Search results
5 days ago · Then attach the TDS tax codes to the tax group, and define the formula, using the Formula designer page. Example formula. In this example, the TDS group, Rent, is attached to a purchase invoice that's created for vendor A. The invoice amount is $100,000. Refer to the following table to view the TDS calculation for the invoice. The voucher ...
3 days ago · Release of File Validation Utilities (FVUs) and Return Preparation Utility for e-TDS/TCS Statements. File Validation Utility (FVU) e-TDS / e-TCS returns prepared for FY 2005-06 and onwards (i.e. Forms 24Q, 26Q, 27Q and 27EQ) can be validated using this utility. A. FVU Version 8.6 for quarterly e-TDS/TCS statement pertaining to FY 2010-11 onwards.
3 days ago · Here is a spacious 2 BHK Apartment in Kurla, promising a comfortable lifestyle. The Apartment is unfurnished. Built on floor 2 out of a total 5 floors, it is an ideal home providing beautiful views of the city’s skyline. This property is designed to suit your space needs and has 2 bedrooms and 2 bathroom.
5 days ago · Rights of a Tenant. The Rent Control Act is established not only to protect the landlord and their property but also to protect the tenant. Under the Act, the few important rights that are given to the tenant are: Right Against Unfair Eviction: Under the Act, the landlord cannot evict the tenant without sufficient reason or cause.
3 days ago · 5% in excess of ₹7 lakhs. Let us understand the calculation of the foreign remittance TCS with the help of an example. Suppose you wish to invest ₹10 lakhs in a foreign asset and approach a money transfer agency for the same. In this case, a 20% TCS on foreign remittance will be applicable on the amount exceeding ₹7 lakhs, i.e., ₹3 lakhs.
3 days ago · An NRI must pay taxes accordingly if they buy a property in India- (a) If an NRI buys an immovable property in India from a resident, he must deduct TDS at 1 per cent if the sale consideration value exceeds Rs 50 lakh. (b) if an NRI purchases a property from a non-resident, and if long-term capital gains (LTCG) are applicable, then the TDS ...
4 days ago · A earned a rental income of Rs. 15 lakh. He has also paid a house tax of Rs. 10,000 and interest on home loan of Rs. 2 lakh. Additionally, he has received rent arrears of Rs. 1 lakh for the previous FY 2022-23. While reporting income from house property, the taxpayer must select the type of property, such as self-occupied, let out, or deemed ...
