Our customer has sent an invoice of Rs. 1,04,534/- which contains a TCS element of Rs. 104/- (0.1%).

The customer is not willing to send either ITRs / Declarations for compliances u/s. 206AB.

Under the circumstances, what shall we do ?

Since there is a TCS element, is compliance u/s. 194Q necessary ? They are not willing to give any other document or declaration.

Please advice what should we do as early as possible.

Thanking you and with best regards.

Paid advance Rs. 100000 /- against work contract, as per performa invoice 100000 for supply of goods and 15000/- for installation charges (Material value clearly mentioned on bill item wise)

Is TDS to be deducted against payment of advance

I have a query regarding the calculation of gross taxable income in India and mentioning of foreign income in schedule FA for FY 2020-21.
FY India -1st April 2020 to 31st March 2021
Accounting period of US-1st January 2020 to 31st Dec 2020, so
1. Foreign income for a period from 1st April 2020 to 31st March 2021 is to be considered for computing gross taxable income and tax liability for FY 20-21 in India.
2. But, while mentioning the foreign income under schedule FOREIGN ASSETS, I have to mention my foreign income for a period from1st January 2020 to 31st Dec 2020 i.e. accounting period of US, even though I mentioned foreign income for a period of 1st Jan-31st March 2021 for calculating tax liability in India for FY 20-21.
3. And, in case of foreign income for a period from 1st Jan-31st March 2021, I have to mention it under schedule FA for FY 21- 22 in India.
Is this correct?

Dear Sir/Madam,
In Last Quarter Jan'21 to Mar'21 I paid excess amount of TDS for the section 192B. If there is any possible to adjust balance Challan amount of TDS in current quarter (Apr'21 to Jun'21). If there is no possible what will i do or If that balance amount filed in last quarter to the same person and advise him apply to Refund.
Kindly give me suggestion.
Thank you

80TTB DEDUCTION ICON IS DISABLE IN ITR 1 ON THE INCOME TAX PORTAL. I AM UNABLE TO CLAIM THE DEDUCTION. KINDLY HELP. NO REPLY FROM DEPT.

Under which section we need to deduct the TDS for annual maintenance charges of the machinery ?
Is it 194C or 194J

I had file ITR 4 for AY 2021-22 on 10.06.21 and had tried many times to e-verify the ITR vide Aadhar OTP but could not succeed. Please guide me .

Dear Sir / Madam
We have a branch office in Bangalore and we are paying expenses like rent salary and also creditors payment of Bangalore Branch office, from our Kolkata Head office Bank account. Please guide me about the Accounting entries.
Regards
Shomenath Pyne

Sir,
It assess salaries paid to staff through on sb or current bank account payable correct procedure.

How to fill Salary details ? The form is not auto filled with gross salary and on line filling of ITR 2 salary schedule only asks for deduction to be filled. It says gross salary will be auto filled. But it has not done so. How and when will it be filled? I have completed other schedules except the Salary. Please suggest