The Rent from April 22 to December 22 is Rs.20000/- per month. However, due to the change in agreement the rent from January 23 to March 23 has been revised to Rs. 25000/- pm month. Which makes the total Rent to Rs. 255000 per annum, crossing the limit of tds of Rs.240000/-. The assessee is covered under tax audit. So we started deducting tds from January 23. My doubt is weather we need to deduct TDS on Earlier payments also and if yes, will there be interest on delayed payment of tds as we are paying the tds now. Also should we file tds returns for earlier quarters also, showing the tds for earlier months.

We have remitted to pay the TDS amount of Rs.50,000 For Sec 194J for the month of Mar-2023, on 01-04-2023 through SBI, Amount Debited but challan not generated. On 16.04.2023, the above CRN has been expired.The above amount has not been reversed to our bank account till the date. What can we do do?

Dear Experts,

I have a query, i have deposited TDS in the month of September' 2021 amounting to Rs. 12000 and same TDS again i deposited BY MISTAKE in the month of October 2021. I have filed TDS Return for Quarter Q2 2021 claiming TDS of Rs. 12000/- But i haven't filed TDS Return for Q3 2021 as the amount was mistakenly deposited Now i need to know whether TDS which i deposited by mistake in the month of October' 21 can be claimed now without interest or penalty or whether i can claim refund of the same from the department.

Regards
Rajat Pandya

I have a Design firm providing IT services (UX Design and development) services to various brands. It's a sole proprietorship. I personally work for customers and I have a small team who also work onsite for the customers and are billed hourly rate. How can I avail 44AD tax benefits. Also kindly explain what it would mean as an individual. Does it mean my total tax liability is 6-8% for total earninga or do I also have to separately file my individual taxes as per the tax slabs. In service industry how is profit calculated? How can I optimize my tax savings?

In cases where there are two buyers, we need to file two 26QBs. But I have confusion about what to fill in under the head 'Total Property Value'. If the property value is 1 crore and my husband and me are buying it jointly,
(1) Should we fill in the column as 50 lakhs in our individual forms or
(2) Should it be shown as 1 crore in both the forms? If the 'Total property value' is shown as 1 crore in both the forms, will the TDS be deducted twice?

If (1) is the right option, and suppose the total property value is 80 lakhs, which is jointly bought by a husband and wife, it needs to be filled as 40 lakhs each in both their individual 26QB forms. But then, since the individual amount is below 50 lakhs, it becomes such that TDS need not be paid.

So, kindly advise me as to which is the right option. Thank you.

The TAN is MRIU00428B. On 01.04.2023,TDS remittance of Rs.50,000/- had been made vide CRN-23040100040443 , the amount had been debited in the respective bank Account, but the challan has not been yet generated. Further, the Challan is still under ‘Generated Challans’ and the status of challan is showing ‘awaiting bank confirmation’, but the remitted challan are not available under ‘Payment History’ . Also, it is informed that the grievances have been submitted on 06.04.2023 in this regard. The CRN-23040100040443 has been expired on 16.04.2023. The above facts have been informed to IT dept via email.Hence,it is requested to suggest to download the remittance challan from the e-filing portal or the whereabout of the amount of Rs.50,000 which has been drawn from the bank account .The above amount has not been yet re credited in to the bank.Further, I request that what I can do do?

University has no PAN and wants to take PAN but there is an issue regarding status of assessee.
It will be Artificial Judicial Person or AOP or Trust
As the objective of the university is not for profit, please guide regarding this.

I have paid TDS amount on 07.04.2023 Another 2 TDS amounts paid on 19.04.2023 All the three amounts are paid through online net banking only. I have all the three TDS challans with all particulars like Challan Sl No, CIN, valid TAN No, BSR Code and Tender date. Everything is correct. But none of the challans are reflected in OLTAS Challan Status Inquiry till now. What to do sir? Can any TDS expert guide me in this regards pls?

My son gets package of Rs25 lakhs per annum. Which tax regime should he follow for fy 2023-2024 and which will be most beneficial for him? What is the process of selecting the tax regime?

In new 26QB FORM WHAT is the meaning of this "Total Value of Consideration (Property Value) " for Eg. I have Two buyer value of property is 1 cr then in 26qb total value of consideration is 50lakh or 1cr in case of Two buyer.
I have divided Amount paid and stamp duty as per individual share but confused in : "Total Value of Consideration (Property Value) " part it should be divide or full value