IF PROPERTY IS PURCHASED FROM NON RESIDENT THEN BUYER HAS TO APPLY FOR TAN NUMBER FOR DEDUCTION OF TDS?
IF SUCH THEN WHICH FORM UNDER TDS IS TO BE FILED?
Is there any provision or case law for a Regular taxpayer to opt Forward charge mechanism for residential property rented to a registered person.
Sir based on the facts and figures given below
An Employee who was working with a pvt company (coming under the purview of gratuity act) ,for the past 10 yrs resigned after working for 3 months in the fy 23-24
Gross earnings for 3 months- 300000
El encashment on resignation-150000
Gratuity-500000
Deductions
Pf -20000
Standard deduction-50000
He had chosen old tax regime at the beginning of the fy .Also no tds was deducted for the period april 23 to june 23.
Now gratuity and el cashment is to be settled.
1) Plz clarify if any tds is to be recovered.
2) Whether gratuity is to be included in the calculation of total earnings or not.
Please clarify at the earliest
SIR
MR A SOLD ONE LAND IN 2015 COST OR RS. 1,.65 LACKS. THE LAND HIS GET HIS FROM GRAND FATHER WILL. THE LAND PURCHASES AS ON 1880. HIS WORKING CAPITAL GAIN TAKE LAND COST PER CENT RS.5000/- BUT THE IT DEPARTMENT HAS TAKE INDEX COST RS.80/- PER CENT THE ASST -YEAR COMPLETED U.S 143 WITH DAMNED AS ON 15.12.2.023 . BUT HE APPLIED GUIDE VALUE FOR TAMIL NADU REG.DEPT . THE REG.DEPT NOT PROPER REPLAY FOR NOT RECORDS AVAILABLE . PL. GUIDE FOR PROBLEM SOLVE
THANKS
Dear Sir,
We have to sell old/used trucks. What will be the GST liability on sale of old/used trucks ?
Is it 18%
or
is it 28%
Sir/Madam
I have one query regarding company pay Rent of Commercial Property taken on Rent for Office purpose. Monthly Rent is of Rs.2,50,000/- and company also pay deposit of Rs. 8,00,000/- as per Agreement with the owner of property.
What is the GST liability and TDS liability to the Company and also to the owner of Commercial Property.
thanks in advance.
Sir - If services are taken by Indian company from Google for Map Services & service providing company is from Singapore , also company has submitted TRC , Form 10F declaration , No PE , what will be the tds rate.
Dear Sir/Madam,
Someone who is originally from Egypt is working remotely for an Indian company from Egypt. The company has decided to pay the salary in USD. My question is, how should the salary be paid from India, and what tax compliances are applicable in this case? Please help me understand.
One co-operative society registered under karnataka co-operative society act 1959
Is it mandatory to obtain permission from co-operative department for opening the account in a nationalised bank?
Works contractor received a cheque from government against contract value . But they will not give any invoice . Now who will raise invoice in this case ? Contractor or Department? And is it B2B or B2C
REGARDING DEDUCTION OF TDS ON PURCHASE OF PROPERTY FROM NRI