When the agreement value exceeds 65 lakhs but only 5 lakhs is paid upfront, with the remaining amount to be paid in 12 monthly installments, what are the buyer's obligations regarding TDS deduction at the time of upfront payment and monthly payments?
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Is credit note deducted by purchases in GST or added to GST?
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deduction
Hi,
Can anyone answer this
One of my client running an IT business has 10 employees in his company and 6 employees telling him to deduct their EPF and ESI and 4 employees don't want to deduct their EPF and ESI.
My question...is there any rule that company can only deduct their 6 employees EPF and ESI and for rest they give complete salary without deducting EPF and ESI .
If we mistakenly deducted TDS, what are we supposed to do?
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Vendors like Facebook, Google, Amazon, LinkedIn etc now due to change in law have Significant Economic Presence (SFE) in India.
Suppose the vendors provide PAN and no PE declaration, please let me know should we deduct tax @ 40% or at lower rate.
Provide your view.
deduction
Father and son wish to buy residential property jointly. Father shall be claiming exemption u/s 54 ( he shall sell his owned residential property and invest in new one jointly with son). lets see by example: New property purchased on 25/12/2019 for 1.5 crs Fathers' estimated capital gain from sale of his old property 40lakhs. Father's residential property has to be sold within one year of the purchase of new property to claim under 54. If he is unable to sell the old property before 25/12/2020, what shall happen? Can he invest in the new property ( for claiming u/s 54 ) by buying 1/3rd share of the new property from his son? What shall be the stamp duty on the same?
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Whether any reimbursed expenses should also be reported in column 4 of clause 34(a) of Tax Audit report?
