Hi everyone,
I need some clarity on a TDS issue under section 194C for the financial year 2024-25.
A client made payments to a contractor as follows:
25,000 on 30th June 2024
25,000 on 30th September 2024
25,000 on 31st December 2024
and 35,000 on 15th March 2025

The total payment during the year comes to 1,10,000, which crosses the threshold limit of 1,00,000. u/s 194C TDS at 1% is being deducted on the full amount of 1,10,000 at the time of the last payment in March.

My question is — since the limit was crossed only at the time of the last payment and we are deducting TDS then, will interest under section 201(1A) be applicable for the earlier three payments?

Thanks in advance.

Dear Members,
Can we claim ITC on travelling expense, GST paid at 5%
If it is for business purpose?

In January 2025 one of my dealer upload 8100 itc to my GST, that invoice was not belongs to me so I was rejected that itc, but in March 2025 he uploaded debit note to same invoice worth of rs 8100 itc, that time by mistake I was accepted that debit note. Here extra 8100 my itc was loss, so kindly suggest me any adjustment or any way to retain my loss itc.....

Dear experts,

If turnover from sale of shares crosses 10 cr in a financial year , then will tax audit bre required?

Also income to be shown as capital gains or business income?

Nature of transaction is delivery based with contract value of 10 lakhs (approx) each resulting in total turnover exceeding 10 cr

Please advice

Regards,

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Respected Sir/ Madam.
We are facing issue whilee fillig form 35 ( CIT Appeal ) . In the Basic information profile a continuous errror is being displayed i.e "Please click on My Profile in the note given below to update your contact details with all mandatory fields." however the same is already updated.
Due to which we are unable to file form 35.

A person from tamilnadu bought rural agriculture land in 1994. he want to sell it now 2025. if he sells what are the taxes he must pay

this is a strange case of i having applied for rectification of cit(a) order to cit(a) as cit(A) has mixed up figures with some other case with him in his original cit(a) order.

my q--> can we appeal to tribunal when rectification applied at cit(a) is still pending by cit(A) ?

my view--> yes, as rectification is pending by cit(a) since 1+ year and demand is being pressed.

Sir, Any tribunal order, be it Service tax, exicse or customes, /where and how do know as to whether till today that order holds good, I mean, not overuled by higher courts/Higher Courts decisions