Sunil Kumar Mishra
05 February 2021 at 12:22

TDS RATE AND U/S ON PARTICIPATION FEES

Dear Expert
I have received a bill from Company for the following charges.
Participation Fees for
Training Conference - Rs. 100000/-

Add : Goods & Service Tax @18.% - Rs. 18000/-

Total - Rs. 118000/-

I want to know that under what section Tds has to be deducted on this bill.


Regards,


M. V. Sagar

I am thinking of taking a copy-editing service from a UK foreign national. He is not an NRI. For this, I need to pay about eighty thousand INR through an intermediary freelancing websites. Though I am a freelancer myself in my own profession, the service I plan to take is not related to my profession at all. Could somebody answer if I need to to pay any tax on the payment I am going to make? Note the amount to be paid is not my income, rather it is my expenditure for a private work/use that is not my business. The service itself is business to the foreign national. He does not have any office in India and he himself is a professional freelancer.


Kollipara Sundaraiah
24 January 2021 at 15:34

Construction expenses for depreciation

Sir,
Assess sec 44ab audit filed person new construction expenses of residential house details mentioned below
1.some construction expenses Rs:6 lacs payment through on cash mode(10,000/- limit per day)
2.some construction expenses Rs:14 lacs payment through on bank mode
Question:
1Assess construction expenses total
rs:14 lacs(bank mode only) or Rs:20 lacs value show in books .
2.construction expenses how to depreciation claimed producer in I.t. act.
3.cash mode construction expenses treatment entries passed in books.


Kollipara Sundaraiah

Sir,
1.Any gst registration and I.t. return not filed business person cash amount deposits limit in sb and current bank account one finicial year under gst and I.t. act.
2.if a person gst registration and I.t. return filed assess cash deposit limit in bank sb and current account one finicial year under gst and I.t. act.


Kollipara Sundaraiah
19 January 2021 at 16:27

Money transfer service

A person some amount cash deposit rs:10 lacs cash deposit in bank account.if a person this amount used customers online mode payment through on Google pay and phone pay mode paid. transfer amount after service charges received from customers.
Question:
A person services charges income gst registration and I .t.return filed compulsory.


Lokesh Sharma

Hi there,

I receive a percentage of the total sales value as commission in addition to my monthly salary. I want to understand if this commision is taxable? and if yes, what are the tax slabs, if any?


Kollipara Sundaraiah
07 January 2021 at 22:34

Taxation of AOP in hospital

Assess maintained a private hospital recently new pan card number received AOP registered in I.t. act.
Question:
Assess taxation of AOP for hospital and accounting records maintained producer


Subhasish
20 December 2020 at 12:35

80D for Parents' Mediclaim

Respected Sir/ Madam,
My father is a senior citizen, retired nationalised bank employee. His yearly Mediclaim amount is automatically deducted from his pension account for group health insurance scheme for retired employees. The premium is completely born by retiree with no employer contribution from deducting from account.
Thus, the insurance policy in my father's name. Can I claim deduction under section 80D, as per paying premium for senior citizen parent Mediclaim? I contribute towards my father's / family expenses, thus, indirectly I am paying premium, though the policy / account statement is in my father's name due to reasons as mentioned above.
Kindly help.
Thanks in advance


suresh
19 December 2020 at 20:50

Income tax

I am a director in a PVT company during FY 2019-20 from Sept to March 2020
I was getting salary from my previous employment till August 2019.
My query is that for filing IT Returns for AY 2020-21 what ITR should I choose

During last year as a director of that company i have not received any fees( Last FY Loss )

Thanks and Regards
Suresh R


Sanjay Mane
04 November 2020 at 16:49

PROFESSION TAX IN MAHARASHTRA

HI, I AM WORKING AS LIC AGENT IN MAHARASHTRA,
EVERY YEAR LIC DEDUCTED RS.2500/-AS A PROFESSIONAL TAX FROM THE EARNED COMMISSION. (FOR THIS I AM NOT GETTING ANY PAID RECEIPT.)
HOW CAN I CLAIM THE SAME IN MY INCOME TAX RETURN?
PL. REPLY.






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