A bill received for Rs.
Goods Value Rs. 2,00,00,000
GST 36,00,000
Total Amount 2,36,00,000
whether TDS under section 194 Q will be deducted
2,00,00,000 Less 50,00,000 I.e Rs. 1,50,00,000 @0.1% =15,000

Employer given to employee as gift Rs. 5 Lakh .to employee
How much amount will be taxable in the hands of employee.

i got the following message ...
"You have filed your income-tax return in form ITR-1. As per TDS details in your Form 26AS, taxes have been deducted under sections 194IA/194IC/194M/194S/194C/194B/194BB/194BA, etc. of the Income-tax Act, 1961. These sections are reflected as (4IA/4IC/94M/94S/94C/94B/4BB/4BA) in Form 26AS. These sections imply heads of income for which form no. ITR-1 is not the appropriate form. Thus, the required schedules for reporting incomes pertaining to said TDS sections are not present in your return of income filed in form no. ITR-1. "Income tax filing
which file should I choose?

If any assessee already paid demand raised by department by disallowing 87A rebate will be refunded to assessee by department?

I have a checking account in USA. I need to report this in schedule FA point A1.
Point A1 has a field "Gross interest paid/credited to the account during the period". Do i include my salary in this field or just the interest. I am reporting my salary separately in point G as well.

SELF OCCUPIED PROPERTY IS A CO-OWNERSHIP PROPERTY CONSISTING OF 9 OWNERS . OUT OF THEM TWO PERSONS NOT HAVING PAN. WHILE FILING RETURN OF ONE PERSON ( HAVING TAXABLE INCOME) HIS SHARE IS MENTIONED UNDER SELF OCCUPIED PROPERTY, THE OTHER MEMBERS NAME , AADHAR & THEIR PERCENATAGE SHARE ARE CORRECTELY FEEDED IN ITR2 OF THE ASSESSEE. WHILE UPLOADING THE ITR , IT SHOWS ERROR MESSAGE AS " if the property is coowned, percentage share of property, Name & PAN of the cooner(s) necessary. Is it is possible with aadhar of the two coowners to file itr

If writ petition filed against assessment order then can we go for DTVSV 24? Is there any adverse consequences of that?

Sir,

Our proprietor having two companies A & B paying tds same tan no from different account.

One challan paid from A Company CA , B company can use this TDS challan of A

If we use the challan how to transfer tds amount B company to A company Account

Plz clarify my doubt.

Thanking you,

I am a retired person having income only from FD Interests and capital gains of Equity / mutual funds. My interest income from FD is below Rs 2.5 lakhs. However my STCG from equity is about Rs 10 Lakhs p.a Do I have to consider the STCG income to arrive at the slab rate for the FD Interest income ? Or Can I claim exemption from Tax on the FD Interest income as it is below the basic exemption limit ? Will they both be combined for arriving at the slab rate ?

Dear Sir,

If a company running Milk and Dairy product business Turnover 250 Crores Approx.
Appoint distributors for sales of milk products.
Company raised invoices to distributors for milk supply and collect payment from distributors in cash which is deposited directly by distributor in company bank account on daily basis.
Note:-Cash collection from each distributors is less than Rs. 200000/- Lacs in a single day/transactions.
This procedure is correct or not.
If not then advice correct procedure
Please advice.