An assessee purchased an immovable property for Rs.65,00,000. He has deducted TDS @1% and while filing Form 26QB by oversight the PAN and address of the Transferee (Buyer) was mentioned as Seller (Transferor) and vice versa. Challan was accordingly paid in the PAN and name of seller instead of buyer. Please suggest remedy. Thanks
Form TRAN 1 which was filed OCT-18 is not being downloaded now what to do ?
Dear Sir\Madam,
I request you to please guide me on the above subject i.e. the Director wants to transfer his shares in the name of his employees in free of cost as he wants to retire from company. So my question is any tax liability arise to the director for transferring his shares to employees under the head of capital gains?
Sir,
It assess source of income two types
1.fees collections income
2.sales of medicines income
Question:
Assess benefit of old or new scheme it returns filed two business person.
hello expert
recently i filed my first itr and i made some mistake plz help
1. i am a freelancer helping people with accounting and consulting in filing for pan and linking process for which my GReceipts where 92000 and profit was 65000 cash 10400 i foolishly filled itr 4 under section 44 ada in under profession of accountancy with no current account i am an mcom graguate
2. i dont think i will be continuing my profession as i have joined a job and have no ffree time.
3 i know opting out of itr 4 or 3 i will lose the presumptive scheme for 5 years which i dont think i should lose
i am also scared of getting a notice from IT and have not slept for 2 days of scare
my main reason for filing itr this year is to show my freelance income as i have applied for TA exam in which i put PGBP as my employment
i think i want to show my income in other souces as freelance and not claim benefit of 44ad or ada
but as i have filed my income tax can an expert help me in this mess
plz plz plz help
Any expert may please share RTGS /NEFT UNIT (Specialized Bank Audit) audit checklist!!
Thanks in advance.
Sir,
It assess AIS information download recently bank cash deposits and withdrawals transaction mentioned below . example:
Q.no.1.SFT-004 cash deposit in bank sb account rs:12 lacs
2.SFT-003 cash withdrawal in bank sb account rs:10 lacs.differnce amount rs:2 lacs cash at bank treatment
Q.no.2 1.sft-004 cash deposit in bank sb account rs:10 lacs
2.sft-003 cash withdrawal in bank sb account rs:12 lacs difference amount rs:2 lacs cash on hand balance treatment
Hi,
1. Does a company who wants to design websites for clients outside India and receive payments in Dollars via wire transfer requires to register for IEC number (Import Export Code.?)
2. When we purchase services like Web Hosting Servers from vendors outside India, we pay GST via RCM method and claim input credit. But there is no way to deduct TDS for foreign vendors as they don't have any tax registration in India. So how do we handle this?
Hello Expert,
We provided some installation & operation services to Maharashtra & Karnataka location, service received in India but service recipient is in Germany.
The payment of above service will be in foreign currency i.e. from Germany, here we will issue invoice of Commission charges.
1) For above transaction what will be the tax applicability.
2) Is this transaction treated as " Export of Service"
Requesting you to please share your valuable inputs with base of gst law.
Thanks in Advance.
Online GST Course - Master the Fundamentals of GST with Practical Insights
SPECIFIED FINANCIAL TRANSACTIONS