Payment made to Chartered Accountant for professional services provided by him on following dates:-
13/12/2023 Rs. 20,000.00 TDS not deducted as amount was less than threshold as per 194j
09/01/2024 Rs. 20,000.00 TDS deducted rs. 4,000.00(Rs. 2,000 on first payment+2,000 on second payment) on 09/01/2024 and deposited to govt. on 07/02/2024.
Now, while filing 26Q, how this 4000 has to be bifurcated for two payments?
If Q3 26Q is revised with entry dated 13/12/2023 & challan dated 07/02/2024 then interest will become payable on Rs. 2,000(on first payment) as the TDS should have been deposited before 07/01/2024.
Please guide on the above issue

Hi

Can anybody help me out with the below query?

Is TDS applicable to car parking charges paid to individuals by the company?

Thanks in advance.

Hi

Is TDS applicable to brokerage charges for commodity trading?

Thanks in advance.

Can Maternal Uncle (mother's own brother) gift 7 lk.. without any tax implications?
(The purpose is to trnsfr this money (equivalent) to UK to assist in purchase of the property.)

Dear Sir/Madam,
In last financial Year, I had transferred money of around 20 Lakhs in different different chunks on different different dates as per need from my HDFC Saving Bank Account to my Wife's S/B Account of HDFC where she is primary and I am joint in that.

1) Can Income tax department ask for reason as mandatory or optional later on for reason of transfer of money across the other account ?
2) Would it be taxable ? I got to know that transfer across relatives is not taxable. Pls confirm.
3) At what level , I may be required to show proof of this as a gift deed , Like a proper registry or a simple notarized affidavit or Just a simple plain gift deed declaration format signed by both of us along with a witness would be a sufficient proof to show later on.
Pls advise.

IS TDS applicable on processing fee paid to NBFC ? please advise.
We have paid processing fee etc to NBFC , Should be required to deposit TDS on this Processing fee.

Dear Sir/Madam,
I have two queries for FORM 26QB - Total value of consideration for 2 Buyers ( husband & wife) and one seller.
The Total Consideration given by builder is 64,92,000.
We both are paying 50% each through installments , means 3246000 from my side and from wife side.
1st Query is while filling separate form26QB(s) , for the field "Total Value of Consideration (Property Value) *", should each of us enter 64,92,000 every time or 32,46,000 (half of 64,92,000) every time.

2nd Query is when we come to last installment option as YES, and fill in 32,46,000 in the field "Total stamp duty value of the property (C) *" , then it auto populates the field "Amount on which TDS to be deducted (D)
*" with whatever is maximum of the ( current Installment + sum of previously paid installments ) or "Total Stamp Duty value of the property" and also showing it disabled whereas we have a very small current last installment left on which TDS is to be deducted and for which we opted yes last installment.
We have already paid the 1% TDS on previous installments(considerations) filled in our previous 26QBs separately.

I have taken a personal for house construction can I save my tax by showing the interest that I am paying?

Till now, I used to follow old tax regime income tax slab.

For Fy2024-25, I would like to switch to New régime income tax slab.
Is new tax régime allows U/S 80 C dedution for LIPs, ELSS MF etc.

I worked as an IT consultant and TDS was deducted on the consultancy fees and the TDS certificate was issued to me.

The net of TDS consultancy fees was not paid to me and therefore I filed a suit in 2011.
In 2024 February the matter was partly settled by the court after 13 years.

The court fees was also received and interest received at 6 % on the settled arrears.
1. Under which section should I report this and get tax exemption,since TDS is aready paid and filed by me.
2.How do I show this amount which is received in the current financial year but is for fy 2008-09
and TDS deducted and tax returns filed by me. I have spent amounts on legal charges and other expenses on several visits to the court. Can I claim these expenses ?