what will be the consequences for not deposit of TDS on or before filing of ITR of company.

under which section rate of interest to be levied on delay deposit of TDS.

A partnership firm, which is a government contractor has sub-let work to one of its partners. The firm has also paid interest on this contract account dues. Is TDS applicable for the sub-let work and Interest payments made to the partner.

If one has missed out entering of some TDS in TDS Schedule in Return of 2021-22, but has duly included the corresponding income in relevant schedule, can he claim the same in Return for 2022-23?

Dear Sir\Madam,

My query is we have received fund on retrenchment like Gratuity, Leave encashment, Notice Pay & retrenchment charges.

So, we would like to know there is TDS applicable on above heads if salary amount is taxable.

Thanks & Regards,
Jitendra More

what will be the consequences for short provision made for Taxation of income tax .
or
also what will be the consequences for excess provision made for Taxation of income tax.

TDS deducted on short and excess provision , will be any consequences for short deduction of TDS.

Hello:

A Partnership Firm is constituted - Sole Objective – Investments & Trading in Stock Exchange Listed Equity and Debt Instruments. Trading using Derivatives (Futures & Options)

Every Partner Contributes Rs 5 Lakh.

Income of the Firm will be from LTCG, STCG, Dividend, Interest on Government Securities and Profit from Futures / Options Trading.

1. Can Simple Interest at rate of 12% be Paid to Partner's Capital from the above sources of Profit every year and claimed as deduction in Firm's account ?

Thanks.

GOODS TRANSPORT AGENCY HAVE LESS THAN 10 VEHICLE BUT THEY ALSO HIRE VEHICLE FORM MARKET. THEY GIVE DECLARATION FOR NON DEDUCTION OF TDS AS THEY HAVE LESS THAN 10 VEHICLE.
IN THAT CASE TDS IS DEDUCTABLE OR NOT?

sir,

I need clarification regarding the depreciation rate applicable for safe deposit locker under the provisions of income tax act, 1961. Also Classification under which block of asset?