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Sesha

Hello,
I am planning to buy a property and wanted to pay TDS through the e-paytax in www.incometax.gov.in. When filling Form 26QB, the Seller PAN was requested. On entering the PAN of the seller, i get the message "Error : User ID does not exist, Please Retry ". I have checked for the correctness of the PAN. Due to this, the data of seller does not appear and i am not able to continue with the TDS payment.
Any information to resolve this issue will be very helpful.
Thank you.

Regards,
Sesh.

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kollipara sundaraiah

Sir,
A RTP maintained a pharmacy Stores turnover rs:1.50 crores yearly regular scheme in gst act.
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Dealer purchase of medicines credit based payments msme provision sec 43(b) applicable.

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Chandra
28 September 2023 at 11:31

26QB correction help required

I bought property in mumbai and paid 1% TDS of property value..on the same day I got default notice to payment Additional 19% as a penalty because seller PAN and Adhaar was not linked later we got it linked and filed correction in traces but still got the same default notice....now how to get this notice null & void since PAN and Adhaar both are linked now

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Nipun
17 June 2023 at 09:41

Capital gains taxi to be paid?

I have a scenario like this.
I have stocks as RSU in US and they vested in 2010-2019.
these stocks I sold then partially in 2019 and I invested that amount in buying a house A.
I also had a house B in my name which I sold and re invested that amount in another plot to construct a house C.
I did a gift deed to my wife for house A in 2023.

In 2023 again I have bought a plot to construct a house. I have the above stocks left as RSU in US and I want to sell them and use that money to pay for the land and construct a house D.
So as per section 54 can i avoid capital gains tax on the amount after selling those shares as I am investing that in construction of a house D

I only have plot C in my name as I have gifted the house A to my wife and will own plot and house D now.

Kindly advise.

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Sri ram

As per Rule, any value of gift received higher than Rs 50K become taxable under the section 56. (Lets assume not through relatives) if it is declared by the receiver does it get exempted to the person who gifts the same? if not allowed, will it not become double taxation in the hands of receiver, if his income falls in income tax slabs?

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priyanka karandikar
15 June 2022 at 18:11

ITR U filing

How to file ITR U online or paper form only is available?

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Manisha Salve
17 March 2022 at 16:41

Ptrc revised return policy

Sir I have paid PTRC for Mar 2022 . Also Filed return for same but when I submited my Form III b there I saw I did not filled details of payment and it shows that there is amount payable of my PTRC please help me fix my mistake.

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Mahabir Prasad Agarwal
01 July 2021 at 14:31

1st ITDS Return for FY 2020-21

Whether 1st ITDS return (ITDS U/s.194A) is to be filed manually only and not online ?

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kollipara sundaraiah

Sir,
One of the it assess two wheeler and air conditioner purchase for personal purpose.
Question:
Assess two assets how to show procedure in books and it returns under gst and it act.

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NITIN DAYALJI DAVDA
14 June 2021 at 16:42

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Recently death of my friend occured he was regularly filing income tax returns, his last three years income was 4.5 lac, 5 lac & 5.5 lac resectively. How much benefit can be claimed by his legal heir from IT department ?

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