I have purchased a property worth more than 50 Lac in December 2023. A payment of 30 Lac has been made for the same. Remaining payment will be due in next financial year. Should I deduct TDS on 30 Lac payment done in this financial year or wait till full payment is done?

We have make a payment against DRC-07, now the department is asking us for proof that we have make the payment, they told us to upload the proof online, please suggest what proof I can submit and can I upload it on portal as I am not able to find any such option till now.

Thanks

"Creditors for expenses" will appear under which head and sub head of balance sheet?
Will it be under sub head of "trade payable" or sub head of "Other current liabilities"

As per section 11, even capital expenditure will be allowed as application of income and fulfills condition of 85% utilization/application of income.

My query is:
1. If capital expenditure is allowed as application of income then whether we need to show this in income & expenditure account (Expenditure side) or in balance sheet (fixed assets)?
2. If shown in balance sheet then income expenditure account will show huge surplus and then how we will show that 85% condition has been met.

I have Shares LTCG of RS 2 lakh. That means LTCG tax would be 10% of (2 lakh - 1 lakh) = RS 10000
My query is does LTCG goes through double tax i.e. LTCG Tax and Income Tax as per slab rate.

What is the tally entry for sweep in credit and Interest on sweep in credit from fixed deposit account mentioned in current a/c statement

Dear Sir,

We are transporter and we are transferring the amount to employee's a/c who is along with vehicle to meet the enroute expenses till the delivery of the cargo So is it correct way and any dispute arises in future from the income tax point of view.

Whether 1% GST is to be paid on exempted sale in composition scheme ?

Hello,
Our Society does not maintain accounts and does not audit. so what's the rule

Sir

Please advise assess register IN GST turnover Rs.70 Lacs NP 6.50 Lacs. Proper books of accounts Well maintained. if he don't want to avail the benefits of presumptive income section 44AD. Can he file ITR-3 with proper financial record ( Balance sheet- profit & Loss account ) Can portal allow to file ITR-3 in such case. Audit need in case please advise