Sir/Madam my account has deducted TCS on Total sales of 75,00,000/- and filed the return but I came to know that TCS should be deducted on 75,00,000-50,00,000=25,00,000/-... Is there a problem???? Kindly reply..
Sir
I would like to clarify some doubt regarding Income Tax on Sale of Immovable Property by NRI
Mr Elango is an NRI sold an Immovable Property in 2022 for Rs.95 Lakh which was bought by him through his NRE Account in 2009 for Rs 15 Lakh
Whether the above is taxable @ 20% without any basic exemption Limit as available to Resident ? or he can claim Basic Exemption limit which is not taxable ?
Further Form 15CA is enough or 15CB is required to submit while transfer the Proceeds to NRE A/c?
What rate of TDS will be applicable to NRI whether 20% with Surcharge, Education Cess or Flat rate of 20% only?
Can i serve my extension period under different principle ? if yes then what will be the consequences and procedure of doing so ?
Hello sir ! I recently applied for pancard to update it from minor to major, all the required documents are submitted through onlie e-pan application. The problem is I have entered mistakenly my temporary adressess for communication. They mailed me as:
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Dear Sir / Madam,
We refer to your abovementioned application & PAN application documents received from you on February 02, 2023. On verification of your application and PAN application documents, the following discrepancy(ies) is/are observed by us:
Address in document as Proof of Communication Address is incomplete.
Submit proof of address where name and address in application exactly matches with name in proof.
To know the details of supporting documents, please click here (Indian citizens, Foreign citizens).
For further processing, kindly send relevant document with proper details to below mentioned address. Please quote your 15 digit acknowledgement number "N-881037281552120" on the document before sending it to us.
''''
Now how do I submit the correct adress as printed in aadhar through online! Can u give me in deatil process and to which mail address I should submit it?
while creating fvu file after doing PAN correction for 24Q1 2022-23 the following error appears T_FV_6260 Count of section 194P statement records must be provided only for Form 24Q , Financial year 202122 Quarter 4 Onwards
I have not entered any amount u/s.194P
Please suggest how to resolve this issue
WHAT ARE THE APPLICABLE RATES ON CONTRACT FOR CONSTRUCTION OF RESIDANCE AND COMMERCIAL HOUSE
OR IS THERE ANY EXEMPTION ?
If we pay advance health insurance premium (for 3 yrs) , will we get deduction under 80D proportionately for each financial year ?
in case of opportunity gain ie our decision regarding selection of alternatives was right we actually don't gain extra by that opportunity gain. is it the same for opportunity loss. is opportunity loss or gain acting as just an indicator that reflects our business decision
Respected Sir/Madam
Is Provisional Balance sheet attested by another CA other than Statutory Auditor? Is it Possible?
W e f July 2022, is GST applicable to hostels accomodation provided by partnership firm to student?
TCS ON SALES OF GOODS