Dear Sir/Madam,

Mr A had a flat in a building in Navi Mumbai that was not in good condition. So the Flat fetched a lesser price (Rs. 23 lakhs) than the market value as per stamp duty valuation (Rs. 29 lakhs). The condition of the building was really not good and also had many municipality and water problems.
My query is as follows:
1) Is there any transaction limit for reporting the sale of a flat in ITR even though it fetches a lesser price? I mean sale price is just Rs. 23 lakhs and there is also no capital gain then is it necessary to file the return?
2) Will Mr. A get a notice from the IT dept as the sale price is less than the market value as per the registrar?

Kindly guide.
Thanks & Regards,
Suraj

If a videography is taken for appraisal of class taken by Lecturers, under which section the tax will be deducted at source from the payment?

And what will be the nature of such service?

I would like to know whether MBBS doctor or dental doctor is liable to get GST registered after crossing the threshold limit of Rs 20 lakh or fully exempted.

Hi,

If a company is calculating TDS for a contractor who qualifies for Section 44 ADA, should one check the tax slab after applying the allowed deduction of 50%? Background -- We need to pay professional fee to a Doctor who is eligible for presumptive taxation under Section 44 ADA. The contract is in the nature of Employer-Employee relationship because there are several restrictions on the Doctor's ability to work elsewhere. This means that TDS should be calculated under Section 192. (https://taxguru.in/income-tax/payment-independent-consultants-liable-deduction-194j-192.html )

Kindly guide.

Regards,

Hi,

I filed TDS return for FY 2022-23 (Q4)on 31st may'23, it is processed with defaults later on filed TDS correction return. Correction return status showing as rejected at efiling without intimating any error. two times done still same status, How to proceed?

Is it mandatory to deduct TDS by flat owners for the payment done to a party from their collective bank account?. They are registered under 'Association of person'.

Collective Bank account in the sense, all the flat owners transfer their maintenance amount to a single bank account which opened under flat A/c and from there the payments are made.

Eg: If they pay an amount of Rs.110000/- to a contractor for garden maintenance. Does the flat owners need to deduct TDS.

Sir

Can we go for ITR or wait for some time

Please advise

Hi,
Can any one resole my query??
Query is:
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Tax amount 61760(ccst=tngst)
wrong sales value 617600
actual value 1235200
how to correct the mistake

In a company audit whether an auditor can give multiple opinion?
example qualified opinion regarding some aspects of financial statement and disclaim with regards to some other aspects or adverse opinion with respect to some aspects?

Whether the types of opinion is mutually exclusive( only one opinion in one report?)
Please any one reply me