Dear Sirs : As per thumb rule TDS to be deducted at the time of credit or payment whichever is earlier. My querry is that an assessee had deposited TDS amount after 90days from date of invoice THAN can assessing officer disallow the purchases on which TDS return is late filed ? Can you suggest the rectification to be done, if TDS has been deducted (u/s 194 Q) at the time of payment to suppliers which is 90 days from date of supply / tax invoice. Regards

Dear All,

Please note an Indian Company has made a consultancy payment - through service bill to a foreign company. While doing the payment, TDS was deducted @10%. Hope the Indian company must pay the TDS next month 7th and file the quarter return u/s 195.
Please confirm how the TDS amount can be claimed by the foreign company or the Indian Company? If no PAN is not there for foreign company how it can be filed?

Sold goods to one party having GSTIN during FY 2023-24 and FY 2024-2025. By mistake, shown B2C sales instead of B2B . Is there any way to correct the mistake sir ?

What should be the accounting treatment for Subsequent Registration Expense of Car(under Fixed Assets) paid to RTO for 5 years. Will all the expense be recognised in PL in same year or should be amortised over 5 years.?

To
The
Experts
Can any one provide me relevant notification of MCA wherein 'rounding off Financial Statements Figure' in Schedule III have been given.
Abhijit

Dear Sir,

If my Client is submitting a Belated Income Tax Return can he claim Refund from Income Tax Department, kindly advice.

Warm Regards,
Aditya Ghatge

Which amount fil in clause 40 3cd as turnover for ratio
1. absolute turnover
2. As per pnl credit side (revenue from others)

Hi ,

I am buying a property which is not yet registered in name of seller. The seller says he moved to US just 2 months back . Last itr 1 was filed by seller which is shared to me.How do i ensure and what documents I need to ensure the nri status

Dear Sirs,
I need to know if a registered person can issue a Cum tax invoice, that is not showing tax separately.

Hi,

We purchased the property of ₹1,03,19,000 under me and mom's name
I was not quite sure while filing the TDS hence i paid the TDS from mom's PAN as lumpsum type on 37 lacs as 37,000
After few days i paid TDS from my PAN on 60lacs as 60,000 as lumpsum type
Again after few days is paid the balance TDS on amount 6.19lacs as 6190

After few days builder's CA called me and told that i can not make lumpsum payments as it reflects as I have purchased 3 properties
He asked me to raise the correction request and make it as instalment type

I have the below queries based on above scenario
1. Instalment type should be corrected on Mom's PAN also? since we have made only single TDS payment from mom's pan and there won't be further payments from her PAN. So this should be Lumpsum or Instalment?
2. When i raised correction request for changing it to instalment type from my PAN since i have made two TDS payments, the first challan of 60k i mentioned as instalment type.
The problem arises when i modify the second challan. When i select 'YES' on the checkbox whether this is the last instalment?, It considers complete agreement value of ₹1,03,19,000 while calculating TDS. It is not considering the previously paid TDS from mom's PAN and my PAN's first challan in this calculation.
While modifying the challan i have mentioned stamp-duty value as same as amount being paid currently

How should i proceed?