Whether receipts from running buses can be declared under Income Tax Act?
Hi Amlan,
I have a query regarding Form 26QB(Purchase of Immovable Property u/s 194IA). I got a note from CPC that this is not yet filled for the property which I bought in year 2014.
Can you please guide me on below -
1. As per my understanding, the 1% TDS has to be deducted by buyer during purchase ...
I have a query regarding Form 26QB(Purchase of Immovable Property u/s 194IA). I got a note from CPC that this is not yet filled for the property which I bought in year 2014.
Can you please guide me on below -
1. As per my understanding, the 1% TDS has to be deducted by buyer during purchase ...
Amlan Dutta
Say the property price is 100 Rs , then you have to deduct 1 rs and pay seller 99 Rs.
This 1 Rs , you shall have to deposit using challan and fill form 26 QB (TDS return ) and then using these details register in TDS trace website to generate TDS certificate form 16 B which you are supposed to hand o...
This 1 Rs , you shall have to deposit using challan and fill form 26 QB (TDS return ) and then using these details register in TDS trace website to generate TDS certificate form 16 B which you are supposed to hand o...
- April 1, 2016
- LikeLike
- Select as Answer
Vimal Kumar
Thanks Amlan for detail response as this is certainly useful.
In summary, I will need to check with Seller if my additional 1% he can return now once I make the payment and share with him Form 16B.
The other thing which I was thinking is will it not be the case that Seller would have paid the 1% TDS h...
In summary, I will need to check with Seller if my additional 1% he can return now once I make the payment and share with him Form 16B.
The other thing which I was thinking is will it not be the case that Seller would have paid the 1% TDS h...
- April 3, 2016
- LikeLike
HELLO SIR,
I SEE YOUR ALL MOST VIDEO REGARDING RECTIFICATION,FOR TAX CREDIT WE GO FOR RECTIFICATION REQUEST BUT MY QUESTION IS MAY WE GO FOR REFUND CASE IN RECTIFICATION REQUEST FOR BELATED RETURN WHEN THERE IS NO CHANCE OF REVISE...
I SEE YOUR ALL MOST VIDEO REGARDING RECTIFICATION,FOR TAX CREDIT WE GO FOR RECTIFICATION REQUEST BUT MY QUESTION IS MAY WE GO FOR REFUND CASE IN RECTIFICATION REQUEST FOR BELATED RETURN WHEN THERE IS NO CHANCE OF REVISE...
Amlan Dutta
Why did you attach your picture to the question...please edit and remove it ...rest , in case of belated return , , yes when you receive the intimation , you can apply for rectification and correct data to seek refund as well .....see tutorial for how you will need to do rectification for correc...
1009 (Rectification) How to submit Online Rectification request for correcting data in tax return
1018(Income tax) How to file Online Rectification request for correcting data in tax return Video - https://www.youtube.com/watch?v=3XEex6eqCsI Narration - B...
- March 27, 2016
- LikeLike
- 1 person
- Select as Answer
Hello Sir,
I tried to reach many people but did not got right answer for my below query, I hope I will get some response from this cell.
I am Indian citizen who was working in US from 15/11/15 to 31/03/16
i.e 137 days, that means I am resident tax payer like all other Indian citizens for FY15-16.
As per...
I tried to reach many people but did not got right answer for my below query, I hope I will get some response from this cell.
I am Indian citizen who was working in US from 15/11/15 to 31/03/16
i.e 137 days, that means I am resident tax payer like all other Indian citizens for FY15-16.
As per...
Amlan Dutta
- Amlan Dutta
Amlan Dutta
For financial year 2015 16 , i.e 1st April 2015 to 31st March , you are present in the country from 1st April to 15th November i.e more than 7 months i.e more than 182 days and so your tax residential status is is resident indian
That being addressed , for resident indian , global income is also in...
That being addressed , for resident indian , global income is also in...
- April 16, 2016
- LikeLike
- Select as Answer