Can I buy flat from Not Ordinary Resident in India or Person of Indian origin from Dubai .Cost of flat 55 lakhs,how much TDS to be deducted and other documents required.

DEAR SIR I AM A PROFESSIONAL HAVING GROSS FEES COLLECTON OF Rs 16 lakhs. IN THE PAST YEARS I USED TO FILE RETURNS U/S 44ADA OFFERING 50% OF FEES AS INCOME. BUT NOW I WANT TO KEEP ACCOUNTS AND SHOW LOWER INCOME. MY ACCOUNTS SHOW THAT MY NET INCOME FROM PROFESSION IS BELOW 50% OF GROSS FEES. CAN I OPT OUT OF 44ADA AND FILE RETURN WITH BALANCE SHEET /P&L ACCOUNTS - UNAUDITED - THANK YOU

Is this view correct ?
Interest on income tax - NOT allowable exp.
Interest on GST - allowable exp.(since it is compensatory in nature) while in case of income tax it is part of income tax which is itself not an allowable exp.

GST Penalty - not allowable
GST fees - allowable
TDS late fees - allowable

Sir,
A gst registered regular scheme dealer services provided dth recharge service (tv chanels) e-load to retailers and customers turnover rs:85 lacs in f.y.20-21.
Question:
1.dealer it returns filed compulsory
2.if compulsory above transactions business or service income treatment in it act

MY FIRM IS AUDITED FROM 2018-19. I HAVE PURCHASED A CAR WITH LOAN OF RS. 30 LAC FROM MERCEDES BENZ FINANCIAL. CAN WE BE LIABLE TO DEDUCT TDS ON THE INTEREST PAID AMOUNT ?

Sir/Madam

Please clarify on urgent basis-

> TDS u/s 194q applicable to purchase of Computer?
> TDS u/s 194q applicable to purchase of Computer Software?
> TDS u/s 194q applicable on Services paid to Computer Software??

Good Morning. Last year in the month of August I sold my house in Nagpur for Rs.5900000.00 ( Rupees Fifty nine lacs only ). I paid 1% tax of Rs 59 lacs i.e Rs. 59000.00 vide my client. Received Rs 25000.00 as advance and balance of Rs 5816000.00 ( Fifty eight lac Sixteen thousand only ) in credited to my new Saving bank Capital gain Account A. On 11th October 2021 , I purchased a 2nd hand flat at Bangalore for Rs 58,00,000.00 ( Rupees Fifty eight lacs only ) + other taxes by transferring the amount from my Capital gain account. Now I am having a balance of Rs 16000.00 in my Capital gain account. I approached my Bank to close my account . But my Bank is demanding FORM G duly signed and stamped by Income tax department which has to be done through online. Can you guide me in this regard and provide me the correct site address. When the transaction of my Capital gain is completed within 3 months do I have to go through all the formalities

Sir,
A gst registered dealer services provided dth recharge service (tv channels) e-load to retailers and e-load to customers rs:85lacs in f.y.20-21.
Question:
1.Dealer f.y.20-21 it returns filed compulsory

2.dealer rs:85 lacs service or trading turnover treatment in it act.

Assessee is having 2 office premises of which one office is given on rent and other for own business
Rented office till Sept 20 was given on rent and in october sold .

My question is
Whether excess received on sale value minus wdv will be taxable as business profit ?
For calculation of depreciation under income tax whether from block of asset of office premises sale proceeds of office need to be reduced and depreciation on balance will be available ?

We purchased hoods from a party and party collected tcs from us for fy 2020-2021.The party has not deposited tcs amount to government.
How will we write off tcs amount in our books of accounts? Please explain?