Sir/Madam
Please provide guidance. A payment was made to party A in May 2020 on which TDS was not deducted. This mistake is identified and TDS pertaining to May has been deducted from Payment made to party A in November 2020. It's TDS is deposited in Dec 2020. TDS return of Q1,2 and 3 has been already submitted. But party A's details not been shown in any return. Now do I have to correct Quarter 1 TDS return to show the May 2020 payment and TDS thereon along with correct Q3 return to show November payment and TDS thereon. Or do I have to correct only Quarter 3 return showing date of 2 payment as May 2020 and Nov 20, date of deduction of both as Nov 20 and date of deposit of both as Dec 20. Please clarify this Thanks in advance.

I will receive variable pay in April 2021 for the services of March 2021. In which financial year Form-16 it will be reported and taxed?

I went to the Abu Dhabi office of my company ( Head office at Delhi ) in July 2019. I returned temporarily in Jan. 2021 and joined Delhi office. I spent 83 days in India in the FY 2020-21. Now, again I will be going back to Abudhabi office ( under same visa ) in June 2021 for a short period.

Will my trip to India in Jan.2021 be considered as a visit ?
The year of return in this case will be FY 2020-21 or FY 2021-22 ?
If so , my residential status for FY 2020-21 be considered as NRI ?

Lessor forfiting 50% of security deposit on account of early vacating premise taken on long lease.
Do i need to collect and deposit TDS on amount forfited?
If yes, under which section?
if no, what would be the argument in support of not collecting and depositing TDS?

Hi, I have proprietorship business (services). Is there any limit on Refreshments Expense? e.g. Food Items, Water, Food Delivery, etc.

Sir,
One of our client has received compensation for acquisition of his land, well, and his house. The land is agriculture land and is not a capital assets. The TDS has been deducted. Will we be liable for any capital gain. under which section can we claim the exemption.

Dear Sir

I have Investment US 80C rS.150000/-,I am also having Mediclaim policy, even though I have to Invest Rs.45000/- to get Income tax benefit.

Please tell me where i can invest and get deduction in Income tax

How do i apply for seeking 1 week time for submission of Appeal in eproceedings. There is facility to submit Response Type : Partial/Full and there is a detailed response/remark Table.

I need 1 week extension for submission of Appeal Documents earliest help will be highly appreciated.

regards,
CA Rahul Kumar

Sir, for AY 2016-17, i filed original return after due date u/s 139(4) with zero refund and it was processed by IT dept. But on finding some omission of income, i filed revised return in March 2018 claiming refund of 33000. But, IT dept is saying revised return is invalid since original return filed after due date.
I know that from AY 2017-18, belated returns can also be revised u/s 67 of finance act 2016.
But, in my case, what is the way forward?

Should i apply to Commissioner of IT for condonation of delay u/s 119(2)(b)?

Mr X   had purchased a flat for  23 lakhs but the Sale Deed value is only 9 Lakhs. Agreement to Sale shows the Value as 23 lakhs and the money paid through LIC Loan ( Having all the Proof of payment)  in the year 2011.

Now he wants sell the property for 37 lakhs. For Index the cost of the Flat whether 23 lakhs ( Actual cost ) or the Registered Value of Rs. 9 lakhs ( Sale deed value ) to be considered.

Please clarify .

VEERABUDRAN