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Tushar Gugnani
I am selling a property whose value exceeds 50 lakhs. The buyer has to pay 1% TDS on the property value. Our sale deed date is 1st July. When trying to pay TDS the portal is not accepting future date of registration on Form 26QB.
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Dear Tushar Gugnani,
How you can execute sales deed of July 2022 in June ? That not possible
For further consultation on return filing, Tax planning you can approach us on ca.rahuldwivedi@gmail.com or 9004485377
The date of TDS deduction should be the date of payment or agreement, whichever is earlier. In your case, you are mentioning 1st July as the date of credit, which is a future date. The TDS can only be deposited against this date on or after 1st July 2022.
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Jayanth
As a student do i have to pay tax for UPI transaction of 16lakhs in a financial year????
Dear Jayanth,
Your complete detail required to guide you about filing. You have not mentioned you much you earned by trading.
For further consultation on return filing, Tax planning you can approach us on ca.rahuldwivedi@gmail.com or 9004485377
The income tax return should justify the transaction made from the UPI mode. If your source of income can explain that, then there will not be a problem. Even if your parents have deposited the amount in your bank account, that will also be a valid explanation. If you receive any query from the department, there should be a definite source to justify your banking transactions. For IT-related consultancy, you can connect with us at ca.pujasharma@outlook.com
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Priyamvada Shende
I joined a new role in new organization in end or march 2022. While calculating taxable income, my new employer did not take into account the salary received from previous employer. As the salary for my period of employment (last few days of march) with new employer was in the lowest tax bracket (no TDS), they did not deduct tax. Is there a way for me to pay the tax difference right now without having to wait till filing ITR and avoid penalties ?
Dear Priyamvada Shende,
You are liable topay tax on both the salary irrespective of whether your employer included your previous salary in it or not.
In case you failed to disclose income in future you may receive notice U/s 148.It is advisable to file ITR including both the salary and pay the tax.
For further consultation on return filing, Tax planning you can approach us on ca.rahuldwivedi@gmail.com or 9004485377
Yes you can pay differential tax yourself even before filing the ITR. For more information kindly connect with us at deepakkucheria@gmail.com or +91-9911744028
CA Puja Sharma 29 Jun 2022You can pay the estimated tax liability under the self-assessment. This will save you interest for a month if you are considering to file the return in July 2022
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Ashish Pal
I am sole propreitor and have a manufacturing unit so I can add my labour cost in GST or does I have to only worry about sales and purchase
Dear Ashish Pal,
If you include GST in cost then you can not avail ITC of GST. So it is upto you whether you wish to avail ITC you want to include it in the cost.
For further consultation on on Accounting, Taxation you can approach us on ca.rahuldwivedi@gmail.com or 9004485377
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Ganesh Jm
I want to sell product with relabelling in online platform is gst registration compulsory if compulsory what are the license required and charges
Dear Ganesh Jm,
For Online trading GST registration is mandatory.
For further consultation on return filing, Tax planning you can approach us on ca.rahuldwivedi@gmail.com or 9004485377
