Hi,
I hope you all are doing good.

I am planning to sell my land which was bought by my father long ago.
I am a resident of uttarakhand, district dehradun.
The details of land are as follows:

purchase price- Rs 68000
purchase year- 2003
location- somewhere in dehradun
intended SP-Rs1.4 cr
selling year- 2024
size of land- 2212 sq yards.

Now my financial goal is -a low risk investment, with maximum returns, with a minimum of tax liabilities

My query are:
1.What would be my capital gain?
2.How should I invest the capital gain as per my financial goal?
3.I know my financial goal seems a bit tricky to achieve as it requires striking a fine balance between my requirements, which might be quite strategic to acheive, however, I would be pleased to know what financial instruments & schemes should I invest the money in?

Thanks!

Dear Sir/Madam,

We have a service contract with Govt regarding social audits for different states (Block level-under MNREGA). Currently are paying salaries for 250 auditors, while we are facing EPF compliances due to non-KYC. CTC is 10-15k pm based on the no of audits. Can we deduct their TDS under section 194J instead of EPF? All employees are on a contractual/daily wage basis. Please advise. Have any circular or notification regarding the same?

Hello!

Me and my wife purchased an under construction property on September 7 2024 and are paying installments

So far, the installments have been for
September ( TDS paid )
October ( TDS not paid )
November ( TDS not paid )

On November 17, we registered our property

I'm paying the TDS for October today. In that case, what should I enter in the date of booking/agreement while submitting the Form 26QB?

Prior to registration, I have been using the Booking date of September 7

Secondly, since there are multiple buyers involved, what should be the value in the Total sale consideration value? The property is for 1.6cr, so should it be 1.6cr each or 80L each? I have been getting different responses from different CA's

what would be the journal entry of sundry debtors write off.
and what would be impact on tax purpose.

Would a RNOR (Resident but Not Ordinarily Resident) open a regular savings account or NRO account?

Why would buyer insist on paying in white for land purchase?

So many problems in IT portals.
https://www.tdscpc.gov.in/app/login.xhtml?usr=Ded
I registered on traces portal earlier and got username and password to login as deductor. But now, it is not logging in
My 27Q form is submitted, verified and accepted. I need to issue Form 16A to the NRI seller.

-----------------------------
1) When I login to Traces website as a deductor with TAN and passowrd, it says 'Invalid details'

2) When I ask for 'Forgot user Id' with TAN, it says u are not registered with Traces.

3) When I try to register to traces as new user it gives following error messages
Register as New User

Validation Details
Please enter TAN details as per details from "Know Your Tan Link" on incometaxindiaefiling site

Already registered on e-filing site.
Invalid Details could be because of
i. TAN Not Available in TAN MASTER OR
ii. All the statements filed for Financial Year 2009-10 and onwards are in cancelled state OR
iii. All the statements filed for Financial Year 2009-10 and onwards are NIL Statements (having ALL challans with amount=0)

Only God knows what they have written..
Anybody faced similar issues and any solution for the same?

Hello Friends
I've filed the 26QB with a delay of 4 months. The challan status is showing as fully consumed but when I'm requesting for form 16B getting the status as failed in traces website. Please suggest what to do.

Thanks in advnce.

Dear Sir/ Madam,

Can I go ahead with the following details. The confusion is relating the value of "Amount on which TDS to be deducted". If you can kindly suggest.

Total Value of Consideration (Property Value) - 63,00,000/-
Payment type - Installment
Whether it is last installment ? - Yes
Total amount paid/ credited in previous installments, if any (A) - 58,00,000/-
Amount paid/credited currently (B) - 5,00,000/-
Total stamp duty value of the property (C) - 63,00,000/-
Amount on which TDS to be deducted (D) - 63,00,000/-
TDS Amount - 5,000/-


Thanks & Regards,

I would greatly appreciate it if you could provide us with information on whether TDs are applicable for the TOEFL exam which we are conducting for our Inhouse facultys and under which section it fall.

Total amount is costing too 80500/