Sir
I have paid Self Assessment tax of Rs 1890 but forgot to mention in ITR U 139 8A tax details. What will happen. Will the return will become defective/invalid. This pertains to AY2023-2024

If we pay IGST RCM Tax , there is liability of penalty or interest on it ??

Hi,

I have registered document for residential property and want to pay TDS.
My property value is 70 lac, but I have just paid 5 lac for registration as lumpsum and balance will be paid later.

1. on which amount I have to pay TDS?
2. can I pay on full mount of 70 lac? (if yes , I would like to pay in full)
3. in any case "amount paid/credited to seller" will be 5 lac?

Thank you in advance

Suppose my seller and I had an agreement on 4th August - property value - 70 lac
And on the same day I paid an installment of 10lac (didn't deduct tds- credited full amount in his account)

And now 60lac will be paid (40 by home loan nd 20lac by me ) on date of property registration ie 3rd October


Presently current date is 15th sep

(I still have time to file 26qb ie tds payment to govt - last date 30th sep(31st August(4th August month lastdate) + 30 days))
How to go about it - should I file 26b today with 10k and 60k 26b on 3rd October and deduct 60k+10k=70k from the seller while paying him 60lac remaining together on 3rd October


Or
I just don't do anything and deduct tds 70k =60k+10k on 3rd October and just file 70k lumpsum 26qb on same day and just ignore that 10lac was actually paid as installment earlier


And if I do it now 10lac has been credited so should I consider it 99% and now since 10lac is considered 99% my tds amount will be in decimal which makes the whole process cumbersome


And mind I have not yet added that seller and buyer both are joint owners



And last isn't it logical that I just file 10k now and then 60k later irrespective that I paid full amount of installment to seller as I can take the tds from him while making the final amount
And just pay govt the tds for now from my account (I can reimburse from the seller)

Dear Sir,
I have purchased a tempo which i have given on rent to supply of gas cylinders. They are paying me Rent of Rs 18000 p m. Sir I have paid Rs 167000/- gst on the purchase of Tempo. I am registered under GST. Can i give GST invoice and claim itc of Rs 167000/- . Can you provide me the SAC code and Rate of GST to be charged.

Hi , We pay municipal Tax on Self occupied property
Can we claim it under income from house property and claim in let out property
Rent received
Less Municipal taxes for both sop and lop

Here municipal taxes means only for let out property or both sop and lop

Plz may I know the correct answer !
Thank you so much in advance !

In private limited company, is it possible to provide allowance to shareholders and directors for board meeting sitting fee. Is there any limit for that

ABC company has received a GST notice, then they have CGST,SGST and IGST tax which is less than 4,000\- , then how much is the penalty???

Respected sir & madam,
My one client is engaged in Stone Crusher business. He pay royalty to collector office & collect raw stone & crush it in his crusher plant & sale Khadi it in local market. He collect 5 % GST on sales. I have a questions that is there required to pay RCM on royalty paid by him ? If yes please at which rate & any circular is available . If RCM paid on such royalty it can be used as like ITC against next month’s GST liability?

Just wanted to check income tax