Suppose I am purchasing a property which is owned by 2 seller (50% share) and me and my wife are purchasing it (50% share). I understand we have to fill 4 form 26QB. My question is suppose value of property is 1 cr and I pay lump sum amount then what should I fill in these values:

1. Total Value of Consideration (Property Value): There is much confusion about this on internet. In my case would it be 25 lakhs or 1 cr?

2. Amount paid/credited currently (B): Pretty sure it would be 25 lakhs. Let me know if this is not the case.

3. Total stamp duty value of the property (C): Again not sure.

Thanks in advance.

Hello All,
I am having a Bank A/c. in our Company's Name, it is showing Dr. Balance since last 5 years and Bank is not co-operating for the closure process... How to close it in my Books of Accounts...??

While preparing grounds of appeal is there any necessity to provide information relating to queries and documents required by AO. Actually demand raised due to cash deposits in bank a/c. We have evidences for that deposits, but AO asked sales invoices §purchase invoices etc u/s 142(1). My every is while replying to appeal proceedings is it necessary to give details of sales and purchase invoices.?

HIII!!!!
i am event managment agent where i conduct event for companies. i am register under maharastra cgst act. i conduct event in new delhi, karnataka. do i have to take seperate registration for the new delhi, karnataka??
if i dont take seperate registration for the same,what about the input tax credit- i purchase some material and use some services to conduct event in new delhi and karnataka, vendors in new delhi and karnataka issue bill indicating intra state supply(i.e. cgst and sgst). can take credit of this itc if i registered only in maharastra and conduct event in new delhi and karnataka

Dear Sirs : One of my clients purchased a plot of land three months ago for Rs.300 (example) and now selling the same at Rs.760. Can he claim exemption u/s 54 if he invest whole sales proceeds of Rs.760 in new residential property..... If answer is NO than how can he save income tax. Kindly advise... Regards

Friends

Not file GSTR 9 for the period 2021-22 Turnover of RS 3.54,80.000/ now what to do ?

Hi Experts,

My client got Email notification for
claiming deduction under 80GGC and requested for claim may be verified and mistake.
May client have Proof for donation under 80GGC.

Kindly advise how to respond this.

Thanks

can we apply for new gst registration if residing in a rental room (rent agreement) no other business place

I have been holding crypto worth less than 3000 INR in Binance just to try it out. I have reported that in schedule FA. I have a few paise(INR) in wazirx that I got when i sold some but I didnt take out a few paise. Does wazirx need to be reported in schedule FA as well? Wazirx is operated by zanmai which is registered in India, Since there is no guideline from the government what should be the approach?

A husband falls under the 30% tax bracket. He invested approximately 10 Lakhs in fixed deposits in his wife's name. The wife earned approximately Rs. 70,000 in interest, and TDS of Rs. 7,000 was deducted by the bank. Unaware of the income clubbing provisions, the wife filed her ITR and claimed a refund of Rs. 7,000.

In the current financial year, the wife is expected to earn around Rs. 200,000 in interest due to further investments in FDs. Some TDS has already been deducted.

Given the potential application of clubbing provisions in previous years, is there a risk of receiving a notice from the Income Tax Department?

Can we continue to file separate ITRs, or should we consider clubbing the wife's income with the husband's income this year?"