Company give Rs.1,40,000, after deducted Rs.60,000 as TDS, to employee on condition that not to leave company in next 2 years.

What will the tax treatment of Rs.60,000 when employee leave job & give back to Rs.2,00,000 to company?

SIR,
IN CASE OF OUR CLIENT, HE IS TRADING IN DERIVATIVES . SALES -1900000 PURCHASE - 1800000 PROFIT MADE-100000 . TOTAL OF FAVOURABLE ANF UNFAVOURABLE DIFFERENCE IS 130000. HOWSHOW DETAILS IN ITR? AS PER ICAI GUIDANCE TURNOVER IS THE TOTAL OF FAVOURABLE AND UNFAVOURABLE DIFFERENCE . BUT THIS CALCULATION IS APPLICABLE ONLY IN CASE OF DETERMINING TURNOVER FOR THE PURPOSE OF APPLICABLITY OF TAX AUDIT LIMIT. HOW FILL ITR? SALE - 1900000 TO BE SHOWN IN SALES AND PURCHASE -1800000 AGIANST PURCHASE COLUMN IN ITR. OR 130000 TO BE SHOWN AS SALES AND PURCHASE COLUMN NIL. PLEASE CLARIFY?

Hi,
I am practicing IT consultant , but during CORONA LOCKDOWN (FY 2020-21) my revenue was zero, but I was Working from home for consulting bids as well parallelly working on some investment, which will generate revenue in subsequent years, Hence incurring expenses , which i would like to carry forward in subsequent years

How do i show those expenses on ITR under profession with "No Book of accounts"

BTW, Little speculative income have generated from intraday and short term share trading, but believe that will go under speculative and STCG respectively???

Please help

Kindly help

Dear Expert,

We want to know about Withholding Tax Refund from Indian Income Tax Department.

For example:
Our Income Tax Liability is Rs.50/- in a Financial Year, Our Withholding Tax is deducted Rs.70/- (from DTAA country). Can we get Rs.20/- from Income Tax Department?

And what will happen to this Rs.20/- ???

A person who is dealing business contract and his turnover 500000 from from contract and he is registered in GST for contract work and pay GST.
he is also doing Tailoring business and his turnover from tailoring is 10 lac.
his tailoring business is not registered in GST. he declared his both turnover in income tax return. Whether he get any notice From GST department for not declaring in his Tailoring Business turnover ?

What % tds on SAC Code 998314 2% /10 % ?

Hi, An assessee files a rectification request u/s 154 for intimation u/s 143(1), which is rejected by CPC. Then he again files a rectification request u/s 154 wrt to same intimation, which is again rejected by CPC. After that, he decides to go into appeal against 2nd rectification order. Can CIT(A) can deny his case stating that he has filed his appeal after time limit of 30 days from rejection of first rectification order?
Thanks in advance.

In Details of movable asset,
"iv Financial assets, a. Bank(including all deposits)" should the details of PPF account be also included?

Dear Sir/Madam,

We had facing one issue regarding above mentioned subject, by error shown in addition of name of KMP. Portal says contact details already there, where in fact this person is not at all registered as contact person in this company. Hence please advise that whether is this technical issue? or i'm at wrong direction?

Dear Expert

Advice Required For Tds Aspects For Purchase Of Sms In Bulk For Sending From Online application .