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Bhuvnesh Sharma
I have sold my plot in 25 lakh. In that amount I got 17 lakh cash.
I want to ask what is the limit for cash deposit in post office.
And how can I deposit this in post office without tax.
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269ST of income tax states that for single nature of transaction (In your case sale of plot) No person shall receive more than 2 lakh rupees by any mode other than A/c Payee cheque or A/c DD or Online transfer.
271DA states that penalty would be equal to sum received (in your case it is 17 lakhs)
Hence do note the above and proceed
N
Nik
Hi Team,
I and my Father are transferees(coapplicants in loan as well) and both are contributing funds in certain ratio. There is one seller. Property worth >50L. Following are my queries-
1. Do I need to file two Form 26qb with TDS proportional to our funds?
2. Current TDS value is .75%. please confirm.
3. I have paid 1/6th amount till. Can I pay the TDS for the entire property cost now?
4. Also suggest things I should be careful about while filling form 26qb.
Could please help me to resolve the above queries. Thanks.
Hi Nik
1.TDS is required to be deducted if one payer is paying more than 50 lakh (To avoid any problem, practically it is done even if total value goes above 50 lakh irrespective of one share)
2.Yes
3.Yes
4.Form 26QB you need to be sure on Value,PAN,Date of agreement,Co-applicant details
R
Riya Bhasin
Can we provide seminar speaker service under 44AD in come tax?
Hi Riya,
Yes, It can be done unless seminar is with regards to Institutes where speaker can only be such person who is qualified and covered under 44ADA category.
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Pooja Shaha
I am looking to take 2 crore loan what salary package do i need to show to the bank and i have existing personal loan going on of 70 lakhs
While opting for loan purpose, Its not only about your salary package but it has many other criterias too. Like your return, property you own, credibility etc etc
Kindly contact us at castutishah@gmail.com or 9825330911 for any professional advise
D
Dhiraj Gupta
My Employer had shown extra salary amount in form 16 and now he is revising my form 16 by removing extra amount but still previous amount is seen, please help to know why it is not showing corrected amount.
Hi Dhiraj, not clear where the amount is not correctly seen. Employer has to file the revised TDS return. Once it is done, it will reflect in 26AS
Dhiraj Gupta 14 Oct 2020Hi Yash , Thanks for your reply
My employee has revised the Annexure 1 and Annexure 2 of conso file of quarter 4 but still the old amount is showing in form 26AS and form 16
Please call on 7045760379
Dhiraj Gupta 14 Oct 2020okay sir
CA Namita Agarwal 6 Nov 2020Hope your query is resolved
T&C apply
