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Edsel Correya
This Query has 3 replies

This Query has 3 replies

Hi ,

Recently I brought an under construction apartment. The contruction is supposed to complete in Dec 2017 which is when the registration will happen.
I also came to know about the TDS needs to be paid for property > 50 L and mine qualifies for the same.
I had paid my previous installments ( bank to builder) without deducting the TDS ( 1%) . In this regard, will it suffice if I deduct the entire TDS at the time of the registration? Please help

Regards,
Edsel



Anonymous
This Query has 2 replies

This Query has 2 replies

11 May 2017 at 16:28

Correction of challan code

While doing self assessment tax submission, by mistake challan 286 is selected instead of challan 280. Please help in solving the issue.What all I have to submit along with the letter to tax officer.Please help to write the letter to tax officer.



Anonymous
This Query has 6 replies

This Query has 6 replies

10 May 2017 at 21:04

Cash bill without buyer's tin no

We are manufacturer of Gram flour, Peas Flour & Rice flour (Tax exempted goods). We are currently supplying within state limit and we don''t do interstate business. Most of our buyers are small shopkeepers or sweet stalls who don''t posses TIN nos. In this case,can i raise a cash bill in name of buyer for the goods purchased without mentioning his TIN no.Kindly advise.



Anonymous
This Query has 1 replies

This Query has 1 replies

03 May 2017 at 13:31

Turnover u/s.44ad

My total Turnover is Rs.27.00 lac during the financial Year 2016-17. Out of which, I have received Rs.25.50 lac vide cheques and 1.50 lac remaining receivable..May I declare income @ 6% on Rs.25.50 lac and 8% on Rs.1.50 lac u/s.44AD ? The outstanding amount of Rs.1.50 lac has been received by me in April,2017 vide cheque.


PARMANAND PRASAD
This Query has 1 replies

This Query has 1 replies

02 May 2017 at 17:56

Know your pan facility

After furnishing details efiling login page is being displayed, I.e. not useful link to know my PAN with Name and DoB.


Anoop Chitkara
This Query has 1 replies

This Query has 1 replies

A gifted his residential flat in urban area to his sons B&C. Now B&C want to sell it. On what amount capital gains tax will be paid? The amount on which tax registration fee was paid? or The cost of purchase by A? Would inflationary deductions be available in both scenarios?



Anonymous
This Query has 2 replies

This Query has 2 replies

30 April 2017 at 20:33

Ltcc on ancestral property

I a, going to sell a ancestral plot of land which was purchased by my father long ago for a consideration of about 5000/- The sale price would be about 50.00 lac. What are the ways and schemes which can minimize capital gain tax on the same..


shradhha gadak
This Query has 3 replies

This Query has 3 replies

29 April 2017 at 21:07

Regarding gifting process

1. I want to gift my parents around 4lakh on anniversary. Can I gift them through cheque. Do I have to do any written deed for it? Can they purchase jewellery with it in their name? 2. Can I directly gift them jewellery from cheque from my account. whose name would the jewellery bill should be then?



Anonymous
This Query has 3 replies

This Query has 3 replies

28 April 2017 at 21:40

Maintenance of accounts u/s.44aa

We are a partnership firm having a supply business turnover of Rs.27.00 lac during the financial year 2016-2017. Which ITR should we use ? If we declare income u/s.44AD, whether we are required to maintain account books ?



Anonymous
This Query has 1 replies

This Query has 1 replies

25 April 2017 at 13:05

Tds

Sir, there was a mistake in the TDS Return filed. We have wrongly mentioned the name of a person instead of another in the tds return. so what should we do to correct the mistake so that the right person will get the tax credit instead of the one who has been mentioned in the return? Should we revise the return or file online correction statement?