Answers On Category: Income-Tax
I have a query. Suppose X purchased a flat at a certain price which is subject to TDS. Flat is fully furnished and cost includes furnishing and interior cost. In the sales deed it is clearly mentioned that this is the value of property and this is the value of interior and other furnishings. Can TDS and stamp duty be paid taking only the property value in consideration. It means, leaving aside the interior portion can TDS be deducted? Will that be legal?
► Read Answer
Recently under Vivad Se Vishwas scheme, I had received form 2 from Pr CIT to deposite the amount and fill form 3 and submit the details. Form 3 asks to submit the proof /acknowledgement of withdrawl of appeal which was earlier made to CIT (A) vide form 35 for disputed demand by AO. Pl advise how to withdraw the appeal made earlier to CIT(A). The procedure.
► Read Answer
Dear Sir, It's my humble request to you to kindly provide me the Intruction No.10 pdf copy
► Read Answer
Company is utilizing SEZ Fund for few years and now they are deciding to utilize for NON SEZ. Whether is their any law or condition which allow to do this? IF Yes/No whether any Case Law or opinion ??
► Read Answer
. Rule 11UA applies to unquoted shares of a company. However, a technical query is about whether the similar provisions apply for valuing share in a partnership firm or LLP?
► Read Answer
does while doing valuation under 11UA under part D for immovable assets do we also take leased assets i.e right of use to asset while calculating stamp duty value ?
► Read Answer
ONE PERSON HAS PURCHASED PROPERTY IN AUCTION DONE BY A BANK AT RS 7 CRORE BUT THE STAMP DUTY VALUE OF WHICH IS 10 CRORES.WHETHER CAPITAL GAIN WILL BE TAXED ON DIFFERENCE OR IS THERE ANY WAY OUT
► Read Answer
NO REPLY RECD FROM DESIGNATED AUTHORITY FOR OVER A MONTH OF SUCCESSFULLY UPLOADING FORM 1. WHAT IS THE OPTION AVAILABLE TO THE DECLARANT ?
► Read Answer
sir, cash loan payment transactions dt:10-10-24 it assessee cash loan to relative(name Mr.A) rs:10 lacs amount through on cash mode paid After another cash loan repayment transactions dt:10-12-24 it assessee cash loan from relative rs:10 lacs name Mr.A)amount repayment received through on bank channel mode. Query; Above transactions viloation of it rules and penality provision applicable in it act.
► Read Answer
Query for SECTION 194IA