Ashutosh Kumar Jha
07 December 2019 at 17:57

TDS

Dear Members,

Please help on the following issue
If an NRI is purchasing an immovable property from an Indian Co. for Rs. 1.50 Crore then:

I) Is e liable to deduct TDS u/s 194IA?
II) If he (NRI) purchase such property in joint name with his spouse (a resident Indian), then who is liable to deduct TDS u/s 194IA?

Plese guide.

Regards
Ashutosh


SURABHI GUPTA
07 December 2019 at 16:33

ADT 1

A CA Proprietorship firm while filling ADT 1 ..as to file as Individual or Auditors Firm in form ?


Umesh Kumar
07 December 2019 at 15:31

Revision of TDS return

Dear Sir/Madam,

Please help me about
Can we revise TDS return of FY 2015-16 & FY 2016-17 in FY 2019-20 and if your answer is yes, Is there any Interest/penalty regarding the same?

Thanks in Advance.

Umesh K. RAthod


thotasrinivas
07 December 2019 at 15:15

Consolidated Wages

We required to pay Consolidated Wages around 18 Lakhs per month in terms of CASH. For that we required to withdrawn cash from bank every month. Now, as per new section 194N, Cash withdrawal >1Crore TDS is deducting by bank.. what is the solution for way to pay wages.

Please suggest us by way of legality of income tax


VIJAYRAJ L JOGANI
07 December 2019 at 14:31

GSTREGESTRATIONAPPLICABLE

IF A PERSON SALE A PERSONAL BELONGING AND THE SALE VALUE IS MORE THAN EXEMPTION LIMIT OF

GST (RS 40 LAKHS ) TO A BUSINESSMAN WHETHER HE IS LIABLE TO COLLECT AND PAY GST AND

REGESTRATION UNDER GST LAW??


Pankaj

Respected Sir,

Our Product Exempted (Nil Rated) , I have Paid RCM On Freight @5 % (2.5+2.5), But I want to know HAMALI (Loading & Unloading Charge in RCM) applicable ?
(2) Can i refund RCM ? If Yes, How Can ?

Pankaj


RITESH BAMNOTE
07 December 2019 at 13:33

Levy of GST

Charitable Trust Is Register u/s 12AA of Income-tax Act & Providing following services to students & others are liable for GST
1) Swimming 2) Aerobics 3) Health center(Gym) 4) Gymnasium 5) Hostel facility & mess 6) Summer Camp 7) Physiotherapy 8) Naturopathy 9) membership fees etc

also, provide any case law or entry number of exemption if applicable


Lovepreet Singh
07 December 2019 at 13:07

PAN CARD ISSUE

Hello, while obtaining my CIBIL score via PAN CARD , i came to know about several unknown address and Bank accounts which are not mine. I suspect PAN CARD missue.
What options i have now?
1. Can i apply for new PAN CARD and surrender old one?
2. What authority i report for this missuse?
FYI, that accounts belong to DMI finance , i am unable to contact them.


Ramandeep Singh
07 December 2019 at 12:59

Income tax audit

Whether there would be penalty for non filing of Tax audit report if Tax audit report in form of 3CA-3CD has been uploaded by Chartered Accountant but not accepted by assessee....Plz reply.....


manoj sonalkar

Sir/Madam,

How should form 26QB be filled in the case of a joint ownership property.
One of the tax expert advice me that for each buyer a separate Form 26QB is to be filed thus say A & B purchases property from X , in that case 2 Form 26QB to be filed - Buyer A - Seller X for part of the sale consideration & Buyer B - Seller X for remaining part of the sale consideration.
Is the view correct , pl advice.






CCI Pro



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