Sahaj M
24 May 2022 at 16:25

Updation Of UDIN on revised TAR

I have revised a TAR and generated a new UDIN of the same. I also had generated a UDIN for my original report.Now on the portal for updation of UDIN both original and revised TAR are showing.So my query is that whether i have to update both original and revised report and if so then by which UDIN number?


TalentHunt Consultants
23 May 2022 at 21:44

TDS Deduction on actual amount

I am working as a Freelance Consultant (as an Individual)with a Consulting Co into Recruiting business. Being into professional service the TDS Deduction works at 10%.
The working model is that I am eligible for 50% of the income from the assignments that I handle. I am not into any employment model with them.

Now if an income of Rs. 1,00,000/- is generated from an assignment and the Client is making the payment to the Consulting company of 90,000/- after deducting 10% TDS.
So in the above situation the consulting company will further deduct 10% TDS on 45,000 (50% of amount received) and pay me 40,500 or it will deduct 10% TDS on 50,000/- which is 50% of the actual income generated.

Please if someone can give inputs on this.
Thanks


vikrant
23 May 2022 at 13:52

tax practitioner

if i want to apply for income tax practitioner certificate then where should i apply and what are the documents is being needed for this and the eligibility . I have done LLB . please help on this issue .

Thank You


SHYAM KRISHNAN K

Is the ordinance (The Banning of Unregulated Deposit Schemes Bill, 2019) put any restriction on receiving loan by an individual from his friends ?


Deepak Kumar Singh

Sir, I have filled ITR under new tax regime by choosing taxation option 115BAC. Today, I have received intimation under 143(1) that my claim under taxation option 115BAC is not considered and they have demanded Rs 92000 as tax payable. What should I do?


Dibyendu Majumder
22 May 2022 at 13:03

SCOPE OF TDS

Sir,
A developer company purchases a 12 Bigha land, pays the land cost to the landowners & also pays some amount to the persons who occupy illegally in this land, Is any TDS deduction necessary for the payment made to those occupiers & if made in what section & rate?
Please reply urgently


Parth Patel
22 May 2022 at 12:34

Turnover in special case

In case Auto dealer engaged in purchase and sale of used cars having turnover of more than 1 cr considering all sale of old cars during the year, what will be T/O for income tax and GST purpose only net margin earned from sale or whole sale amount?


Kollipara Sundaraiah

Sir,
It assessee cash loan pay to debtor rs:4 lacs in f.y.2018-19 .this transaction not showing in books and it returns.if assessee cash loan rs:4 lacs amount received from debtor in f.y.22-23.
Question:
Assessess above mentioned loan transaction show procedure in books and it returns.


manisha
21 May 2022 at 15:59

Deduction 80C-Atal Pension Yojana

Sir,

Can employee claim deduction u/s 80C contribution for Atal Pension Yojana which is in the name of his wife.

Payment was done from the bank to atal pension Yojana which is in the name of his wife(single account) but wife not filing income tax return.


Anushka Sharma
21 May 2022 at 11:26

DEMAND NOTICE FOR AY2020-21

Hello,
I received the demand notice for AY2020-21 in Nov 2021,
I tried several times to file RECTIFICATION but I was getting 
ERROR: ITD-EXEC2003.
Can I file the revised return or belated return now.
Appreciate your kind response.
Rgds,
Anushka






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