nirav patelonline
08 February 2024 at 08:15

Notice Received u/s 133 (6)

I have received notice u/s 133 (6) and asked for ledger copy, sales register, inventory register, Bank statements, and other related documents but I have filed income tax return u/s 44AD so we can not maintained books of accounts as per income tax law.
Please guide how to reply this notice.


Sarojonline
08 February 2024 at 01:12

Form 26QB query

Date of agreement - 25.09.2023. Joint Buyers - Mr X & Mr Y. Total Sale consideration Value Rs 75 Lakh.
On 04.07.2023 paid token money Rs 1 Lakh (No form 26QB filed).
Remaining balance of Rs 73,25,000 paid on 29.01.2024 (as 1 percent of sale consideration Rs 75000 TDS)
Questions:
1. Payment type = Installment / lumpsum?
2. Total amount paid/ credited in previous installments, if any (A) - what should be this amount?
3. Amount paid/credited currently (B) - what should be this amount?
4. Total stamp duty value of the property (C) - what should be this amount


Harshonline

Hello,

One of the important condition for availing exemption under Section 54F is that the taxpayer should not own more than one residential house other than the new property, at the time of the sale of the original asset.

What is the definition of residential house in the above condition? Does a residential plot (vacant land) is considered as residential house? For example, at the time of the sale of the original asset, if a person owns one residential house (residential flat) and a residential plot (vacant land with no plans of constructing the house or leasing the land in next 5+ years) and wants to invest long term capital gains in buying another residential house, will they be eligible for availing exemption under Section 54F? Please guide


Suraj Rawatonline
07 February 2024 at 22:39

DTAA between India and Taiwan?

Hello,

I'm inquiring about the Double Taxation Avoidance Agreement (DTAA) between India and Taiwan. I need to make a payment for technical services to a Taiwanese party and wonder if they can benefit from this treaty. However, upon my research, I found a treaty between specified associations instead of the governments of both countries. Can we still avail the benefits of DTAA in this case? Any insights would be appreciated. Additionally, if anyone has information on the specified associations mentioned on the income tax website, that would be helpful too.

Thank you.


fifeneonline
07 February 2024 at 21:50

Digital Marketing Agency Dubai

Digital Marketing Agency Dubai

https://number9.ae/


PRIYAonline
07 February 2024 at 21:31

Schedule AL in ITR

I have short term capital gains of 20 lacs and long term capital gains of 35 lacs for the current financial year 2023-24. Do I have to fill schedule AL in ITR?


Jaswinder singhonline

Respected Sir/Madam,
Anyone have Format of Annual report of Societies Registration Act, 1860 of Haryana?? Kindly provide ...Regards


Mahabir Prasad Agarwalonline

Sir, One of my client has received a SCN against FY 2018-19
from GST deptt.raising a demand of 50,000/- against Proportion of
commons ITC against exempt supply. Sir, my client has used his entire
ITC against his Supply only. No ITC claimed on exempted goods, No any ITC
against personal or any other use except his business purpose. How to proceed
with this said demand ?


Astaf Mansurionline

Dear,

I want to know that what is the rate of GST in case of the supply of plastic product manufacturing services ? And its SAC code of 6 digit.
Further is it mentioned that all kind of job work service GST rate is 12% with registered user and 18% with unregistered user. Is It correct ?

Please share your views.


Adv. Tauseef Farooqueonline
07 February 2024 at 14:37

Regarding 115BA ( Opting New Regime )

I am salary taxpayer, i opted New regime but intimation received rejected New Regime I want know why Income tax department not accepting new regime. I had been Filed belated return.






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