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Harry Potter
I have a small query regarding TDS on property. I had booked a flat and paid the TDS as applicable. The flat is not yet registered. Now I want to buy another flat of same value in the same apartment complex instead of the booked one. In this case how the TDS already paid will be adjusted. And what I have to do.
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If the seller is different, then you need to pay TDS on the entire amount of 2nd property. If the seller is same, you may pay on the differential amount. Thank You!
CA Rahul Agarwal 9 Mar 2018Hello Harry, This is buying a different property irrespective if it is in same apartment. TDS will not be adjusted you need to pay separately. For more details you can book an appointment with me on Finaco.
CA Amit S 13 Mar 2018no you have to claim in the return
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Alok Rai
A PVT COMPANY IS GOING IN FOR A REVERSE MERGER WITH A LISTED COMPANY. THE SHARES OF THE PVT COMPANY ARE PLEDGED TOA BANK. HOWVER ALL THE ASSETS OF OF THAT COMPANY ARE ALSO MORTGAGED WITH THE BANK. I NEED TO KNOW THAT IF THE ASSETS OF THE COMPNAY CONTINUE BEING MORTGAGED WITH THE BANK AND THE SHARES PLEDGED ARE RELEASED BY THE BANK, WILL IT RESULT IN ANY KIND OF DILUTION IN SECURITY CHARGED TO THE BANK. BECAUSE I AM ASSUMING THAT WHEN THE ASSETS ARE COMPLETELY CHARGED O BANK THEN THE SHARES DONOT HOLD ANY VALUE. . NEED CLARITY
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Sumit Ahuja
Hi
I am Sumit Ahuja. Actually few days back my youngest brother received a letter from income tax department regarding exceeding limit of 2.5 Lakh Rs. in his account i.e in my brother account. But he is student pursuing MBA and he is not earning anything all that I just sending all the money into his account to meet his study expenses. So kindly tell me how I can deal with that letter , as I am working professional in bangalore and I had paid the taxes as my employer deduct the tax from my salaries. How my brother will reply to their letter, should he have to file an ITR . Kindly suggest me Sir.
My email sumitahujask21@gmail.com
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Anil Singh
Can we receive cash above 200000/- in one financial year from a single party
No, not even a single transaction is allowed.
CA Ankur Jain 1 Mar 2018Yes
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Gauri Kakrania
There was a listed company whose financials were audited by one of the big 4 firms and in those financials a waiver letter was used for interest on msme.
can you please help me find which comapny's financials those were and in which year?
