Difference in book and 26 AS. The Income as per Books is 2500000 and Income show in 26 AS is 2850000 . If I filled my IT return as per Books then my return is defective or not. Please suggest the option available for me

Hello All
Sir I want to know about TDS of contractor threshold limit..
My client is the owner of floor in a building.. he gave to one contractor the total contract of say 60 lac to rebuild his floor.. if he give the ready floor in say around 1.5 years then the TDS to be deposited by the owner can be ignored or not..
Threshold limit for TDS is 50 lac per year or what?
Regards

A charitable religious trust contracts with broadcasting agency for live telecasting of "katha" ? Is tds required to be deducted on payments made by trust to such agency ? since such contract does not amount to works contract ? Or is it required to deduct tax ?

Hi,

As per my understanding When Shares in Demat Account are sold, FIFO ( First in First Out ) method is considered for calculating period of holding & accordingly STCG Tax or LTCG Tax is applicable.

But if an individual has more than one demat account & has shares of same company in each demat account, how period of holding will be calculated ?

1-Will period of holding of Shares calculated demat account wise or

2-Will period of holding Calculated basis date of purchase, irrespective of demat account in which they are held

Please advise

SIR,
A composite scheme registered pharmacy retaile business dealer sale of turnover rs:58 lacs declared in gst returns f.y. 20-21(CMP-08 RETURN AND GSTR4 ANNUAL RETURN FILED).dealer rs:58 lacs turnover sales from cash mode receipts. but dealer online mode (google pay and phone pay etc) sales turnover rs:10 lacs amount not reported in gst returns f.y. 20-21.
Question:
1.Dealer sales turnover rs:58 lacs or (rs:58+10) rs:68 lacs declared in it returns.
2.dealer sales turnover rs:68 lacs declared difference rs:10 lacs amount tax through DRC-03 pay correct.
3.dealer sales turnover rs:58 lacs declared rs:10 lacs bank transactions treatment (adjustment procedure) in books.

Commission received on man power recruitment agent taxable u/s 44AD. Also Claricfy the Turnover for this one is commission alone or it include deposit received from person seeking for employment.

while furnishing 26QB TDS Returns amount to be paid shown in 26QB With amount paid + TDS amount or To show only 99% Paid amount ( without TDS Amount ) Please reply . to Generate 16BB TDS Certificate. AND if only paid amount shown 99% is correct or not then 16BB TDS certificate can be revised .

Sir,

I want to know the capital gain tax effect on sale of land which was acquired by inheritance. As per rule, for determining cost, cost to the previous owner should be taken as cost for indexation. But I don't know the cost as the same was acquired by father from grand father by inheritance and grand father from grand grand father etc.

SIR,
It assessee small business turnover rs: 30 lacs yearly. if assessee gold loan from banks rs:8 lacs own name rs:14 lacs loan wife name received and rs:10 lacs amount cash loan paid to relatives and friends.
Question:
1.Assessee sales turnover is low and Gold loans from banks rs:14+8= 22 lacs show in balance sheet accepted in it act.
2.Interest collected from cash debtors accepted in it act.

A partnership Firm has been filing ITR 4 under presumption income scheme till FY 2020-21. Now in FY 2021-22 it has not done any business and is not likely to do so in the financial year 2021-22, So its income will be NIL. Will it still be required to file its tax Return for AY 2022-23?
As it may get some business in future, it does not want to surrender its PAN card.