Our company turnover above 10 crore. last year so we are liable to collect tcs @ 0.1% from our customer whose turnover is below 10 crore & transaction limit above Rs. 50 lacs. We already started collecting tcs on every bill from 1st April 21. Please suggest me whether it is wrong or right. Do we need to wait to cross the limit?

Dear sir,
An amount showing wrongly in exampted income but it is taxable as per IT ACT FOR F. Y. 2019-20, we have received intimation 143(1)
For demand, by taking tax on said examted income so what we can do revise, rectify, or any other way

1) Assessee is an resident individual
2) He has 2 businesses and 1 profession, income from which is offered as Income from Business / Profession
3) He owns 4 residential houses
4) 3 houses are let out; either for full or part of the year
5) 4th hosue is self-occupied
6) All 4 houses are shown as Fixed Assets in Balance Sheet
7) Rent from let out houses is offered as Income from House Property

Query:
a) Can assesse claim depreciation in P&L account of Business / Profession?

I received a demand of ₹600 for the current assessment year on 17/11/2021 by mail which I paid on the same day online with minor code 400. While submitting respose to outstanding demand on efiling portal, I tried to enter details of this challan, but everytime it is reflecting error like "an open challan with such details not available in the database for this financial year. " while this challan is correctly showing in my 26AS with minor code 400. What to do. I have also submitted grievance on efiling portal, but not solved as yet.

We have shown wrong cgst and sgst amount in March 2021 balance sheet and filed it. How to rectify this? Which journal entries needed to be passed. Please explain?

Is there any Income tax exemption available to Units registered as NON STP with Software Technology Park of India

A persson was transferred to UK in FY20 and had NRI status. Before that, he was an Indian resident for 30 years. In FY21, due to Covid and remote working, he worked from India for the UK employer (he was paid in UK and TDS was paid to UK Govt). In FY22, he went back to UK and his status will be NRI in FY22.

Now in FY21, as per tax rules, he is tax resident both in India and in UK. He had transferred funds from UK salaried account to NRE account in 2021. Is the interest income earned on NRE account in FY21, taxable in India (when he was resident in India) or is it to be shown as exempt income in India tax returns?

Dear Expert ! My client is diamond dealer and obtain purity certificate from Authorised person, it is continue process , there is payment of 70,000/- during FY 2020-21, No tax has been deducted nor paid in due date. Pl clarify following 

In which section it is to be deducted
If not deducted not paid and wish to deduct now without making any provision in last year since no deduction, which qtr TDS return to be filled without late fee, Interest can be paid .
Or pl let me know strait I can  go for 30% disallowance.

Dear Sir,

One of my client has earned income through capital gain from American stock market. What is the way of computing Taxable income as per Indian law for capital gain from abroad.

Please help me in this matter.

Regards,
Divyesh Jain

Bonds on which STT is not paid held for long term period are taxable @ 20% with indexation benefit

However in ITR 2 under capital gains "Bonds or debenture (other than capital indexed bonds issued by Government" cost of acquisition without indexation is specified.

My question is how to show Cost of Acquisition with indexation ?