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Question & Answer


A

Ambarish Ganguly

20 Oct 2023

Audit expense report

No Reply  


R

Rahul

13 Oct 2023

I am purchasing a property and making payments to builder in installments. Builder has asked me to deduct the entire TDS for the property value rather than installment TDS. Can I make an advance TDS though I haven't paid the entire amount to builder?

Replies (2)                          

CA Roomi Gupta       19 Oct 2023

Technically, In case the payment is made in instalments, then TDS needs to be deducted at the time of making each payment. This TDS, deducted each time while paying the instalment, is to be deposited with the department by way of return cum challan (Form 26QB) within seven days of the following month of making the payment. But if you wish to deposit the entire TDS in advance you can go ahead. For more information , you can reach to us @ www.tarunguptaca.com or 9216216819.

CA Puja Sharma       19 Dec 2023

The TDS have to be deducted on every installment which will reflect in Form 26QB.

T&C apply


Z

Zia

10 Oct 2023

CAN I TAKE 50 LAKH RUPEES AS PERSONAL LOAN FROM MY CLOSE/MUTUAL FRIEND IN INDIA ?

Replies (1)                          

CA Shubham Goyal       11 Oct 2023

Yes, you can take a personal loan from a close or mutual friend in India. For further information, please contact me at 8171582583. - CAShubham Goyal

T&C apply


M

Mayank

9 Oct 2023

Hi, i recently sold a unlisted shares and I want to use the proceeds and invest in residential property fror claiming tax deduction under section 54f. My query is can I buy currently under conconstruction property (flat) which is available on resale and use my proceeds there. The property is expected to get completed in next 2-3 years.

Replies (1)                          

CA Shubham Goyal       11 Oct 2023

Yes, you can invest in a residential property under construction and still claim a tax deduction under Section 54F, as long as the property is completed within three years from the date of sale of your unlisted shares. For more details, please contact me at 8171582583. - CAShubham Goyal

T&C apply


A

Adarsh

18 Jun 2023

Want to open huf and do stock trading as bussiness. how can i generate initial capital

Replies (2)                          

CA Aishwariya Rajagopal       20 Jun 2023

Hello Mr. Adarsh. Try using up your personal savings or obtaining a bank loan for the same. You could even see if there are any government assitsed funding for startups. If you need assistance with this, please feel free to contact me at 9642355275 or ca.aishwariya@outlook.com

CA Puja Sharma       28 Jun 2023

The initial capital can be contributed by the Karta of the HUF.

T&C apply