Which itr for me and how to show loss in itr??
This query is : Resolved
28 July 2023
dear Sir,
I have Two Business, 1 have profit and 2nd is loss (loss on shares) and also salary income, now which ITR SUITABLE FOR ME AND HOW TO SHOW LOSS IN ITR.
I have Two Business, 1 have profit and 2nd is loss (loss on shares) and also salary income, now which ITR SUITABLE FOR ME AND HOW TO SHOW LOSS IN ITR.
28 July 2023
File ITR 3.
07 August 2023
Dear Sir,
Our Company is Public Ltd. We offer our customers an Investment Plan Agreemnt:-
Agreements Clause:-
Our Company is group of companies doing its business as Real Estate Firm doing its business in benefits in insfrastructure development, Plotting, Flats, Construction.
“Investment” means all the various Investments including, Real Estate and asset-backed investments in accordance with the terms of this agreement that have been, are being or will be entered into by the investment Manager for and on account of the investors.
The Compnay will pay total amount of investor (including Principal amount and Profit sharing amount) to the customer against his investment.
The Company will pay their profit sharing amount on monthly basis on their respective bank accounts.
Now, My question is that, whose Tds Section applicable on this seniro, Section 193 (Interest on Securities) or Section 194A (interest other than interest on securities).
Thanks & Regards,
Our Company is Public Ltd. We offer our customers an Investment Plan Agreemnt:-
Agreements Clause:-
Our Company is group of companies doing its business as Real Estate Firm doing its business in benefits in insfrastructure development, Plotting, Flats, Construction.
“Investment” means all the various Investments including, Real Estate and asset-backed investments in accordance with the terms of this agreement that have been, are being or will be entered into by the investment Manager for and on account of the investors.
The Compnay will pay total amount of investor (including Principal amount and Profit sharing amount) to the customer against his investment.
The Company will pay their profit sharing amount on monthly basis on their respective bank accounts.
Now, My question is that, whose Tds Section applicable on this seniro, Section 193 (Interest on Securities) or Section 194A (interest other than interest on securities).
Thanks & Regards,
07 August 2023
As per section 2(28B) of Income Tax Act, “interest on securities” means any interest on security (issued by the government whether state or central) and interest on debentures/securities (issued by the company a corporation or local authority established by Central, State or Provincial act).
Hence, any such interest income as received above will attract tax deduction u/s 193.
In your case it will be u/s. 194A IT act.
Hence, any such interest income as received above will attract tax deduction u/s 193.
In your case it will be u/s. 194A IT act.
12 September 2024
Good Luck.
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
- SEC 54 OF IT ACT
- Form 26QB for TDS on property
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Is Aadhar PAN linking required for opening bank account?
- Where to show the RCM on Rent paid to unregistered landlord
- RCM - commercial rent paid to URP under GST
- Offsetting interest income against derivative trading losses
- TDS NUMBER SURRENDER
- Payable outstanding for years disallowance
- Whether still royalty
- Withholding tax applicabikity for foreign paymenttowqards physio therapy treatment
- Input credit reversal for the FY2023-24
- Regarding Form 15CA & CB
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- 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?
- Query for dubts
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
