Poonawalla fincorps
Poonawalla fincorps


Daya

under which section TDS not deducted if assesses provides form 15 G/15 H.


Rajeev Bhardwaj

Hi All,
Is anyone having any case law on vat on sale of used/old car in chandigarh.


vijai gupta

An immovable property was sold by x to persons as joint owners and the TDS was deducted u/s 194IA OF I.T. Act. under two different PAN of joint buyers each and reflected as such in 26AS. However Deptt. has allowed only the portion of tds deudcted related to one one joint holder( 1/2 of TDS claimed) giving reference to provisions of Rule 37AB The portal also confirms no mismatch of tds claimed and the data of 26AS.
Need a guidance as to what way rule 37A restricts the allowability of full amount of TDS deducted in Assesment.


Amit Bharti (Articleship se Pareshan)

I am tring to form a LLP company. Whenever i try to upload LLP forms, message come as under: The Aadhaar 1 entered already exists against an active DIN However both the director of the proposed company don't have any DIN or DPIN. When i checked DIN number mentioned on MCA website, it belongs to some PREETI (we even don't know her who is she?) I have checked the SPICE forms multiple times,PAN is correctly mentioned.Aadhar is also properly mentioned


Sachin Kumar
05 May 2023 at 13:58

Xxxxxxxxxxx

We are family of 3 brothers and mother. My father (expired in February 2017) purchased one flat in June 2016 and after death of father , 3 brothers gifted their portion to mother via gift deed and flat got transferred in my mothers name. My mother , 58 yrs , has sold a society flat in December 2022 for 35 lacs. Purchase Price was 20 lacs , stamp duty 1.4 Lacs , registration fees 10K. Long term capital gain is coming as Rs. 804356 (35 lacs - 21.50 lacs/264*331).

__the calculation of capital gain is correct ?

__ we want to save long term capital gain , basic exemption limit for FY 2022-23 is Rs. 2.5 Lakh , balance Rs 554356 if we invest in capital gain bond , the we will be able to save capital gain tax ?

__does capital gain is applicable in this case as flat got transferred in my mother name from father ?


Marimuthu

Dear Experts,

01. A company is engaging with the business of Textile retail business as well as wholesales.

02. They are purchasing cotton bags, suit cases etc from the GST registered persons.

03. These bags and suit cases are delivered to the customer without any consideration.

04. Whether this company can avail the ITC on these purchases.

05. Queries are as follow:

a. Whether these cotton packs and suit cases are come under PRIMARY PACKING MATERIALS in the textile retaill business?

b. Whether this company can avail the ITC on those purchases

pl clarify


SUDHEEP M
05 May 2023 at 13:15

GST on Interstate Service Invoice

Sir,

A Company incorporated in Kerala was having a Branch at Morbi. The company was having other two branches in Kerala say for Ex. Branch A and B. One of the staff in Branch A was working in Morbi Branch for which they have paid salary. Then the morbi branch wanted to raise invoice in respect of payroll service to Branch A. Then I wanted to know whether invoice can be issued with tax or without tax?


Sachin Kumar

We are family of 3 brothers and mother.
My father (expired in February 2017) purchased one flat in June 2016 and after death of father , 3 brothers gifted their portion to mother via gift deed and flat got transferred in my mothers name.

My mother , 58 yrs , has sold a society flat in December 2022 for 35 lacs. Purchase Price was 20 lacs , stamp duty 1.4 Lacs , registration fees 10K. Long term capital gain is coming as Rs. 804356 (35 lacs - 21.50 lacs/264*331).

- the calculation of capital gain is correct ?

- we want to save capital gain tax , basic exemption limit for FY 2022-23 is Rs. 2.5 Lakh , balance Rs 554356 (804356 - 250000) if we invest in capital gain bond , the we will be able to save capital gain tax of 20% ?

- does capital gain is applicable in this case as flat got transferred in my mother name from father ?


Sambu Kandasamy
05 May 2023 at 12:35

Tax for minors

Hi,
Will a minor's maintenance money (through court), from a parent put in fd, to be added to guardian parent income?
Regards.


AUDITORS EDAPPAL
05 May 2023 at 10:18

NDH-3 ERROR

While submitting Form NDH-3, it shows Error Message as " Value is not matching with the Value in last NDH-3 filed. please enter a valid number". The form is filled with Correct Values as per last filed NDH-3, still the issue persists. we have been rechecked and refilled with fresh forms too.
anyone facing the same issue?