Dear Sir/ Maám,

My salary package is of 5.5 lakhs. I have purchased a property of Rs.1.36 crore and have accordingly paid stamp duty and deducted 1% tax from the sale consideration value and deposited the same in central Govt Account by Form 26qb. Now the sale consideration and and deduction of TDS is reflected in my Form 26AS.

My Query is do i have to disclose purchase of the above property in my Income tax return of this year ?
I file ITR-1 every year, should i disclose property purchase in ITR.

I clicked on proceed to validation on ITR-2 , and its showing 1 errors found but error description is empty. Please help as I’m unable to identify the problem and hence unable to submit the form.

I tried multiple times, but all in vain.

The technical error which is seen in developer tools is "code:EF40076, type:ERROR,desc:Record(s) insertion failed.

Read more at: https://www.caclubindia.com/experts/empty-error-description-on-validation-error-in-itr2-2899504.asp

I bought a property from a seller in Bangalore and I deducted TDS using a TAN and made the tax payment. I have the challan. I need to file my TDS return and provide Form 16A to the seller. To file my TDS return, the income tax portal is asking me to complete registration on TRACES. In TRACES, when I try to register as a deductor, it is asking for a PRN number but I do not have it because I have not filed the TDS return yet.

This is frustrating because I am just running in circles. To file TDS return I need to register in TRACES and to register in TRACES I need a PRN which I can only get by filing my return!

Could someone please help me with filing TDS return and obtaining Form 16A? Thank you in advance.

Good morning Sir/s,

what is the rate of tax for HSN Code 30049011, some of the suppliers levying only 5% GST on their suppliers to one my client, as seen in the portal it is showing 12%,

please let me clarify

The person asked me how you prepare the balance sheet in excel. I replied i export the trial then schedules are linked with trial and Balance sheet and P/L items are linked with schedule. Then he said suppose there are various changes in trial then you again put all the fig in trial i said yes he said that it is a very lengthy process..
Don't you know any formula that if any fig is changed then automatically balance sheet is changed ? there are 5000 line items in your trial then how would you manage...
Please guide

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WITH THANKS

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1st is trading of scrap (kabad) (putta, metals etc) , do i need to charge TCS in pvt ltd.
2nd is should i need to deduct TDS and TCS everytime before i pay to someone,
3rd is i pay my parites (purchases) in cash, does making it pvt ltd will impact it?

We have a CA office in Thane and now we want to open a branch in Bangalore, Could anyone help with the terms & conditions for opening a branch of an LLP firm in another state?
1. Should we register again with Bangalore ICAI Institute?
2. Since it's an LLP Firm, is it a compulsion for 1 of the partner to be seated in that branch or can only employees be seated?
3. Do we have to apply for a leave license?