Nikhil Kaushik's Expert Profile

Queries Replied : 23969

In case you are looking for tax compliance or advisory services, you can reach me at canikhilkaushik @ gmail.com

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karthikr says : contract employee tds rate
Hi Nikhil, Good day! Could you please confirm the TDS rate deducted for contract employees under Section 192C? Should it be 1% or 2%? The employees are part of the Finance Team, while others are in Technical roles.

karthikr says : contract employee tds rate
Hi Nikhil, Good day! Could you please confirm the TDS rate deducted for contract employees under Section 192C? Should it be 1% or 2%? The employees are part of the Finance Team, while others are in Technical roles.

Mahesh S M says : GST
Hi Sir, I have reversed the ITC under 17(5) in this month 3B. How can I reclaim that in future when I receive Invoices from supplier?

ntc pioneer says : It
Dear Sir How much is the tax relief in the case of the following scenario ? Fy 23-24 Gross income-10 lakhs Deductions-pf 1 lakh and housing loan 1.5 lakhs and standard deduction 50000 Gross total of arrears of fy 22-23 received in fy 23-24-4 lakhs Deduction of pf from arrears-1 lakh Fy 22-23 Gross income-7 lakhs Deductions-50000 pf and 50000 standard deduction Old regime is opted in both the years

Prashanth says : TDS credit
Dear Sir, I have a query related to TDS credit which is claimed in ITR but was not considered by CPC during ITR processing. Kindly help me with the possible resolution. Let me know if you need any other information Thank you