Respected Experts,
Please clear this doubt
One of my client failed to deduct TDS u/s 194Q during AY 2023-24 and AY 2022-23
We have filed IT returns for the respective years by paying self assessment tax, during May 2024, they have collected TCS u/s 206CR and deposited in AY 2023-24 and AY 2022-22

Now while filing IT Return for the AY 2024-25 we want to claim that refund, its reflected in 26AS of AY 2023-24 and AY 2022-23, how should we claim in AY 2024-25

For declaring income U/S.44AD, which turnover should we take, taxable turnover only or invoice value (Including Output) ?

Can UDIN be updated after after 30th Sept 2024 for the tax audit report filed before today.

Dear Team,

Can I deduct TDS on chemical analysis and testing charges under which head

Sir,
It assessess client accountant share only tally data and gst tds login details but any physical documents like purchase and sale biils and creditors and debtors confirm
Question:
Tax audit complete possible

In various online articles it is seen that Newspaper and Periodical reimbursement is exempt under Sec 10(14) of Income Tax Act. However there is no mention of the same in Rule 2BB. Is there any rule/section which exempts Newspaper and periodical allowance/reimbursement.

My father sold a land property on his name and purchased a flat on his name with entire sale consideration.
Now, Section 54F says he should not sell it within three years
But can he gift the flat through gift deed in my name or should we wait for three years for gift transaction also?
References of relevant cases will help a lot. Thanks.

I am doing affiliate marketing as an individual for Amazon USA from India for which they pay me in USD. For the purposes of receiving those funds, I plan to open a VIRTUAL US account with Payoneer. I will receive funds in my payoneer account in USD and thereafter they will transfer that money , on request, to my bank account in india in INR. My question is whether I need to declare this bank account anywhere? Like is there any technical requirement I need to fulfill before I open such an account or while I am holding that account? Does this have anything to do witrh FATCA? I do not have a GSTIN as my turnover is much below 20 lacs. And I am just an individual doing this as a side hustle.

How to show the amount deducted as TDS U/s 194C when total bill amount reached 1 lakh or above in TDS return? Suppose someone's total bill amount crossed 1 lakh on the month of December, so we need to deduct TDS on the total amount. Now we have paid to the TDS amount in before 7th January. In Q3 TDS how should we show amounts? Do we need to pay interest on the previous amount that we haven't deducted TDS?

All of my income is in USD. My expenses are very low.
I am filing taxes under presumptive taxation scheme for business.
If i show greater than 8% of my turnover as profit but lesser than actual profit I made, What are my risks ?
Is there risk of getting a scrutiny If I buy assets that are worth more than the income on which i paid taxes ?
Are there any risks If I put all the money in Fixed deposits or savings bank account (because of TDS)
How do I safely build assets, what are the best practices I need to follow ?
I might use services of someone who is expert in this field answers my doubts clearly. I am fast growing individual who is looking to expand and looking for best tax consultant