A newly incorporated LLP is required to deduct TDS even if it is expected to have Turnover below Tax Audit Limit. Please explain TDS applicability provision in details.

Hello All
I want to know whether senior citizen pension of 2000/monthly received by me is taxable under sr. Citizen pension scheme. If taxable then under which head I should report in Form.
Pl advise.

DEAR SIR,
PLEASE TELL ME, IS RCM IS APPLICABLE ON NOTICE PAY PAYMENT GIVEN BY EMPLOYER TO EMPLOYEE DUE TO TERMINATE THE EMLOYEE WITHOUT ANY NOTICE.

Sir/Madam,
I would like to know whether a person who is resident of india earns salary outside india ie USA then can he claim total exemption of salary in india earned in usa under exemption method in DTAA. Please clarify immediately.

Hi,

In Year 2018-19 we just had input credit of Rs.12000 for purchase of mobile phone for partner in Feb'19 and no other sale and purchase. I had not taken the same into consideration and had filed both GSTR-3B and GSTR-1 as Nil return. However it was reflecting in GSTR-2A in Feb'19.

In April'19 (year 2019-20) I took that ITC in GSTR-3B. My query is now that I have to file Annual GSTR-9 for 2018-19, whether I should include ITC of Rs.12000 in Annual Return GSTR-4 of year 2018-19 or 2019-20 ?

Thanks in Advance
Monika

TDS deposited online for AY 2020-21 but wrongly selected payment AY 2021-22 at the time of deposited at bank site. May I match the TDS payment while filing TDS return for AY 2020-21. IT is not possible to deposit further same amount for AY 2020-21. Will it be considerable or have some issues relating to demand or so. Please advice. Thanks in advance.

My company namely Pancham Jewellers Private Limited was searched u/s 132 of Income Tax Act on 12/04/2017 and concluded on 31.12.2019 with 11 crore penalty inclusive of penalty imposed on family members on their individual assessment.
It is informed that the company did not pay taxes even the penalty imposed on family members during proceeding could not be paid.
The directors and family members are also not willing to pay taxes and company has become NPA.
There is no immovable property in the name of company and on the name of directors. The property in the name of other members is mortgaged with bank and shall be auctioned.
Now question is:- How income tax can make recovery from company, directors and family members, if they have no immovable and movable property and also have no capacity to pay taxes.

Hi all,

I have 2 queries

1) I forgot to disclose PPF accrued interest as exempt income in earlier years. Now the PPF is matured. Does it make sense to disclose the cumulative interest in the current year returns as exempt income?

2) One more thing is - no need to disclose PPF principal amount anywhere in IT returns correct?

Sir / Madam,
Restaurant services is notified services as per section 9(5) ?
ECO deduct TCS @ 1% can we pay GST on supply through E-commerce ?

Please solve my query

sir
Resturant registered under GST supplying food through swiggy portal.

1. Whether restaurant has to pay GST on the sales to Swiggy.
2. TCS deducted by Swiggy can be set off against tax liability
3. Last 2 months supply of food (sales) through swiggy portal happened
how to show in GSTR1 and GSTR3B.