Reeba Raju
This Query has 5 replies

This Query has 5 replies

Why was form 27EQ (TCS return) not extended, when all other returns of Income Tax was extended due to Current pandemic.


SAMIR CHOWDHURY
This Query has 2 replies

This Query has 2 replies

05 July 2021 at 16:20

SFT-005 Time deposit

SIR,
In my 26AS tax credit I have come across an entry as follows:
SFT-005 Time deposit....Name of filer......Rs. 438542.00
I am a retired person, and have some fixed deposits and earn interests for managing my living. This is the first time I have received. Shall be very grateful if anybody please explain the implication on taxation.
Regards,
Samir Chowdhury


Avinash Jeevan Dsouza
This Query has 3 replies

This Query has 3 replies

05 July 2021 at 15:03

Lease rent on Internet charges

We are in receipt of (Service receiver) of internet from Jio and BSNL company. We receive invoice quarterly. How much TDS we need to deuct on these bill? and under which section ?


Kollipara Sundaraiah
This Query has 1 replies

This Query has 1 replies

05 July 2021 at 14:57

Sec 44ada it return filed eligible

sir,
A persons source of professional income detailes mentioned below
1. own practice professional income rs:10 lacs
2. sec 194j fees for professional income rs:5 lacs.
Query:
Assess sec 44 ada scheme it return filed eligible in it act.


sunil c
This Query has 1 replies

This Query has 1 replies

05 July 2021 at 14:21

Taxation of Short Term Equity Shares

Will the gains or loss arising from short term equity shares shall be taxed under the head Capital gain or business income if one is involved in trading in derivative segment and the transaction in short term equity is frequent ??


Bapun Dasgupta
This Query has 1 replies

This Query has 1 replies

05 July 2021 at 13:58

T.D.S. 206AB & 194Q

Our customer has sent an invoice of Rs. 1,04,534/- which contains a TCS element of Rs. 104/- (0.1%).

The customer is not willing to send either ITRs / Declarations for compliances u/s. 206AB.

Under the circumstances, what shall we do ?

Since there is a TCS element, is compliance u/s. 194Q necessary ? They are not willing to give any other document or declaration.

Please advice what should we do as early as possible.

Thanking you and with best regards.


Vipul Acharya
This Query has 3 replies

This Query has 3 replies

05 July 2021 at 13:05

TDS Deduction on Work Contract

Paid advance Rs. 100000 /- against work contract, as per performa invoice 100000 for supply of goods and 15000/- for installation charges (Material value clearly mentioned on bill item wise)

Is TDS to be deducted against payment of advance


Sarathy
This Query has 2 replies

This Query has 2 replies

05 July 2021 at 12:38

TDS Excess Payment - 192B

Dear Sir/Madam,
In Last Quarter Jan'21 to Mar'21 I paid excess amount of TDS for the section 192B. If there is any possible to adjust balance Challan amount of TDS in current quarter (Apr'21 to Jun'21). If there is no possible what will i do or If that balance amount filed in last quarter to the same person and advise him apply to Refund.
Kindly give me suggestion.
Thank you


Sukhveer Singh
This Query has 2 replies

This Query has 2 replies

05 July 2021 at 12:02

New Portal Income Tax

80TTB DEDUCTION ICON IS DISABLE IN ITR 1 ON THE INCOME TAX PORTAL. I AM UNABLE TO CLAIM THE DEDUCTION. KINDLY HELP. NO REPLY FROM DEPT.


Avinash Jeevan Dsouza
This Query has 3 replies

This Query has 3 replies

05 July 2021 at 11:26

TDS on annual maintenance charges

Under which section we need to deduct the TDS for annual maintenance charges of the machinery ?
Is it 194C or 194J






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