I purchased a property in India for which I submitted TDS via "e-Pay Tax" on income tax website in Jan 2024.
(Challan-cum-statement of deduction of tax under section 194-IA (Form 26QB))

1) Is that the same as "TDS Return"?
On some websites I read that "TDS Return" needs to be filed for those deducting TDS.

2) Is that any other step I need to perform as a buyer?

3) Is there anything I need to mention in the Income Tax Return that I file? I'm assuming that the seller needs to put in the TDS details in their ITR, and I don't need to mention it in my ITR.

My Form 26AS, shows the TDS Entry under "PART-VIII-Details of Tax Deducted at Source u/s 194IA/ 194IB /194M/194S (For Buyer/Tenant of Property /Person making payment to contractors or Professionals / Buyer of Virtual Digital Asset)"


Thanks.

DEAR SIR,

ONE OF MY CLIENT OWNED 4 EKAR OF LAND AND ENTERED INTO JOINT DEVELOPMENT AGREEMENT IN THE YEAR OF 2021-2022. THE DEVELPOER HAS PAID GOOD WILL THROUGH BANK ACCOUNT RS.400000/- AND RS.200000/- AND CASH PAID RS.200000/-. THE AGREEMENT SHARES BETWEEN 50:50 AFTER DEVELPOMENT.

1. THE GOOD WILL RECEIVED FROM THE DEVELPOER TAXED IN HAND OF MY CLIENT
2. IF YES WHEATHER WILL IT CONSIDER TO BE BUSINESS INCOME OR OTHER SOURCES
3. ONCE SELLING PLOTS HOW TO CALCULATE CAPITAL GAINS ON THIS SITUATION
4. HOW TO FIND OUT EXPENDITURE FOR DEDUCTING FROM CAPITAL GAIN



YOUR VALUABLE REPLY MUCH NEEDED SIR

For assessment year 21-22 the short term gain filed in the IT Return has been doubled by IT Department and raised a tax demand accordingly. All efforts for rectification and submission of grievance has not yielded any result.
What could be the possible reason for dibling the income by Department?
What is the remedy?

Kindly Advise!

Sir,
Two of our employees PAN was not linked with aadhar. Their salary RS.473501 & 427532. I have not deducted Tax as salary is not taxable. I have uploaded TDS return 24Q and choose new Tax regime.
Mt TDS return processed with defaults. After downloading Justification report I found that short deduction Rs.79700 & 70506 was mentioned for Inoperative PAN.
Both the employees are not taxable then why short deduction was mentioned in justification report.
Pls answer.

I want to know whether the leave for GMCS will be considered only when it attended/completed by the Articleship assistant because i am a CA intermediate student joined in old scheme of 3 years of Articleship and My intermediate exams is not yet cleared. If GMCS is not attended, then in a period of 3 years GMCS of 30 days will not be included as a service period.
kindly reply at the earliest thanking you.

Can a partner of Partnership Firm make Drawings in cash or prefer banking channels? Salary to partner and interest on partner's capital is credited to Partner' s Capital account.
Is there any applicability of Section 40A(3) or 269ST of Income Tax Act in this case, if cash drawings are made?

I am salaried person & I have a withdrawal EPF during the fy 23-24. Please tell me do we have shown EPF withdrawal amount in ITR ?

Dear Experts,
1 A company is availing the engineering consulting service from the serivice provider.
2 The company is registered under GST.
3 Also this company has obtained the ISD registeration with GST Dept.
4 Now the query:
a Whether the service provider able to raise the service invoice in favour of service recipient's ISD GSTIN?

Dear Sir,

My father made an FD from his Current A/c in which I was the joint holder in the account. But after his demise I am not able to redeem that FD in my account since the financial rights to redeem the FD lies with my father's account.

My query is can I redeem the FD from his account now and take FD amount in his bank account and transfer it to my mother's bank account since she is made the nominee for that FD.

Please help me to resolve this query.

Regards,
Divyesh Jain

rror while uploading the refund json viz "The return period in uploaded JSON file does not match the return period for which Refund application is created".