Is tcs required to be collected in case of advance received in october of Rs.58L and sale is made in March of Rs.85L?
If Yes, on which amount tcs is required to be collected?

An Indian employee working in India of an IT company headquartered in California USA .

In March 2021 he availed the ESOP facility and bought unlisted common stock of the company and paid in USD for the shares .

Now , the shares are being sold to a US citizen / Company based out of US though secondary market wherein the secondary market will charge commission and legal fee.

Another form was submitted to the buyer , being a tax form of US state , asking not to deduct tax before making the payment ; I.e full remittance to be made to the seller - Indian employee

1 . What would be the tax treatment in India ?

2. Is there any liability / obligation for tax to be paid in USA on the profit made in the transaction ?

There are LTCG ( both of gain and loss) and STCG (both gain and loss). Therefore, have to fill 4 items either in the form ITR-2 or ITR-3, but there are 2 filled for M/F and Equity Share. Will have to attach extra sheet and how? Kindly reply. Regards.

In FY -2020-21 i have earned Rs. 5.25 Lakhs as Income from Salary and 1.65 lakhs from Part Time Accounting Work

Can I file ITR-1

Sir,
It assess purchase of new plot on sale value and sale agreement same value rs:34 lacs.but market value rs:39 lacs.
Question:
Assess difference value rs:5 lacs amount show in it returns compulsory difference value show in purchase time or sales time applicable in it act.

For properties purchased before 01/04/2001, how is the fair value determined in the absence of government fair value records or any records on market value during that period?

I have earned Rs. 5,24,000 Salary Income and 1,70,000 Commisions & tution fee received Which ITR form applicable on me.

Can I file ITR -1

Dear Sir/Madam
wef 1-7-21, under income tax act , purchaser has to deduct TDS on purchase of goods or payment made above 50 lac . There are some doubts about transactions, kindly help
1) Purchases is made in April month supplier has made TCS on Bill . Total bill AMT is 65 lac ,payment is made in July 55 lac - rest to be made in Aug . Whether TDS 194Q is applicable - on which AMT ? (TCS already by supplier)

2) Purchases made from Vendor in May June 45 Lac & in July 25 Lac ( He did TCS on 45 Lac) ,Payment made to him in July 40 Lac & rest to made shortly . Whether TDS would be applicable ? AMT ?
Thanks in advance

Today I tried to file my income tax for AY2021-22.

To my horror, I discovered that the I am charged Rs.5,000/- under Fee (Section 234F), apparenltly beacuse today is 1st August 2021 and I have therefore crossed the usual last date 31st July 2021.

This means that the date extension to 31th September 2021 is not yet incorporated in the software.

Kindly advise, what should be done.

Hi,
I joined a new company in NOV 2019 where I got a joining bonus and paid TDS on that bonus in AY 20-21 / F?Y19-20; ITR also filed.

Please advise how can i claim that TDS paid on bonus (which technically I don't have) and claim of refund or ajustment in current year ITR return AY 21-22?

Thanks,
Danish