If purchase deed of December 2020 is registered in April 2021 and no consideration is paid before April 2021 then TDS liability will arise in December 2021 or will it arise in April 2021 as transaction will be actually enforceable after registration. What will be treated as date of transaction for TDS and filing 26QB, December 2020 or date of registration

Dear Experts,

Is TCS on sale of Good u/s 206c 1(h) has been abolished from 1st April-2021.

Please let me know.

Thanks & Regards,
Paramesh

Respected Sir,
Please guide me and oblige.

=+R2*$M$13/100*S2/366

Whether the above formula is applicable while working depreciation in days ?
R : Stands for what
M: Stands for what
S: Stands for what

Hi,
I want to know how to get tax exemption in salary if we create a FD. It has lockin for 5 years and will I get tax exemption if I break it before 5 years. Also please suggest some ways to save tax.
Thanks in advance

Sir-s

I purchased a flat in 2000. sold it in 2016 . With the LTGC I bought another flat.

Now I want to sell this in (2001), I do not want to buy any flat. How will the proceeds will be accounted?
Thanking you sir.

vijayakumar

The criteria for the limit of ceiling for TCS of rs 50 lakh on sale consideration received,
we have to check for fy 21-22 also
or TCS should continue to collect from 1st day of April for the parties whose tcs was collected in fy 20-21.


Plz guide.

We use to deduct TDS on payment made to a transporter which is a company. Transporter co. has various branches in india, one of our employee paid bilty amount without deducting TDS on it. Now the query is that the bilty is on the name of company and full amount without deduction of TDS has been paid by the employee related to november 20 month. Now he is claiming reimbursement of expenses he made.
please suggest TDS liability to us as we are also a limited company.

Sir
I want to know whether I can file revised return after 31.3.21 for AY 20-21. There is change in other sources income... My client received a enquiry under Ecompaign . He tried to file on 31.3.21 but site crashed.
Pl guide
Regards

SIR/MAM -

We are the Partnership firm, having the turn over below Rs.1 Cr., and had commenced our business in 2020-21.

We are hiring our 7 trucks to GTA Pvt Ltd Company.
Can we file ITR u/s 44 AD ?

If yes? Can show the profit as 6 % on receipts and payments?

Plz guide us
Thanks in adv

You have replied on 19 July 2016 that Facility to file time barred returns online are enabled by incometaxindiaefiling website on 15/07/2016, do file if you have such returns any...

Can u kindly tell me the procedure for the same