Whether rent received from agriculture land is taxable or not ? Deductor has deducted TDS on rent paid.

If not, then is it considered as agriculture income as exempt income under the head other sources?

Dear Experts,
I am working with private limited company. We had received a advance of usd30000 from our overseas customer. Due to some reason we have been unable to fulfill their requirement and now we have to refund the amount. But the issue arise that am asking to my bank to refund the amount usd 30000, they are denying to refund money in usd. And said we can only remit the amount in INR equal to the amount received at that time. But at that time the usd rate was 72-73 and now the rate 82-83 if we return their money in INR then they have a loss of 2500-3000 USD. You please advice me on that the bank justification is correct. Here we are unable to fulfill customer demand which is our loss not their. Its very difficult to convince to the customer that we can refund only usd 27500. In case of Export our bank send reminders even for 1usd then how the overseas customer can accept the loss of 2500.

Can we use Form 15G for interest on FD deposited in a Nidhi company

Sir,
Our company 2021-22 Yr (26Q-Q4) TDS Returns some TDS Deduction amounts not showned. And also some TDS Payments are not done. Actually that TDS Deduction amounts & TDS payment are done by October-2022. Can we show the Current Year TDS Return (i.e. 2022-23 year 2nd Qrtr TDS Return). Or revised Return to be filed? Pls. let me know the reply sir.

Thanking Your,
G. Sasidhar Kumar
Accountant.
Hyderabad
my mail id : gsashidharkumar28@gmail.com

Sir,
A Gst registered composition scheme dealer sales of goods turnover rs:52 lacs only show in gstr-4 f.y.21-22 .but dealer sales turnover rs:60 lacs and commercial rent rs:1,20,000/- show in it returns in f.y.21-22.
Question:
1.Dealer difference sales turnover (rs:60 lacs - rs:52 lacs ) rs:8 lacs show procedure and tax pay procedure in gst act
2. Dealer commercial rent income rs:1,20,000/- show procedure procedure and tax pay procedure in gst act

As per Section 206C(1A) -
(1) A declaration under sub-section (1A) of section 206C to the effect that any of the goods referred to in the Table in sub-section (1) of that section are to be utilised for the purposes of manufacturing, processing or producing articles or things and not for trading purposes shall be in Form No. 27C and shall be verified in the manner indicated therein.

(2) The declaration referred to in sub-rule (1) shall be furnished in duplicate to the person responsible for collecting tax.

(3) The person referred to in sub-rule (2) shall deliver or cause to be delivered to the Chief Commissioner or Commissioner, one copy of the declaration referred to in sub-rule (1) on or before the seventh day of the month next following the month in which the declaration is furnished to him.

My doubt is that what would happen if we don't deliver one copy of declaration to Chief Commissioner or Commissioner as per Clause (3) above.

Hello Experts,
I am facing an issue, while replying to a notice on Compliance Insight Portal, i have filled all the mandatory fields like Response/Remarks, uploaded needed documents, when i click on Submit button, I get a pop-up window says Info "undefined", only button available in this window is "Ok" button, as soon as we click on ok, we are back to Response Submission page. Apart from not able to submit response , nothing happens. Already opened Grievances & tickets on Compliance & Income tax portals but nothing helped till date. Its already couple of days gone with same error msg.

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Hi All,
I recently purchased an immovable property-flat-value around 54 lacs. The amount is being finance by bank to extent of 70% and rest is paid by Downpayment of 30%.
Just wanted to understand when I deduct TDS how to arrive at the value on which TDS is to be deducted and how to pay 1% less since bank directly transfers amount to builder. Also please help understand GST and it’s implication while arriving at the value of property. Please guide them will deduct tax accordingly. Thanks, TS

Sir,
It assessess purchase of site joint property rs:48 lacs (names:A,B,C) rs:48 lacs name : A show as per 26as .
Question:
Assessess above purchase of site transaction show procedure in it returns.