I signed a project with an individual (Non-GST entity) who makes payments through his saving account (and asks me to take the payments to my savings account). He doesn't prefer GST and asks for a 1.5% TDS instead. How would this work? The work expense is 40K.

What is the workaround here?Is it okay

2. And I have to draw payments from the company, do I (as a director) need to deduct TDS as per rules?

Even thouh the dates for filing of Returns have been extended upto 31.12.2021, does one has to pay fine of Rs.5000/ for delayed filing i.e. beyond 31.7.2021?

Request response with relevant provisions.

We paid Rs. 26000 in cash against purchase of material, against one invoice

How to save this expenses from disallowance, I have made payment voucher in 3 days

DEAR SIR,

COMPENSATION RECEIVED FROM COMPULSORY ACQUISITIO OF IMMOVEBALE PROPERY TDS U/S 194LA IS
TAXABLE OR NON TAXABLE CAN WE CLAIM TDS DEDUCTED U/S 194LA, IS EXEMPTED FROM INCOME TAX

REGARDS

Sir,
Sec 44ad it returns filed person cash loan to debtor rs:10 lacs amount through on cash mode pay in f.y.19-20 .if assess this Loan pay amount transaction mistake not show in books and it returns.
Question:
Assess above transactions show procedure in books and it returns in f.y.20-21

Hi. I am writing this on behalf of my mother. My mother is a pensioner and she purchased one property in the year 2011 without my knowledge. That property was based upon power of attorney and full cash payment 11.50 lacs approx. Frankly speaking it was some fraudster who cheated her and sold some very bad property in very bad location in Delhi at very high price. Some how i came to know later and we could not sold the property for 10 years. Now recently again i came to know that the property was sold without my knowledge in F.Y 20-21.My mother sold the property in cash @ 8 lacs . and deposited the 6.86 lacs in her savings account . I have already filed the ITR on behalf of my mother this year but did not show the cash deposit. What should I do in this case. Should I file revised ITR and pay the tax by the way its a loss making transaction and I cannot show the property transaction. What source should I mention in the ITR. She has been filling the ITR since 6 to 7 years .Please help

Two siblings have a Joint Savings A/C. The interest earned in the account exceeds 10000. There's no FD but only savings interest (hence no TDS deducted).

The primary holder of the account isn't the owner of the funds, but the secondary holder is.

In such a case, is it possible for the secondary holder to show the savings account interest in ITR or does the primary account holder still have to show it?

We received a payment from a party from other persons bank account. Now we have a Income Tax scrutiny and party is not confirming Accounts . What should we do in these circumstances . What should we reply to Income Tax Authorities. Please advise?

I am doing Equity Intraday Trading/ Short Term Trading and my broker is angel and angel is provided margin trading funding @18 PA+GST.
F.Y. 20-21 i had earned 98k from intraday profit and 102k from short term capital gain and for the F.Y. 20-21 angel broking Interest charges on margin fund is Rs. 47k and charges for Pledge/Unpledge 5K.
My question is how can i adjust these transactions in return please explain.

Sir, with due respect I want to know that after the death of a GOVERNMENT employee INCOME TAX CAN BE DEDUCTED FROM THE MONTHLY FINANCE ASSISTANCE GRANTED TO SPOUSE OF DECEASED