Dear Sir,
IN A PRIVATE LIMITED COMPANY.
Let me clarify that the Amount of Marketing & Research paid by NRI Director & SAME WILL BE Reimbursed.

WHAT IS THE GST / IT TAX IMPLICATION ?

Resolved and deleted.

For Exhibition purpose stall taken from Organizer rate is as per sq ft.
Which sec. Tds to be deduct.

For exhibition purpose fabricated furniture, stall tent,
Table, furniture, etc. Taken. For this service sac code is 9989.

Which sec. Tds to be deduct.

I was setting up my ACH transfer with my USA bank account for paying my rent in USA. I notice now that for verification there was a small amount of 0.18$ ~ 15 INR to my US bank account. Do i show this as income in my india tax return? I shall need to revise my itr and add it in the FSI? I am a little worried because of the BMLA and penalties.

If a registered perons under GST is having only nil rated or exempted outward supply, can he apply for refund of tax paid in cash under RCM basis on his inward supplies?

If the father receives money from his son and close relatives as gift ,what tax liability arise either party

Hello all,
I am facing a issue in new tax calculator available online on income tax portal.
When we put 3L income in the new regime under Short Term Capital Gains (Covered under section 111A) taxable at 15% Total (3rd row), same 3L in Long Term Capital Gains (Charged to tax @ 10%, other than LTCG u/s 112A) Total (6th row) and same in Long Term Capital Gains (Charged to tax @ 12.5%- other than covered u/s 112A) Total in (9th row).
Selecting the new regime for AY 25-26, even when taxable income adds to 9L it shows zero tax how is it possible? It would be great if someone explains.

PDF of calculation
https://drive.google.com/file/d/1E3B2dG-2gjDXrHcZCYgoh6DRCSbiNbsX/view?usp=sharing

Calc used:
https://eportal.incometax.gov.in/iec/foservices/#/TaxCalc/calculator

Hi Team,
I am currently in Tax Bracket of 30% and recently started investing in FDs and found came across where it says if you earn income apart from Salary and tax liability is more than 10000 i need to pay Advance tax.

I have found out that my Yearly Interest income will be less than 40000.I am opting out for new regime .

1. Do I get the 40000 exempt from savings Interest for age group between 0-60 Years? If not then If I invest in Mutual funds instead and don't redeem then do i still have to pay advance tax ?
2. I am trying to understand if my company is calculating the TDS rightly on my Salary .It has below components
Suppose
BASIC SALARY -100
HRA -50
CONVEYANCE ALLOWANCE-40
CAA -10
CPD -10
Deduction are
Provident Fund -16
TDS-20

How do i calculate my TDS based on above ?

Appreciate your help.

Thanks,

We have deducted TDS amount 1% as per the sale deed.
we have received the short deduction letter.
Due to inoperative PAN department has raised notice to deduct 20% TDS.
Now seller have linked PAN with Aadhar then whom to send an email. anywhere in IT or TDS portal shall we update.

What is use of form 71?