What remark do we need to select while filling the TDS return for 194Q ?
1. Write “C” if deduction is on higher rate under section 206AA on account of non-furnishing of PAN
2. Write “S” if no deduction is in view of the provisions of sub-section (5) of section 194Q.*
3. Write “U” if the deduction is on higher rate in view of section 206AB for non-filing of return of income*

it doesnt allow to give remark of 1. Amount Paid/Credited is Under Threshold
When i filled the return using "Amount Paid/Credited is Under Threshold" i got a error.

Error :
T_FV_6210 Invalid Remark Value provided for Section 194Q. Remarks 'C', 'S' and 'U' are applicable for this section

HELLO SIR

I AM PHARMACEUTICALS DISTRIBUTORS AND OUR TURN OVER IS BELOW 10 CRORE. SIR I WANT TO KNOW LAST DATE OF FILING ITR FOR ALL PARTNER AND AUDIT REPORT (BALANCE SHEET) FOR F.Y 2020-2021

sir,

Mr.A EARN FROM REAL EAST INCOME FOR THE ASST-YEAR 2021-22 NET GROSS RS.23.00 laks. Net income rs.7,80,000/- .he is nor proper accounts books. some times is get income from power holder form some of property seller.
my quersies is
This income is business income or proportional income ?
HE DECLARE INCOME IS 8% ARE 50%
APPLICABLE FORM NO. 3 ARE FORM 4
THE IS NOT COMMISSION

THANK

Dear Experts,
Please let me know the TAN's (Tax Deduction Number) of the following companies:

(1) ITC, West Bengal, (2) Reliance Industries Ltd, Mumbai, (3) Marico Ltd, Mumbai, (4) HDFC Life Insurance Company, Mumbai, (5) TVS Mother Company, Tamil Nadu, (6) IRCTC, New Delhi, (7) Aditya Birla Sun Life AMC Ltd

Thanks and regards.

We Husband wife have joint saving a/c in a bank, wife's name as 1st holder, I'm 2nd holder.

Both our Form26-AS show same entry in Part-E SFT Details - Type of Txn (4) - SFT-005 Time Deposit, Amount 984829 Remark 'O'.

How to report it in our IT Return?

a party make an rent agreement in august 2019 for a building (semi -finished) and given advance to complete work, and agreed to adjust 50% of advance every month rent and pay 50% only. But to due to COVID not able to pay any penny. Now advance will be adjust in the form of rent till February 2021
Now query raises, what will be tax liability of my client for AY 2021-22 if advance not shown in ITR of AY 2020-21? The party has not start production in said premises nor paid.
Please show appropriate way to file ITR and deposit liability.
Regards
Vikas

My Customer doing TV repair/Service work. It is coming under Sec 44AD or 44ADA.
Which sec can I file it.

Sir,

I want to know the tax implication on a Company or LLP which was given a Car free of cost to a customer in connection with a sales promotion campaign.

Dear Friends

I would like to share the below given issue with you.
One of our suppliers wants to collect TCS @ 0.1% u/s 206C as per TCS rule effective from 01-10-2020 but the same time we will deduct TDS @ 0.1% u/s 194-Q effective from 01-07-2021. There is no logic of TCS Collection from the supplier as section 194-Q has eliminated in such case the section 206C.

I would appreciate your comments on this issue.


With best wishes

Yours TARIQUE RIZVI

982 1630 130

I. Is there a provision by which a registered Public Charitable Trust in India can provide a Loan to a Third Party (i.e. an Individual/Partnership Firm/Proprietorship Firm/ Private Limited Company etc.) from its own resources?
II. If yes, then can it earn interest on the same? Further, will the interest earned on the said Loan be considered towards “Application of Income” and will the Trust be able to avail any Exemptions on the same through any available provision.
III. Moreover, if the same is given effect to, what shall be the regulation/policy intricacies one has to be aware of? Kindly provide complete details on the matter.