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Bhai
This Query has 1 replies

This Query has 1 replies

12 March 2024 at 15:14

Salary Tax -TDS for Inoperative PAN

Dear Sirs,

While checking few PAN of our employees, some were inoperative.

How Is it possible for checking all employee PAN.

Since we have calculated salary tds on regular basis, what will happen if we file the returns based on regular working without knowing inoperative status.

Whether returns will be default and we will receive notice for lower deduction of TDS.

Kindly advice.

Thanks.


Sudhir
This Query has 2 replies

This Query has 2 replies

12 March 2024 at 07:51

DEduction under 26QB

I inserted the date of Agreement 6 days earlier than the Actual Date of Agreement by mistake. The amount of Tax deducted is correct. Will it invalidate the challan? Can we change the date of the Agreement after the challan/Statement of TDS is generated?


Rahul Raj
This Query has 4 replies

This Query has 4 replies

11 March 2024 at 23:54

Salary from trust and two companies

As an accountant, I am deducting TDS under section 192 from the salary received by the person from both the trust and the two companies. Please advise if this approach is appropriate.

Additionally, can an individual receive a salary from two different companies simultaneously?

Please help me


Sameer Kumar
This Query has 2 replies

This Query has 2 replies

11 March 2024 at 22:15

About it return filing sec115bac

Can an assessee file original return in old tax regime and subsequently change to new tax in revised return for the f. Y? What to do in case of any demand stand w.r.t that change? Is demand genuine


Amitabha Das
This Query has 2 replies

This Query has 2 replies

Sir if any professional take his/her fees aprx 4Lacs through phonepe or/googlepay etc(i.e online mode) and also Rs 7Lacs by cash and then the cash is deposited in savings account in a financial year,then total deposit is 4L+7L=11Lacs in a financial year.Will it be reported to ITD as SFT as more than 10Lacs in a year?Please clarify sir🙏🙏🙏.Thanks in advance


Subhash
This Query has 2 replies

This Query has 2 replies

Assessee had purchased one immovable property for Rs.60 lacs and no TDS was deducted on the assumption that there were 4 joint sellers of the said property and each share was less than 50 Lacs.

Can the department raise a demand for non deduction of TDS or is there any case laws in our support ?

Thanks in Advance


ntc pioneer
This Query has 4 replies

This Query has 4 replies

11 March 2024 at 12:29

New tax regime applicability

Can a person having income from fd opt ror the new tax regime in this year and then switch back to the old regime in the next financial year


Shakthipro badge
This Query has 1 replies

This Query has 1 replies

11 March 2024 at 12:13

Partner Retirmenet

If the partners capital account balance is Rs 10 lakhs, Can he retire by accepting Rs 5 lakhs as the full and final settlement. Will there be any tax implications for the firm or partner


Viswajith V
This Query has 2 replies

This Query has 2 replies

If a partnership firm records a higher remuneration in its books of accounts but the partners withdraw a lesser amount, is this practice considered dis allowable under income tax?






umesh jadhav
This Query has 1 replies

This Query has 1 replies

11 March 2024 at 09:57

26AS Entry

26AS reconcilation Kiya tab pata chala ki kuch transaction 26AS pr hai but mere pass uska kuch data nahi hai.. to mujhe kya uski JV book karni padegi... Agar ha to kaise book Karu... Example plz






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