Answers On Category: Income-Tax
Form 26QB correction return to be submitted. I have a query regarding tax payment. Additional tax along with Interest, is payable. Please provide me process for the payment of tax and incorporate in correction return.
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My client has purchased a property of Rs. 51,00,000 in December 2023. He deducted tax of Rs.51,000. On making TDS challan payment he found that the seller's PAN is inoperative. He was requesting the seller to get his PAN Operative. Seller's PAN was made operative in July 2025. My client has paid TDS on property of Rs.51,000 (1%) on 16-7-25 and got TDS default demand @ 20% along with huge interest. What is the remedy to save this TDS demand and interest?
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In a partnership Firm Partners remuneration was quantified in partnership Deed, but yearly remuneration was finalised on the basis of partner's performance in that year, which will be less than remuneration as per Partnership deed and remuneration is different for all partners. whether it is acceptable in income tax U/s 40(b). If not provide case laws .
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Tax deducted on sale of property, but not deposited in government treasury by Assessee, now case was selected in Scrutiny. How AO will get this information and how he will react on this.
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Kindly clarify whether for the entitlement of awarding 3% additional interest under section 244A(1A) in a case existence of passed finally appeal or revision order effect of which is involved must be of the same assessee and for the same asst. yr. Can it not be given in other similar facts of the case under section 158A(5) ?
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sir, Whether A Professional Can Report Income Less Than 50% Of Gross Receipts In Their Income-Tax Return If They Maintain Proper Books Of Account And Without Tax Audit Report
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A has made payments for a flat during the year under ref ; but agreement was made more than 2 years before the said year; can A claim exemption u/s 54F ? any case law ?
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LTCG declared under ids 2016 but its cost was not disclosed being a payment from disclosed bank a/c can ao issue notice u/s 148 for taxing cost of penny stock ? any case law ?
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IS EXEMPTION U/S 54 APPLICABLE IF NEW HOUSE PURCHASE IN THE NAME OF SPOUSE AND SON?
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TDS on property