Hello everyone,

a company received notice u/s. 276B for delay in payment of TDS during covid.

Reason for delay was work from home.

Department has asked for evidence that employees were working from home .

we have mail from HR team on two occassion but 3rd and 4th work from home was declared verbally.

can we prepare and submit board resolution for each instance of work from home ?
will that be accepted by the department ??

Sir, We have formed a society for the purpose where we all the members together collect funds and go for the holidays, Take dinner, participate in other social activities too. We have around 150 members. Also planning to invest in Asset like property. So basically my question is what will be the position for income tax and which formation is required i.e AOP/BOI/Trust?

After the death of the NRI assessee, ITR has been filed through legal heir(also NRI) for A.Y. 2022-23 with refund due. The refund reissue request has failed several times with reason 155. The NRO bank account selected for refund belongs to the legal heir and it is prevalidated. Please suggest on resolving the issue.

I filed an ITR of a deceased person through a legal heir. A new account was opened in the name of legal heir for the purpose of getting refund. The refund has been failing again and again. I will be really thankful if anybody can help in this regard.

In AY 22-23 Co. has sold Fixed assets for Rs.22 lacs ( original cost - 92 lacs). As per income tax ( WDV concept) Rs.22 lacs should have been deducted from WDV ( sale price). However by mistake 92 lacs was deducted which resulted in lower depreciation. We have paid higher tax due to above mistake.

can we file rectification u/s. 154 or revision application and claim refund ?

Hi Sir,

I purchased some assets and other items from an E-commerce operator on behalf of my company. Due to some fund release issue, I paid out of my pocket to purchase these items. Now Company is going to pay the amount to me as reimbursement .Whether the company requires to deduct TDS on this ?

a company received SCN u/s. 276B for prosecution for delay in deposit of TDS. We have replied to SCN giving reasons for delay and expecting proceedings to drop.

company is thinking of compounding application incase 276B proceeding is not dropped.

I have following queries
1. when to file compounding application - now or later after after our request is rejected ??
2. Also does issue of SCN mean initiation of proceedings u/s. 276B ? if yes then compunding charges would be 2% pm else 3% pm if yes then will apply for compounding now

I have purchased a property of worth 90 Lkhs from DRT Auction.As per TDS On Sale Of Property above 50 Lakhs i have to deduct 1 % tax and deposit to IT department on behalf of Seller.Banker(DRT also) is not allowing to deduct 1 % tax from auction price.

is there any exemptions for 1% income tax deduction under TDS On Sale Of Property by DRT Court.

Thanking you in advance.

If I have taken property on rent @ of Rs. 25000 per month and their is joint ownership of Husband and wife. Is TDS applicable under section 94I. If i am giving two cheque 1 in Husband name and another on wife name 12500/- each

Hello, is it possible to postpone the property sale TDS payment post property registration?