Respected Sir/Madam,
Is there any need of Contract between Contractor and Contractee to deduct TDS u/s 194C?
Is it Mandatory to have a Contract, or we can deduct TDS without making any contract also?

Dear Sir ,
If we sell goods suppose 1000 kgs and our Buyer returns 150 kgs due to any reasion . Rate per Kg is Rs.1000/-.
In this case who will issue e-way bill for return goods . Buyer Or Seller ?? If Buyer will issue then as" other" or any other head . Because I dint find Purchase retrun option on way bill home page.


Pls advise

Dear Experts, My client is a co Founder in Pvt Ltd Co and investing 20% Equity Shares. He is drawing salary from the above company. Recently he plan to purchase house with Bank Loans and submitted his IT Returns. Bank people asks to submit Statement of Income, Balance Sheet, profit & Loss Account for the past 3 Years. Here my query is he is drawing salary for that I filed only ITR1 No Balance Sheet & Profit & Loss Account. Is it mandatory to Prepare & submit the Balance Sheet & Profit & Loss Account. If yes how please guide me in this regard. Thanks in Advance.

Normal Tax rates applicable to a domestic company
[As amended by Finance Act, 2018]
A domestic company is taxed at a flat rate of 30%. However, tax rate is 25% where turnover or
the gross receipt of the company in the previous year 2016-17 doesn't exceed Rs. 250 crore.
Apart from tax @ 30% or 25%, as the case may be, Health and Education Cess is levied @ 4%
of income-tax.

My query is this if company incorporated in F.Y 2018-19 then tax rate of 25 % can apply or not?

For deducting TDS under 194C , agreement between contractor and contractee is mandatory?

Dear Experts

I have applied for a home loan and the bank asked my last three-year ITR, which were not filed by me due my last three-year income are Rs 206129/- (AY2016-17), 225902 (AY2017-18) and Rs253010/- (AY 2018-19).

Please let me know that returns of AY 2016-17 and AY 2017-18 can be filed and which section???

Best Regards

If there are no such transactions as required to be reported in form 61A then nil form 61A is required to be filed?

Hi, One of my client is having a house property, which he has given on lease basis as below.
Rs. 10 lakhs will be recieved from tenant in the beginning and tenant will use the property for 5 years, then the same 10 lakh will be repayable to tenant. no other rentals involved.

Suggest how to consider this transaction in Income tax.


regards
Rakesh

If one has obtained LUT for export without payment of IGST, so is it mandatory that all the exports should me made under LUT or option of export with payment of IGST can also be exercised?

Dear Experts,
We have paid the Interest Rs. 15000/- on 26/02/2018. Pls clarify what would be due date for TDS deposit whether 7/03/2018 or 30/04/2018,

Thanks
Ankit