TDS with repect to FY 2019-20 under 194C, deducted but failed to pay to the Govt. Suppose we are paying the same along with interest, can customer will able to claim tds, IT return date is already over for the FY 2019-20. Please note that our 3CD filing is not completed for FY 2019-20. Suppose we are revising TDS return now for FY 2019-20 Q4, which year customer's 26AS will reflect. FY 2019-20 or FY 2022-23. Please reply

One Taxpayer turnover is 30 lacs in a year.
He is an individual Indian resident. He is a propreitor and not liable foe audit also. He has taken one gala or industrial place for his business (works contract). He pay monthly rent to landlord Rs. 40000/- .
So my question should he need to deduct TDS on rent payment.

If yes then suggest under which TDS section???? Please answer my query on urgent basis.

Thanks

A company declares a dividend the amount of which is less than Rs 5,000/- in the hands of a shareholder and so there is no TDS.
Subsequently, in the same FY, the company declares a further dividend, taking the total dividend paid to more than Rs 5,000/-, and so there is TDS on the total of both dividends paid. (This TDS is made from the second dividend amount.) In such cases, Form 26AS shows only the second dividend amount paid against which the TDS figure (on both dividends) is shown.

The I-T Return requires us to show the "Corresponding Receipt/Withdrawals Offered" which means that we have to show the total of both dividends whereas the pre-filled figure would be only the second dividend amount on which tax has been deducted. Hence while filling in the TDS schedule, should one correct the pre-filled figure in the ITR to the total of the two dividends?

Form 26AS needs to be corrected by the I-T Dept. correspondingly as otherwise the total of the dividends received as shown in the pre-filled ITR, would not tally with the record of shareholders, which may lead to avoidable correspondence.

Hey,

I am a CA article trainee and also an Accountancy Subject Matter Expert at Chegg. I solve doubts/questions and get paid after getting TDS deducted u/s 194J. I am confused as to report it under 44AD or 44ADA? Does solving doubts about Accountancy come under the specified profession of 44AA? Please clarify on the same at the earliest as to choosing between 44AD or 44ADA along with an explanation.

Help is appreciated.
Thank you

I mentioned wrong TAN number in TDS schedule in ITR3 for A/Y 2021-22. It was pointed out in Intimation received u/s 143(1) in month of April 2022. I now want to request for rectification. Under rectification, the facility to rectify TDS mismatch is not yet provided. Do not know when it will be available. My refund is held up. Alternative suggested is to use option of rectifying by correcting data in the return filed. This option is available in off line mode. I do not know if it will allow correction of TDS schedule. I have downloaded Json file from the return filed, but I do not know how to open it for correction. Can some one guide me step by step how to proceed?

In FY 2020-21 i opted New regime and filed I.T.Return. Now in F.Y.2021-22 i want to Opt Old Regime. Can i Change Regime from New to Old.

Respected Sir,
The goods were exported as follows:
10-09-2021 US$ 88,909 ( 9 months have passed till date)
09-11-2021 US$ 79,783 ( 7 months have passed till date)
Total US$ 168,692 = Rs 12,315,665

The buyer has flatly refused to pay the aforesaid amount with no reason. I want to claim bad debts for the whole amount in profit & loss account for the year ending March 22. I would like to know whether such a claim is allowable or certain formality of RBI is required.

The assessee has a contract to supply material to ongoing repair works at Kedarnath. The daily Payments to laborers is 500,000 (Approx) in cash ranging from 500 to 800 persons & mules per day.As the people don't have bank accounts the payment is to be made in cash only.

The cash is being withdrawn from bank & tds being deducted thereon.

Can the tds be waived by the Income tax as the cash payment is inevitable due to remote area and other reasons
Also will Income tax leavy any penalty towards cash payments

I done trade in only FNO and Loss 80000/ from Turn over only 80 Lacs in FY 2021-22 with all digital transcation and no any other income so when I fille for AY 2022-23 ITR-3 upload, Message shows Your income less then 8 % and you need to Audit I have no any other income. why this message show.
As per rules for audit is above turn over 1 crore and total income exced above basic exemption limit then audit is require. so please give proper answer.

The assessee sold Ancestral land via plotting in parts & constructed a house after completion of land sale & consumed all the sale price in construction.
Can we treat the said sale as capital gain or should we take it as a Business Income.

The assessee has not been filing any itr for the past 10 years as there was no Income.