RESPECTED,

KINDLY HELP ON THIS, AIS SHOWS TRANSACTION RELATED FOREIGN PACKAGE BOOKING IN SECTION TCS-206CO AND TCS DEDUCTED ON THIS. IN INCOME TAX RETURN THE INFORMATION SHOULD MENTIONED IN WHICH COLUMN, PLEASE GUIDE ON THIS.
REGARDS

Sir,
It assess taxable income rs:6 lacs show in it returns in f.y.20-21
1.cash gift to son rs:10 lacs pay on online mode
2.assess sb bank accounts running.
Question:
1.income declared low and cash gift value large accepted in it act
2.bank sb accounts not showing in AIS and TIS.

Suppose a Nagar Palika received fund from central government and state government in last year (FY 2020-21) amounting to Rs 15 Cr. Now Nagar palika purchase various goods from a supplier to do various work for his jurisdiction like repairing of road, electricity work, for laying of pipe etc. Suppose nagar Palika purchase goods amounting to Rs 60 Lacs from a supplier. Now my question is that weather that nagar palika deduct TDS u/s 194Q from that supplier considering Gross receipt/sales/turnover of nagar palika in last is more than 10Cr and purchase of goods from a seller is more than 50 Lacs. (Basicaly my question is that weather Sec 194Q is applicable to this type of government entry who received fund from Centre Government and State Government and other agencies and use this fund for the purpose for which fund is received (ie for General Publice)

I required Project report on Commercial Vehicle finance from Bank, Kindly provide me as earliest possible at rohitdeshmukh.72@gmail.com

SIR,
A small business it returns non fileing person purchases of site value rs:20 lacs in f.y. 20-21
Question:
1.Assess it returns filed compulsory and how many years it returns filed.
2.purchases of site value showing in it returns compulsory.

Respected sir
I am salaried person. My Current yearly salary is Rs 1100000/-.
I have invested Rs 10 Lakh in Mutual Fund. Such entry is reflected in my 26AS. Now I want to submit my income tax return ITR 1. So i have to ask you , what is process to reply SFT 10 ? & Any other formalities in ITR ? Please reply

Dear Sir,

My colleagues received professional (consultancy) fees, and company also pay him rent.
TDS deducted u/s 194J(b), 194J of professional fees and TDS deducted u/s 194(i)b & 194(i)a of Rent. But rent is a expenses of my colleague not income.

When I am going to the file the return there is show house property income, but actual this is not a income.

Kindly advise

Tax has been deducted u/s 194DA out of maturity amount of BAJAJ ALL during the F.Y. 2020-21. Will case to be taken in LTCG or Income from other sources? Let me know the calculation process, In case of capital gain. Regards, Tarak Kumar Roy

Dear All,
Please advise for the query: Sales for April month duly filed in GSTR 1, later Credit Note filed during May due to disputes with Client.
Later in June Client accepts the Invoices of April month...
Now, how can I show same in GST return- April month Sales reversed with Credit Note. Is there any way to cancel Credit Notes already filed in GST?
Client requesting to book sales without Credit Note

An individual, dealing in automobile parts, registered under GST, has got a licence to operate a beer bar and is required to make payment of licence fee every month to the state government. The sale of alcoholic liquor for human consumption is not liable to GST. The Beer Bar is not selling any food but serving packaged snacks, soda and drinking water free of cost as complimentary to its customers.

Please advise applicability of GST under reverse-charge mechanism on licence fee. Also advise whether free supply of snacks, soda and drinking water would amount to supply of taxable service as the bar is not charging separately for these items