Hari Konanur
15 November 2021 at 00:57
Namaste sir
I'm planning to purchase flat worth Rs45 lakhs in Bangalore from NRI seller
He is telling me that he purchased flat for Rs 25 lakhs around 13 years ago.
He quotes that he developed flat by investing on interiors.
So how much can i deduct TDS from 45 lakhs.
This deducted tds amount i need to pay to income tax department
Regards
Hari
rajesh singh
27 October 2021 at 14:34
i want to take 30 lease land on rent basis. first year rent is 1 lakh per acre and every 3 years there is 5% growth upto 30 years... what will be stamp duty and rent ?
Anonymous
20 October 2021 at 18:28
real esate brokerage recd...23 lac.........income under 44ad / 44ada if 50%....11,50,000 sub-brokerage paid by chq.....15lac can we show income below 5 lac.....after audit..??? any other ...solutions / pre-cautions
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Anonymous
30 September 2021 at 18:51
What will be long term capital gain tax on property purchased in 1970 and sold in 2021.
My father purchased residential flat at r
Rs 55000.00 in 1971 and I sold the same @ Rd 1.25 cr.
I don't know what will long term capital gain tax. I asked i t lawyer but not getting proper
Reply.
Ajay
padmaja p
23 September 2021 at 12:59
Sit, please let me know, is required to tds on donations paid to trust by donor.
Is there any provision on donations.
sasikumar
21 September 2021 at 13:15
Dear Experts,
I am requesting Please share there is any judgement order against the rule 36 of GST.
Naresh Gupta
05 September 2021 at 11:06
I retired from a CPSU. I was the member of pension fund of LIC under NHPC self contributory and post retirement benefit scheme( I have switched over to HDFC life on my retirement). At the time of switch over I had commuted 30% of my pension. Is this amount taxable or exempted under 23AAB u/s 10 of IT Act?
Naresh Gupta
05 September 2021 at 11:02
I want to invest the amount received from sale of land in 54EC bond jointly with my wife. I was the sole owner of that land. Will I get tax exemption if I invest it as stated above?
Anonymous
30 August 2021 at 20:48
Hello I'm starting my career fresh out of college and have landed my first job and this will be the first financial year I'll be taxed in. I work in the legal profession but have nothing to do nor have a very good understanding with finance and taxation laws as that isn't my area of focus.
On discussing my role with the company and their HR, a situation has arisen about the status quo of my hiring in the company and the higher ups have taken some time to discuss this internally and have told me they'll set a meeting up in a few days where all of us can then finalize on the offer.
Essentially I can be hired, either as a retainer where I don't accrue any employee benefits provided under the labour laws of India and get taxed at the source, making it much more transparent and presumably lesser or be taken on as an employee with all the benefits that come with it along with the taxes that are charged on the various aspects of my income whether they be bonuses or perks and allowances.
The income slab that I fall under is 15% of my total income above the lower threshold and an additional Rs. 37500. No matter how much I try to wiggle around I can't lower my slab with the available deductions so I'm genuinely confused as to what manner of hiring should I go forward with that will net me the most amount with the lowest taxation so I can focus on my savings. I also don't have any additional sources of income at the moment so the income from my job will be the only amount for consideration.
Any help, guidance and suggestions will truly be appreciated and go a long way. Thanks in advance.
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Cash sale exceeding twenty thousand
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