Respected Sir,

Our company has been selected a firm to provide Virtual Awards Night, Magic and Mentalism for its employees. Which provides its services for the corporate organization.

In this case, we make a payment of 1,00,000 to the selected vendor without deduction of TDS. Whether TDS is applicable or not. If applicable which section 194 J or 194 C.

Dear Sir,

If a person have income less then Rs.500000/- so he can file ITR without Claiming Deduction of 80C & 80TTA OR its mandatory to Claim deduction

Please advise

Dear Sirs,

A person worked in India for 3 months during FY 2022-23 resigned and moved to canada as a PR.

During the process they got a travel card in CAD from HDFC for Rs.5.60 lacs ( first for Rs.2.40 lacs and again loaded Rs.3.20 lacs).

Now this amount is shown in Form 26AS under Part VI (Details of Tax collected at Source) - 206CQ.

Under Annual Information Services Part B - its shown in outward foreign remittance / purchase of foreign currency - Remittance under LRS (u/s 206C (1G (a))).

Which ITR should be used for filing and whether the above has to be declared in ITR, if yes, where to fill these details.

Thanks.

Dear Sir, One simple yet logical query.
How to calculate / claim standard deduction for the following :
(1) Gross Taxable Salary Rs.75000/-
(2) 80-C Deduction Rs.25000/-
(3) Prof. Tax Rs.600/- so net taxable salary Rs.75000-25000-600 = Rs.49400/- In this case my question is whether standard deduction for FY 2022-23 to be claimed as Rs.50000/- or Rs.49400/- (net taxable income) because if we claim Rs.50000/- then taxable income comes in negative (-)600. So please guide. Thanks in Advance

dear sir
My question is how to calculate 80c deduction 26600 explane plz

i am buying a truck worth 28 lakh, the dealership issued invoice for 33 lakh and then raised credit note of 5 lakh, so my question is should i take depreciation on 33 lakh or 28 lakh.

selling of two different shares
whether GST, Trx, Charges, STT, Exch. Clearing charges , Brokerage Charges expenses etc,
whether can I deduct these expenses of selling of any one shares.
Example selling of shares
NRL
Zomato Limited.
Suppose Total expenses
GST 1800/-
Trx. Charges 500.00
STT 500.00
Exch. Clearing Charges 500.00
Total Rs. 3300/-
whether can i deduct these expenses of selling of any one shares .

Whether TDS to be deducted for microsoft azure usage charges?
It has to be deducted under 194C
But our vendor is disputing that there is no TDS as per

CBDT Notification No.21/2012
[F.No.142/10/2012-SO(TPL)] S.O.1323 ( E ) dated 13/06/2012

Isn't the notification clearly mentioning that it is for Acquisition of software?
Is it also applicable for normal subscription charges for a software?

Sir,
one of my client's form 26as showing entry US 192 which is absolutely not belongs to him. How to rectify ?
regards
vikas

Sir,

We have sold some goods (agriculture product) to govt. Agency. Agency deduced EPF and clear balance amount. its pending from govt. agency more then two years. so its my current assets or Non Current Assets

Dear Experts,

If an Individual has two source of Income ( Salaried & Business)

While preparing the Balance sheet for the Individual , shall we include the EPF balance under Long Term Investment. ( Both Employer Share and Employee Share) - Balance as per PF Website

I believe ESI Contribution cannot be consider under Investment - Kindly correct me if Im Wrong.

Kindly Advise