Dear Experts
Greetings...!
We have certain doubts in TDS deduction & filing , we seek your clarifications-
1. Whether TDS to be deducted on gross (excluding GST) or on final invoice value (which is final payable amount to us)?
2. In TDS return, gross less TDS or final invoice less TDS value to be entered "Amount paid/credited to deductee" column?
3. If we deduct from Gross, then in TDS certificate(form 16A) showing gross less TDs amount as paid amount instead of total paid amount. Which is correct?
4. Can we able to deduct some months in gross and after that on total final invoice(including GST) after receiving a verdict from our advertisement supplier that GST & TDS were included in their service( they show GST split in Tax Invoice)?

Hi Experts,
I filled an TDS return for 2nd Qtr 2023-24. In that Form 26Q, there is an deductee whose PAN is Inoperative and due to that I have been served with a Demand @ 20%.

Please guide what to do in this case ? Should, I have to deposit this demand or any other way to rectify the same ?

Wish to get your valuable support.

whether remittance made by NRI , maximum permitted under LRS out of His /Her NRO account maintain with their banker.

whether new TCS provision will attract NRE if funds are remitted out of NRO Account ?
As such Banker Deduct maximum marginal TAX @30% + education cess ?

Mahendra Doshi C.A

IN WHICH HEAD (MINOR AND MAJOR)THE APPEAL FEES TO INCOME TAX TRIBUNAL IS TO BE PAID ?

hi,

can anybody pls clarify on the below point

we have paid tds and filed 26q of the same (Q2)...after the filing i got default notice of in-operative PAN (which was due to PAN Adhaar not linked)...just wanted to check if the person has done PAN Adhaar link now i.e. in nov'23 were i suppose to deduct 20% for the earlier period (and now onwards the applicable rate) or i can rectify the return and do the corrections for the earlier period (Q2)(will that be acceptable)?

Sir,

Previous FY 2020-21, 2021-22, Turnover Rs.2500000/- NP 4750000/- Proper books of account maintained. But File ITR-4 under presumptive income. FY 2022-23 i cant file ITR-4 because income from Agriculture so ITR-3 is eligible in case. so while filling ITR-3 i need to show income Section 44AD presumptive income OR show income under NO account case. (2) in FY 2022-23 proper books of accounts mainted. We need to mention yes OR NO (are you eligible to Maintained books of accounts as under Section 44AA )

Sir,
please educate to me. May be I am wrong. Turnover Rs.1.95Cr. NP 9 Lacs. audit done under section 44AB from CA. but while filling ITR3 Service provider mention. Are you liable to Maintain books of accounts section. 44AA ( he mention NO) He filed ITR3 and still under processing. when I ask to him we already Maintained books of accounts so we mention YES he told me I know what I did it's not your business. Please suggest

Value of property is Rs.90,00,000/-. and property is owned by 4 owners , one of them is minor .

so minor's tds is to be paid in the name of minor's pan card or guardian pan card

Pls reslove

Can You Clarify A Non Resident wish to transfer fund Under LRS $250000 from NRO account.
Non Resident is already paying Maximum marginal tax @30% On Indian income
Remittance needed for her family maintains.
Whether TCS On Remittance under Sec 206 C-1G will attract or not
Kindly Clarify the same .
Mahendra Doshi C.A
9920385264

Respected Experts,
I want to start to do cryptocurrency and I donot know how to pay tax on these because in case of crypto we can get per day profit on saling and purchasing Crypto so how we pay tax daily or monthly,Annualy Tax

pls clerify my Doubts.