Respected Sirs,

How to refer to WORKLIST in new income tax portal ?

Please guide me and oblige.

Hi All

What is the meaning of 'Whether aggregate of TDS and TCS for the year exceeds ₹50,000” as per sec 206AB and 206CCA?

Thanks in advance

Query :-
Assessee Company Turnover - Above 10 Crore
Customer Turnover - Above 10 Crore
W.e.f 1st July 194Q will be applicable and my customer will deduct tds on invoice raised post 1st July and remit balance funds.
But what about invoices raised prior to 1st July eg :- invoice raised in April for Rs. 75 Lakhs (TCS was not charged in invoice).Now he pays Rs. 75 Lakhs on 2nd July. So will the customer be liable for tds or will assessee have to collect TCS?

PLEASE SHARE ME FORMAT OF AOP DEED AT EMAIL maulik2709@gmail.com

TDS SECTION 194Q W.E.F. 01.07.2021. IN THIS REGARD
MY QUERIES IS-
BUYERS BUYING TRANSACTION THRESHOLD LIMIT IS 50 LAKHS
WHETHER TDS U/S 194Q IS DEDUCTIBLE FROM RS. 1 OR AFTER
DEDUCTING 50 LAKHS RS.
FOR EXAM.
PURCHASE 100LACKS
LESS- 50LAKHS
ELIGIBLE AMT.FOR TDS -50 LAKHS
OR ENTIRELY WHOLE 100 LAKHS ( ELIGIBLE FOR TDS)

PLEASE GUIDE US

Sir,
It assess ledger balance as on 31-03-2021(20-21) in accounting books parties details mentioned below
Cash loan from creditor balance rs:5 lacs
Cash loan to debtor balance rs:6 lacs.
Assess creditor balance amount rs:5 lacs transferred to debtor balance account Contra entry passed in books in f.y.21-22.
Question:
Above transactions allowed in it act and sec 269ss and sec 269t provisions applicable.

dear all my query is that how to download filed tds return for Q3 of the F.Y 2020-21 from new income tax portal.

A private trust with two minor beneficiaries with equal share in benefits was created by great-grandmother and made parents of minors as trustees and gave a corpus of Rs.51,000 on 15.04.2020 and later on 21.04.2020 she made a gift of Rs.50 lacs to the trust. The trust invested funds in bank deposits and also loans to parties and interest income was Rs.3,25,000. Please advise on taxation of the trust, filing of return of income etc.

i m doing online pan correction at traces for around 700 line items. It is not accepting it. If i do 100 transactions in one correction then it is accepting. Is there any cap/lock on maximum correction at a time?

dear sir
we start a partnership firm in april 2020 for starting a menufacturing unit, we purchase land and start bulding cunstruction start in 2020-21 but no singal machinery installed and business not started up to 31-03-2021, some expences was incured like building, bank loan processing fee, and small amount of interest charged by bank on loan disbursed for building making.
please guid on following issue-
1. filing of itr
2. charging of deprication
3. treatment of expenditure in income tax
thanks