Dear experts,
Very good evening to all of you

I at present is require to file TDS return of a client for FY 018-19 for Q1 to Q4 who doesnt file TDS return till today date due to Nil TDS return. However on discussion came to know that there are certain payments made to Transporter which fall under Sec. 194C and require reporting in TDS return. However there is no TDS liability due to declaration received from transporter.

When going to file TDS return my tax software Computax is showing alarming message regarding 234E late filling fees. According to me, 234E fees cant exceed the amount of TDS and in our case since the TDS amount is Nil hence there should not be 234E fees in our case.

My query:
(1) Kindly guide whether 234E fees applicable in our case ? If yes, kindly mention reason behind it.
(2) Is there any provision that in case of Nil TDS due to declaration received from Transporter, the 234E fees can be levied upto TDS which should be deducted but not deducted due to declaration received.

Kindly share your expert opinion at the earliest to which i will be very thankful.
Thanks alot for your time

Best Regards

HELLO, I WANT TO DOWNLOAD AADHAAR VERIFIED ACKNOWLEDGEMENT COPY OF ITR. FROM INCOMETAX INDIA EFILING PORTAL. NO COPY CAME ON REGISTERED EMAIL OF ASSESSEE. KINDLY SUGGEST

Hi dear
My one question
My Accountes cheque received 31march and bank clier 2april how adjustment entery because party accounts closed 31march and bank statement not equal to BOOKS statement
Please reply

Dear Sir,

While Filing ITR 2 we enter under CG Schedule under A2 sub-heading for short term gains of equity oriented mutual fund taxed at 15%.

Similarly under which sub-heading do we need to enter short term gains of debt mutual fund under CG Schedule taxed at applicable rates.
Do we need to use sub-heading A5 " From sale of assets other than A1 to A4" ??

This is with regard to Excel utility/Java utility.. Kindly advice

For filing of IT return for NRI,Jurisdiction of residence is not clear.The country of stay ie State of USA or USA is mentioned and system is rejecting the file stating that the Value US/USA is not valid.Will you pl guide me what is to be entered here

Wrong ITC taken In F.Y 2017-18 Form 3B which was not reversed in F.Y 2017-18 & F.Y 2018-19, Now in Annual Return how we represent it in Which Table and how we pay the tax amount.

Dear Sir / Madam,

Mr A is having Rs. 90000/- loss from F&O (Turnover calculated Rs. 18.50 lakhs) and Gross Professional Receipts of Rs. 8 lakhs. His Net Professional (after expenses) income comes to Rs. 5.75 lakhs. His Net income % from Prof activities comes to 71.88%.

Whether:
1) Loss of F&O (90000/-) can be adjusted against professional income (5.75 lakhs)?
2) Is tax audit applicable as there is a loss from F&O?

Kindly guide
Suraj

By mistake I have wrongly entered the purchase value of Rs.125000/- in eligible ITC coloumn..
How to reverse it.?

Hi,

I am entering into a joint venture with a builder to construct and sell apartments. I am the landowner. The builder will bear the expense of all relevant approvals, construction, inspection and I will get a share of the revenue from sale of apartments.
What will be my tax liability for this project:
1. Will there be any GST liability? If yes when will it be due.
2. What will be the income tax liability for me and when will it be due? I have owned the land for 10 years.

Thanks,
Anurag

Sir
My Father was a Govt Employee. and after his death i have received Rs. 2.40 Lac as Gratuity (rec. on death) in my account. I withdraw such amount and made FDR.

My question is Whether such Gratuity amount is taxable in my head or not?