Mr. X, a salaried individual, is agree to sell his truck (heavy goods vehicle) to M/s ABC Limited for its commercial purpose for INR 11,50,000/-. Though U/S 206C(1F) Mr. X is liable to deduct TCS from the buyer (M/s ABC Ltd.) for such sale but he does not have TAN. Must he apply for TAN for such single sale?

Dear Sirs,

I am using winman software for computation of income.
One of my relative has income from usa as dividend the tax was deducted.
Now i have confused where to enter the same .
Kindly give your valuable adivise
Thanks in advance
K.B.Nagesha rao

Respected elders,
wish all of u a very healthy , happy year of 2022.
My query. I had bought a bunch of shares , sold them in 10 months.-Paid short term capital gains. With this money, I bought 1 lac worth of gold coin.The shop chargd me 1.5 +1.5 % GST on this.. After 6 months I wanted to sell this gold coin. This time the jeweler did not account for GST & even reduced 3 % on the value ( of the selling rate on the selling day of the gold ).
Is this procedure correct or how do we avoid the loss.
VIJAYAKUMAR

Dear Sir,
Pls clarify the following issues....

1) An individual having salary income, also have Commission income TDs thereon deducted 194H, should I show commission income as IFOS or to file p/l and balance sheet.

2) an individual having STGL shere loss in future & option trading, his broker has given consolidated loss figure, how to show this consolidated loss, whereas ITR compulsory to fill sale & purchase date, value also.

Pls clarify.. .

Thanks
ASAP

Can you help me for following informations.

1.Internal Audit FAQs of a Govt Company
2. checklist for internal audit in a govt company

Due to covid conditions, a client who normally received Rs 12,00,000 as rent from commercial property and house property received only Rs 350,000 during the financial year 2019-20. Can he declare only the rent received as the rental receipts?
Can the experts throw light on the provisions of the Income Tax Act,regarding this?

Dear Expert,

Can we take exemption of Driver salary , Fuel and maintenance allowances, which was included in the payslip too..

Kindly confirm

Dear Sir,

I want to know what should be the Balance sheet date which we can keep for a Pvt Ltd company for signing of accounts (directors and auditor) as on 31.03.2021.

Also after considering that the AGM date was extended till 30th November, 2021

Please help me in this matter.

Regards,
Divyesh Jain

Rental Income Receipts of Individual from commercial complex of serveral rooms (i) is it offered Income from house property or business

Dear Sir,

I own a Pvt Ltd company where my AGM was held on 30th November, 2021 for Balance sheet of 31.03.2021 as due date of AGM was extended.

My query is what date should I put on the Balance sheet as a signing date.

Please help me in this matter.

Regards,
Divyesh Jain