S
Sanjay
Can we apply to the Assesment officer to close a capital Gains account AT ANY TIME after paying applicable taxes and filing the return (once we dedide not to reinvest the capital gains).
Or should we neccesarity wait for 3 years to complete, then pay the taxes, file the return and apply for closure? Please advise!
S
Sanath
Hi! I have a doubt regarding TDS Payments. In a quarter (say Quarter 1 - April, May, June), if an employee's TDS is paid partially during April, can the remaining TDS of that employee be paid along with TDS of May or June?
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Yes it can be paid alongwith applicable interest. For more information kindly connect with us at +91-9911744028
CA Rahul Dwivedi 29 Nov 2021Dear Sanath,
Yes the balance TDS can be paid in the subsequent month. However if you have deducted & not deposited the TDS within due date Interest will be applicable.
Employee's TDS deduction can be planned & interest can be save in certain cases.
For further consultation you can reach me at ca.rahuldwivedi@gmail.com or 9004485377
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
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.
