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ZAKI

Category : Property..,
Solved
September 13, 2019 4:38 pm
Dear Sir I hav saw ur videos on TDS 194la and file return ITR 1 and mention exemption income on compensation on land u/s 196 of RFCTLARR ACT but get notice u/s 139(9) of income tax act kindly help me sir
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Amlan Dutta
Usually this cases attract scrutiny ...you are required to meet the assessing officer or seek professional chartered help to resolve
  • November 25, 2019
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DEEPAK JAISWAL

Category : Property..,
Unsolved
August 15, 2019 9:29 pm
Good evening Sir,

Sir which ITR should file for 1% TDS deducted u/s 194I for purchase of flat ( ITR-1 or other) ? Deducted TDS is not showing in ITR-1 in Tax details section. If it should be showed, in which TDS schedule should be show ?

Thanks & Regards
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sravan

Category : Property.., Company .., Feedback..,
Solved
June 5, 2019 2:31 am
Sir,
After watching your videos, I got a doubt and request you to pls clarify
I am an NRI (buyer) and want to purchase a property of 25 lakhs from resident india (seller), is it required to deduct 20 % TDS due to nre transaction (because all nri payments which come under sec 195) irrespective of any ...
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Amlan Dutta
Since property is being purchased from resident indian , so property TDS section 194 IA needs to be looked at for guidance . This section stipulates TDS deduction at 1% on sale value , if sale value exceeds 50 lakhs . However, since here the sale value is around 25 lakhs, so there is no need of any ...
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  • June 16, 2019
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Kishor Bhoi

Category : Property..,
Solved
August 27, 2018 1:54 pm
Hi Amlan, I have purchased under construction property which is above 50lac. I have paid TDS through form26qb for initial few demands, which was not exact 1% of the demand. So I have paid some excess amount which is showing in FORM26 Part A2. I had contacted Income Tax Dept, they informed me this ex...
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Amlan Dutta
The TDS is the to credit of the seller( deductor) and not yourself deductee...say on 100 rs you were supposed to deduct 1 rs and now you have deducted 2 rs , what it means is that the seller has now 2 rs to his TDS credit ...if sellers liability is 1 rs based on his income liability , he can seek re...
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  • August 29, 2018
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