Dear Experts,
1 The company is availing the service for tally software maintenance service from the service provider.
2 The query :
Whether this service can be classified as either professional services or technical services.
Whether the company needs to account the TDS either 2% or 10%
How can we differentiate the technical service from the professional service in this case
3 pls clarify

Sir,
Assessess tax audit business income and other income provision of income tax created in books Fully or business income average as per slab rates

Last year have outstanding Loan of Rs.15,00,000/- In one time settlement my 4,00,000/- loan was waived off I have taken 11,00,000/- loan from another bank and cleared the Loan. How to show 4,00,000/- loan waived off should be treated as profit or added to my capital account. Please clarify. Thanks in advance

WHILE FILING FORM 10BB AN ERROR IS COMMING INVALID FORMAT OF ARN

ABC ltd provided services for Rs.1 cr and raised invoice in march 23 for the same. However other party deducted tax in april and it is reflected in FY 23-24 26AS.

How to claim this TDS while filing ITR of FY 22-23 ??

Hello! Experts,

In my HUF, my Wife & Son are coparceners.
Can my wife gift shares to HUF. If yes What will be the tax implications. And if the gifted shares are sold by HUF, will the capital gains on it be clubbed in wife’s income.

Thanks in advance

I dont have any health insurance but have paid for an Oversaes Travel Health Insurance policy ? Will I be eligible for claiming deduction as per the limits u/s 80D ?

Mr A has following cash basis of accounting.

Case 1
Bill raised for service given 50000 and payer deducted the tds 5000 paid the balance 45000.

Case 2
Bill raised for service given 50000 and payer deducted the tds 5000 and paid nothing to him

Case 3
Bill raised for service given 50000 and payer deducted the tds 5000 and paid 25000 to him



In these cases how much TDS receivable can be accounted in A books?

if bus body purchase from manufacturer tds applicable or not please explain

Can belated payments of emloyee's share of contribution towards PF and ESI disallowed u/s 36(1)(va) for the previous financial year 2021-22 be allowed as deduction in FY 2022-23or will it have no relevance in the tax computation for the FY 2022-23? Kindly clarify

Thanks in Advance