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Hrishikesh Lavhare
Hi, I have bought a flat in Pune of amount 57,39,210. My agreement date is 16th Dec 2020. I have paid own contribution of Rs 18,98,023 at different times till Dec 10. I have created a loan of 43,00,000 out of which first disbursment paid 18,20,984 to builder on 27 Jan 2021. While filing my Form26QB i.e. TDS on property purchase, What will be my date of payment and date of tds deduction?
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Sec 194-IA deals with TDS on sale of immovable property. Under this section TDS is to be deducted @1% at the time of credit of such sum to the account of the transferor or at the time of payment of such sum whichever is earlier on sale of immovable property.
For more info contact at ca.roomi12@gmail.com or call at 9216216819.
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Venu
I Paid my last year lic premium this year then how to show it in income tax calculations
Apart from several other items provided under section 80C, a taxpayer can claim deduction under section 80C in respect of premium on life insurance policy paid by him/it during the year.
For more info contact at ca.roomi12@gmail.com or call at 9216216819.
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Preethi Mirgale
We purchased a property resell at 3250000 but increased the amount 3550000 in deed for registration what percent should we give to seller on Rs 300000
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Arihant Nahata
I paid 3 lakh rupees for my Daughter hospital charge, can I less it from my profit made during the year?
No, this is not business expenses . You cannot claim it. For more info contact at ca.roomi12@gmail.com or call at 9216216819.
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Samrath Saluja
I import some products under my proprietorship firm,but want to sell those products from another proprietorship firm of mine,whats the process to do that?
You can show it as sale/supply to your another proprietorship firm and then sale/supply from that unit to ultimate customers. For more information you can connect with us ca.pujasharma@outlook.com
T&C apply
