While filling form 26QB, should the "Total Stamp Duty Value of the Property" be divided amongst buyers as the case with "Total Value of Consideration"?
To explain, consider the total value of the property is 1.2Cr and there are two buyers.

While filling up form 26QB, as per my understanding each buyer must report 60L as the "Total Value of Consideration", but the question is, should each buyer report 60L each as "Total Stamp Duty Value of the Property"?

The problem is that, if 60L is reported as the "Total Value of Consideration" and 1.2Cr as the "Total Stamp Duty Value" then the form errors out with the message "TDS Amount entered is incorrect" as in this case, the TDS amount per buyer comes out as 1.2L each whereas it should come as 60K each.

If I chose 60L as both "Total Value of COnsideration" and "Total Stamp Duty Value", then the form let's me proceed ahead.

Is selecting 60L for both the values correct?

Please advise.

We are registered GST company taking contracts from dealers to provide transportation services by road for their goods. We utilize GTA service providers to provide such transportation services who raise invoices on our company basis RCM which we pay and take input credit. We invoice to the dealers under RCM based on the contracts and they pay the GST on RCM basis. Due to this the inputs in the GST credit ledger is accumulating as we are paying GST under RCM to the GTA service providers and taking input credit while our customers are paying the GST under RCM for the invoices we raise on them.

Please advise if this is the correct way of invoicing and not what is the right way to invoice such transactions.

Dear All,

There is a cash balance 0f Rs 34 lakhs in partnership firm , there is no cash deposits during the year.

please advise

My DIN is deactivate due to non filing KYC. I want to update it but the otp sent to old mobile number which is not available now.I also tried to file DIR-6 but showing not a valid DIN.As dsc registration not complete, I m unable to file DIR-3KYC. Plz help me..........

I am a salaried individual and planning to create a HUF.
1. Will that be fine to transfer my post tax savings from salary to HUF bank account and create FD's there?
2. Will there be Income clubbing applicable for me on FD interest from HUF account? The FD would be created using the amount received from my salary account.

OBJECT CLAUSE FOR IMPORT AND EXPORT OF SPICES

Hi,
we are trying to file our TDS returns 24Q and 26Q but the latest RPU 4.5 file download is showing error404 and not getting downloaded from the tin nsdl website. Is there any other way or website to download it from?
We dont want to incur more late fee due to this.
Please help

Error while submitting return .|Account determination not possible for key MSTD - -C1 -R000 -A17D, posting area Invoicing: Account Assignments for Genera(2610)|--> Error during processing of source document INVBI 1000155000|--> Reporting invoicing function: Invoicing of Billing Documents|Unable to process invoicing unit for contract account 27780013875|*** Documents to be processed in invoicing unit:|***** Source document category-source document number INVBI -1000155000|*******|Errors occurred when posting invoicing documents for form bundle 92858925|

I hold a joint property with my wife where we are residing. Wife is planning to have another property registered on her name only in same city.
Can she show that singly owned property as self-occupied while filing returns without any tax implications?

What are the statutory compliances proprietorship firm needs to follow if hiring 7-8 employees?