITR and what number is it ITR1. under which section should tax exemption be claimed for my son for his lifetime first ITR1?

I am to prepare and file ITR1 on my own at the efiling site.
Please guide me regarding my each query in detail.
Thank you,
Mr. Shekhar Salunke
email; shekharsalunke1@gmail.com