High value transactions -ecampaign
This query is : Open
03 January 2024
Mail received from the Income tax department regarding high value transaction related to 'Sale of land or building' under sections TDS-194IA(RV) and SFT-012. Under SFT information the amount reflected relate to 2 parties having distinct PAN numbers, regarding sale of inherited house property. Both assesses have filed the returns, including capital gains. Only one of the individuals has received the e-campaign notice via email. There are various options to respond, namely:
Option A: Information is correct
Option B: Information is not fully correct
Option C: Information relates to other PAN/year
Option D: Information is duplicate/included in other information
Option E: Information is denied
Which option should be selected while submitting the response. If Option C is selected, then there is an option to specify all PAN related to the transaction (including self, father, mother, sister, all other relationships are specified under drop-down menu).
Additional information: The amount is double as 2 parties, Should Option C be selected and all the persons' PAN be added?
Option A: Information is correct
Option B: Information is not fully correct
Option C: Information relates to other PAN/year
Option D: Information is duplicate/included in other information
Option E: Information is denied
Which option should be selected while submitting the response. If Option C is selected, then there is an option to specify all PAN related to the transaction (including self, father, mother, sister, all other relationships are specified under drop-down menu).
Additional information: The amount is double as 2 parties, Should Option C be selected and all the persons' PAN be added?
14 January 2024
Option C looks good to me as well but let us wait for other's feedbacks as well
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- RCM INVOICING FROM NOV-2024
- Should I report my US salary for January, February, March in Schedule FA?
- GST ON EXPORT COMMISSION
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
