while booking income for
Rent and Interest TDS receivable should be booked at the same time in my books or at the time of receipt which can be better,
example
Rent /Interest income Rs. 5,00,000
Rent/Interest Receivable Dr 4,50,000
TDS Receivable DR 50,000
To Rent /Interest Income 5,00,000
OR Pass
Rent /Interest Receivable Dr. 5,00,000
To Rent / Interest Income 5,00,000
after receiving amount
Bank Account Dr. 4,50,000
TDS Receivable Dr , 50,000
TO Rent /Interest Receivable.

I am assessee having income above 50 lakh. And I have investment in various private limited companies. Now I planning to incorporate an entity for manage my income and investment. I want to know that, is it better to incorporate a trust or a holding company to manage my asset and income.

Do we need to deduct the TDS on online subscriptions? E learning & Subscription service.

Sirs

Ours is a private limited company and we have taken a premises on rent.
Owner of the property is an NRI. Monthly rent is Rs.105000/-.

Kindly clarify the applicable TDS rate and under which section. What returns/challans we have file for this.

Thanks.

TDS deducted for logistics company comes under which (Section) nature of payment?
What is the difference between section 94c and 194c under TDS?

sir
can commission income earned under 194h and 194d be claimed as business receipts showing as professional income thereby claiming 50% expenses.

KIND ATTN. SIR
WITH REGARD TO NOTICE RECEIVED U/S 148, THE ASSESEE HAS MADE BANK TRANSACTIONS TO THE TUNE OF RS.1,78,00,000/- BUT NOT FILED THE INCOME TAX RETURN FOR THE AY 2018-19.KINDLY GUIDE US TO FILE THE INCOME TAX RETURN AND 44AB AUDIT REPORT APPLICABILITY AND PAYMENT OF PENALTY FOR NON FILING OF AUDIT REPORT AND FILING OF RESPONSE THROUGH ONLINE
THANK YOU SIR
WITH REGARDS
CA.P.SHANGAR

Dear experts,

Whether an updated return can be filed for FY 2020-21 where the original return was not filed for the said FY.

I have two scenarios:

Scenario 1. My total income is up to Rs. 2.5 Lacs
a. Can I file the updated return now?
b. Whether any tax or interest or additional tax or interest have to be paid if the total income is upto Rs. 2,50,000.

Scenario 2. My total income is below the 5 Lacs and will not be taxable after rebate u/s 87A.
a. Can I file the updated return now?
b. Whether any tax or interest or additional tax or interest has to be paid if the total income is up to Rs. 2,50,000.

Dear Sir,

One of my client is transferring property to his cousin by way of Gift. There is no money transfer in this case nor any sale has been made.

I want to know will there be any long term capital gain impact in such case to either of the parties and whether any tax needs to be paid in this transaction.

Please help me in this matter.

Regards,
Divyesh Jain

if get notice us 148 ... in notice mentioned .. sft 285BA transaction & amount is given but not given type of transaction. Assessee dont know that transaction now from where to find that transaction ???