Sakshi Agarwal
This Query has 1 replies

This Query has 1 replies

16 May 2024 at 12:59

MOA/AOA of photography

kindly provide object clause of photography studio partnership business


Rahul Raj
This Query has 4 replies

This Query has 4 replies

09 May 2024 at 08:08

Person loan or withdrawal from gpf

As a government employee with an opening balance of 4,100,000 rupees in my GPF fund at an interest rate of 7.1%, I invest 20,000 rupees monthly. I'm considering taking a loan of 20 lakh rupees with an interest rate of 10.80% for 6 years. Should I take the loan or withdraw the same amount from my GPF fund? I'd appreciate suggestions from an expert.


Janardhan Torkad
This Query has 1 replies

This Query has 1 replies

Dear friends
I am a salaried employee as well as working as an insurance agent for Health Insurance Company.
Both Employer and Health Insurance company deducted my Professional Tax and paid to Maharashtra Government. So total Professional Tax paid to Government is Five Thousand(5000)
Is there any process to claim refund of Professional Tax?


Amit Sachan
This Query has 1 replies

This Query has 1 replies

28 April 2024 at 16:51

26QB related query

I have purchased an apartment and submitted form 26QB for a joint seller property. The seller took payment in one person and buyer deducted the tds on that payment to that one person on the request of seller. Now, after 1.5 years seller wish to correct TDS 1/2 & 1/2 of both holder of property. Due to credit of entire TDS on one seller, income tax department is wrongly calculating previous year tax. Is there any solution possible?


uma sharma
This Query has 5 replies

This Query has 5 replies

If i have purchased goods of rs 100 + gst 18 = 118 , my supplier allow me to sell at cost and reimburse me the the profit of 10 rs in each sale .
The reimbursement of rs 10 is shown as direct income or indirect (treating it as incentive) income tax and also suggest me gst implications from my side on this 10 rs.
If i treat it as direct income my income tax liability is lower . If i treat it as indirect my income tax liability would be highr


MONU P
This Query has 4 replies

This Query has 4 replies

Respected All Experts,

I want to know about tax liability on received of Rs. 9 Lakh of my share in my Bank account from sale of inherited property ( Father) which total cost of sale was Rs. 45 Lakh in Financial year 2020-2021. I am salaried person and i filed ITR-1 in financial year 2020-2021 only for salary income. I have not mentioned in ITR about received amount of Rs. 9 Lakh which was also showing in 26AS. I continued filed ITR-1 for salary for the financial year 2021-2022 and 2022-2023 regularly.

Now in Financial year 2023-2024 I purchase a flat of Rs. 28 lakh in March,2024 from Builder but possession of flat will be in june,2024.

(1) My query is to know about any tax liability arise due to not include income of sale of inherited property (father) in ITR of F.Y. 2020-2021 ?
(2) Second How I treat this Income received in F.Y. 2020-2021 in Current financial year 2023-2024 which ITR to be file in July,2024 ?

Thanks & Regards,

MONU P




vijay shekhawat
This Query has 1 replies

This Query has 1 replies

tds deducted during the March24 and what the tds deposited due date for that


Guest
This Query has 1 replies

This Query has 1 replies

23 March 2024 at 10:22

Help with PAN application documents

Hi
I applied for a foreign national PAN card through NSDL website and sent a copy of physical documents through post. I received an email stating
'Acknowledgement receipt has not been signed by the applicant.
We request you to Kindly submit specimen signature of the Applicant on a separate paper.'
I signed in an A4 size paper and mentioned my acknowledgement number as well. Yesterday I received the same email again.
My query is
How do I correctly submit my specimen signature?


Jagadish T G
This Query has 5 replies

This Query has 5 replies

Dear Experts...
I have a query that one seller not linked his PAN to Aadhaar.

But buyer does not aware of this PAN inoperative, deducted 1% TDS on immovable property paid and filed 26QB now buyer got demand notice of balance 19% (20% for inoperative; 1% - already deducted)
now my query is seller now linked his PAN to aadhaar.

How to clear this demand? Kindly help me.


San Gai
This Query has 3 replies

This Query has 3 replies

04 March 2024 at 19:59

Is LTCG double taxed?

I have Shares LTCG of RS 2 lakh. That means LTCG tax would be 10% of (2 lakh - 1 lakh) = RS 10000
My query is does LTCG goes through double tax i.e. LTCG Tax and Income Tax as per slab rate.