I am an IT dealer. I have bougth IT services under HSN code 998313 and sold the same to a customer. Am i required to deduct TDS on the above purchase?
Sir
I want to know which amount is consider for calculation of as a current salary.
FY 2022-23 current salary 442799+arrear 172391 = 615190 as a total salary now i have received rs 18216 as a arrear salary for fy 2022-23 in current financial year while calculate the relief under section 89a of income tax act as a current salary for fy 2022-23 rs 442799 or 615190 kindly suggest .
IN CASE OF PF/ESI PAID ON OR BEFORE DUE DATE OF FILING OF INCOME TAX RETURN UNDER SECTION 139(1), THEN SUCH EXPENSE ALLOWED AS DEDUCTION UNDER PROFIT AND LOSS? IS THERE ANY CASE STUDY ON SUCH MATTER?
If search seizure initiated to other party under section 132/132A then assessment procedure start on basis of same on us then we may apply for DTVSV 2024?
Hi,
Mr.X wants to sell his commercial property and wanted to buy residential one, he doesn't have more than 1 residential property.
He is selling old for Rs.75L and the cost of new residential plot is only Rs.50 L., so can he use the balance amount for the construction which will take another 6 months and claim the total sale proceed for capital gain deduction.
Further he has 2 sons, A and B.. so can he purchase the new property in joint name of all 3, without any contribution of Funds from his sons.
What would be the tax impact
Please clarify
My turnover is only 80 Lakhs to 1 Crore, but we are paying 50,000 every month as consultancy charges.
In this regard, is it necessary to deduct TDS? Since we are a proprietorship and our turnover is below 1 Crore, is TDS deduction not required? Please confirm
I am a practicing CMA. I need a freelancer or professional for drafting ITAT appeal submissions on a per-assignment/case basis. Where can I find one?
1) IF APPEAL PENDING AS ON 22.07.2024 AND SAME APPEAL SET ASIDE AFTER 22.07.2024 SAY, 29.01.2025 THEN SUCH CASE ELIGIBLE FOR DTVSV?
2) IF CIT(A) PASSED AN ORDER THAT DISMISSED APPEAL BEFORE 22.07.2024 AND WE GO FOR APPEAL AGAINST CIT ORDER TO ITAT AFTER 22.07.2024 THEN SUCH WE CAN APPLY TO DTVSV?
There are 2 buyers and one seller in case. What if one of the Buyer's PAN is not registered on income Tax site for filing 26QB? The buyer has total income up to basic exemption limit and hence he does not file his returns. Do we have to register the buyer in this case?
Sir.
I heard about new section 194 T tds to payment( remuneration, bonus etc)to partner.
In our friend case remuneration is fix at the end which check profit and loss finalised.
In this case 194 T is applicable.
Please advise.
Binu
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TDS on HSN code 998313