B
Bidyut Santra
I made 3 transactions totaling Rs. 12 lakhs (say) in 3 different dates in October, 2021 and paid the developer but was not aware to deduct TDS. Now I want to deduct the TDS within November, 2021. Should I fill 3 different 26QB form or I may submit one form citing the last transaction date but transaction amount as the total value(i.e. -12 Lakhs) (2) I have sanctioned bank loan of 50 lakhs (total flat value 62 lakh)and they paid 90% to the developer. So Can I now deduct TDS corresponding to the 50 lakhs or should I divide it into two parts- TDS corresponding to 45 lakhs in one 26QB and TDS corresponding to remaining 5 lakhs in another part? (3) For deducting TDS corresponding to 12 lakhs part, should I apply the formula 1% of (12,00,000/.99 = 12,12,121) i.e. 12121 as I am supposed to pay after deducting 1%TDS
N
Nagarjuna
Currency trading incomes with forex brokers how can I pay tax and which ITR for this incomes
Facebook
Twitter
Linkedin
What is the nature of income are you are regular trader?
If yes then use ITR 3 or 4.
If you need assistance in filing ITR book here: https://www.taxontips.com/income-tax-return/
J
Jigar
My gross income is 13,84000. I have donated 5 lc to political party to under 80ggc, to take benefit. I want to know that is this proper?? Can I claim total 5lc under 80ggc??
Yes 100% deduction can be claimed for donation to political party or electoral trust under section 80ggc.
Buy yes payment should be made from only banking channel. No deduction for cash donation.
P
Palash
I have a house in my area houses can only be sold by poa and poa is on someone else name so who has to pay tax in such case and how much
R
Rohit Sharma
Sir, I am a CSC-VLA and I am BC of ICICI and Yes Bank as well as I do phone-pay, google-pay, paytm, and atm card/credit card swipe machine and do money transaction through my internet banking. I do the above transactions at 1% profit from my personal current and savings accounts. Therefore, I want to know on the following points:-
1- Can I do the above transaction by depositing TDS on 1% profit, so that in future I can avoid any kind of notice etc.
2- For depositing TDS and GST at 1% profit, what kind of service will have to be added in GST or depositing TDS only is enough.
3- If I withdraw money from my machine with my own credit card, then there is a possibility of some kind of notice etc.
