Respected Expert

I have received demand notice from TDS dept. regarding short payment. Kindly let me know how i can know the short payment deduction and how can reply the same.

Your positive and early response shall be highly appreciated.

dear sir,

one of my client purchased one site by availing gold loan of about 3500000/- by in his son's name and also his son availed gold loan as well as same as his father. the site will be registered by his son's name. my client also gst dealer and bank appraiser.

this kind of transaction is correct and might be a source of income for purchasing land.

thank you

regards

Dear experts,

I have 2 residential properties and some RSU stock options. I wish to sell them and invest all the proceeds in buying another property closer by to my work place. How could I structure the sale so that i avoid capital gains tax? Can i invest the capital gains from both properties into a 3rd property? Can i invest the RSU capital gains into 3rd property?

Kindly guide.

Respected Sir/Madam,
My query in context to Sec 194Q TDS and Sec 206C TCS, If Seller collect TCS till dec 2023 on sales but turnover of buyer exceeds 10 crores in previous year then 194Q prevails, In this case now, buyer deduct TDS from Jan 2024 and send declaration to Seller for deduction of TDS 194Q then for previous nine months till dec 2023 buyer not able to deduct TDS 194Q then in this case is there any non compliance notice received from the dept or any demand notice issued by dept.

Kindly guide or help in this regard

sir,
Payment to MSME in sec 43b(H) provision applicable for sec 44ada and sec 44ad it persons.

My client is a developer company. He appoints security personnel at the main gate & other areas of his constructed projects & pays subscription fees to subscribe 'My -GATE' software & 3 nos accessories to the security personnel for control entering people into the project. He considered subscription fees of the above software & accessories u/s 94c and did not deduct TDS as the quarterly bill including GST is INR10620/-. Is the above software subscription fees will be deducted u/s 94I(a) as the threshold limit will be exceed above INR 30000/- excluding GST? please clarify.

Is it possible to file itr 6 for a private limited company now. Fy 2022-23

Dear sir/madam
Can we show rental income form house subletting under presumptive income u/s 44AD or 44ADA
or is it to be shown as income from house property while filing ITR?

Respected Sir/ Madam

In 26AS of FY 2022-23 bit of TDS of 2021-22 is appearing and is claimed in return of FY 2022-23.

Income of FY 2021-22 whose TDS is now showing in 26AS of FY 2022-23 has been correctly accounted for in FY 21-22 and Income given for taxation in the return of FY 21-22 although TDS on this income had not been claimed in FY 2021-22 as it was not appearing in 26AS of past year.

CPC has not given credit of past years TDS in return of FY 2022-23.
Return processed without giving credit of TDS of FY 2021-22

Now Return of FY 2022-23 is processed and Intimation u/s 139(1) has been received with Computation of Restriction of TDS based on Rule 37BA which has reduced total TDS claimed in return by amount of TDS that pertains to past year (FY 2021-22)

What to do now to get credit of total TDS ( TDS of 2021-22 + TDS of 2022-23) in return of FY 2022-23.

Please Guide

Thanks & Regards

20-01-2024

1. We have tried several times for doing above. After redirecting by TRACES site for TAN log in, under Contact details, PIN code, Post office, Area, Town, State is not taken . POP up & redirects is enabled, but no result

2. Is there Site problem. We are trying above since yesterday

3. Or alternatively, for filing First TDS return, Now TDS paid challans are not being sent by mail.
If we can get BSR code & Challan no. of the challan paid , then TDS return can be filed with NSDL
Pl help us in getting BSR code & challan no. of payment made for filing TDS returns
Thanks!
CA Laxmi Mittal
Vapi