My CTC - 22 lacs P.a
Current Homeloan for one flat- 75 lacs (i.e 75k EMI)
Which is the Best tax saving option.
Option1.
Show this as a primary flat and get rebate of 2lacs towards interest and 1 lac on principal
option2.
Invest in another small 1RK,show this as primary flat. The other flat which has 75K as EMI , show it as secondary flat and get the interest as Non taxable
PLs suggest
if A company/individual enter in a contract for Repairing of chemical Plant which requires technical and professional knowledge and contractor also requires to supply the all material which are to be consumed in repairing of this Chemical Plant. As, in this contract, contractor has to supply both Labours(professional service) and Material so it is works contract thus Reverse charge should be applicable ( 50% paid by the SR and 50% paid by the SP). TDS should be Deducted U/s 194J.
EX
contract amount 200000
70% amount is Service (professional)
30% amount is material
TDS should be calculated as follows
=200000+200000*70%*12.36%*50%
=208652
=208652*10%
=20865
Please reply me as soon as possible thanks in advance
sir i have one ques regarding tds on contractor..supoose we have done some sanitary work in our institution and we have to make payment to that contractor for labour charges of Rs.195000 without deduction of tds.
now if the contractor raise 3 bills in the name of 3 individual labourers of amount
labourer 1.
bill no 1.rs. 29000
bill no.2 rs.29000 and
bill no.3 rs.7000 and so on for 2 more persons of same amount to cover the payment of 195000
is the person who is making the payment still laible to deduct the tds.????????
Dear Sir,
Say a company has availed service of goods transporter & pays service tax by claiming 75% abatement as per service tax rules. Here can a private company take input of service tax paid on abated value on GTS?
For E.G.,
Rs. 5000/ charged by GTS
25% of 5,000/- comes to 1,250/-
service tax @ 12.36% comes to Rs. 154.50/-
can a private company avail as input? service tax paid as per above transaction.
my company is failed to give me hra tax exemption in form 16
Sir,
I have issued my self assessment tax (using my own PAN id) using online tax option from my net banking facility. It was successfully updated in my
F-26AS. Now at the same time I have issued another 3 self assessment tax of my friend using their PAN ID. Again after 7 days their F-26AS also showing updated TAX. Now my question is there any anomaly because they issue their TAX from my account.
keenly waiting for your reply
Income from Salary and Income from Commission or brokerage 194H which ITR should be filed.I Had a confusion between ITR 1 and ITR 4?
Hi to all,
Please solve this query,
Is input credit can be claimed for the tax paid through Reverse charge mechanism for supply of manpower(75%).
And,Is 25% paid to service Provider is available for credit to the Service receiver.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
Query on investment