If an employee gets pay anomaly arrears of 632000 in September 2021 and instantly in that amount 222000 TDS deduction from office.Is it justified ? Is it possible to save that money with savings. And get back with return file.
The employee would have got these arrears in monthly pay if anomaly would have been released .

Dear All,

I want to know about intra day share trading i.e. speculation business income or loss.

1) How to show speculation business income or loss in ITR?
2) There are two options. Whether regular books of account are maintained or not? Now all reports are available in computerised form. Which option to select?
3) How to calculate Turnover for speculation ?

Kindly guide.

Regards,
Suraj

Is NRI can become share holder of Indian private company,If yes means what kind of documents and complainces they should provide to ROC

I after verification submitted my return without paying income tax.

What is the solution.

Regards,

Dear Experts

I was the nominee of PPF account of my maternal uncle (Mother's real Brother) who was a bachelor. I received a sum of 55 lac after his death last month. I have 2 queries in that regard, need your advise please.

1. Tax liability on me on the amount received.
2. If I transfer the amount to my mother's account ( I believe she is a default legal heir), Tax liability on her.

Kindly help.

Thanks !!
Iyer

Sir,
A gst registered composite scheme pharmacy store business dealer purchase of medicines different tax rates (12 or 18 or 5 percent) goods.but sales of medicines value applicable on normal rate or MRP rate in gst act.

My son has only interest income on his NRO account from which TDS has been deducted. No other income in INDIA. He is settled abroad and paying income tax over there.

NRO Interest income is only about Rs. 5000/-

NRE interest income is tax free about Rs 3000/-
Can I file return on his behalf as he has given me PW to do the same.
which ITR No. to file.
Showing in return that I have filed on his behalf
or teach him new portal.
thanks in advance

He is not able to understand complex new portal.

WE HAVE TRANSPORT COMPANY AND FILLING DIESEL IN OWN TRUCK MY TURNOVER IS EXCEES 10 CR AND ALSO FILLING DIESEL IN YEAR ABOVE 50 LAKH I AM NOT PURCHASE OR SALE DIESEL WE DEBIT IN DIESEL EXPENSES PLEASE TELL ME I AM LIABLE TO DEDUCT TDS UNDER SECTION 206 OR ELSE

we have transport company and deduct 5% tds 206AB deposit tax under nature of payment 194C NO NATURE OF PAYMENT IN ONLINE PAYMENT 206AB SO WE HAVE DEPOSIT TAX IN 194C IT IS RIGHT OR WRONG

I have following queries regarding gst liability of social media and oidar services

1. If a GST registered person uses social media platforms like Instagram post, Facebook etc to generate customers traffic for a business outside India & these social media platforms are used without consideration (free of cost), then does registered person need to pay gst? If yes, what will be the value of supply?
2. Similarly, If a GST registered person uses OIDAR services from outside India, for a business outside India and these OIDAR services are provided without consideration (free of cost), then does registered person need to pay gst? If yes, what will be the value of supply?