Sir/Madam
I am a professional having a proprietorship business for Financial year 2019-20 my professional income is Rs 738600. Profit from business profession is Rs 312000 ( which is less than 50% of professional income). Also have annual rent income 210000. Do I need a Tax Audit. Please mention income tax section applicable if possible.
Please guide
Thanks in advance

My Company is a online gaming company. So, we need to deduct TDS on the winnings amount exceeding Rs.10,000 u/s 194B. But the question is do we need to deduct TDS of the player according to per game basis or do we need to consider the limit of Rs.10000 aggregately irrespectively of the no. of games played. For e.g. Mr. A played a game conducted in April and won Rs.3000. Further he again played in September & Dec and won Rs.5000 & Rs.8000 respectively. Now do i need to deduct TDS in this case or not ??.
Please reply on this query .
My concern is no. of players play our game every day and keeping track of the aggregate amount of winnings earned by such no. of players will be a difficult task.

have a value of Rs 101735.6 ( which includes GST 12% & after deduction TDS @7.5% )
need to know the invoice value

can we pay the salary in cash more than 10000

Hi all,

Our company is intending to pay award to one of our employee who has worked for 20 years.

Is the amount payable as award to employee for his length of service is Taxable?

If yes than under which head

Regards,
Ravi Konda

A person wanted home loan from bank.a person below taxable income(2.5 lacs).
Question:
A person it return filed compulsory.(it return without filed home loan eligible)

One of our client is a Private School he is paying Interest to NBFC for loan taken. Will TDS provision no applicable on it.

Dear Expert,

We need to file the ROC return (Pvt.LTd.)for the last year and before last year with NIL Turnover..

1.What is the penalties/interest required to be paid for late filing..

2.To file the ROC does the Auditor/Company secretary sign mandatory or any one can do the filing..

Kindly confirm and do the needful

I have received intimation regarding short deduction on tds in salary form 24q. My question is that what payment amount I should take for that part of the tds as it is calculated on slab wise. kindly help on this matter.

Sir/Madam
Please provide guidance. A payment was made to party A in May 2020 on which TDS was not deducted. This mistake is identified and TDS pertaining to May has been deducted from Payment made to party A in November 2020. It's TDS is deposited in Dec 2020. TDS return of Q1,2 and 3 has been already submitted. But party A's details not been shown in any return. Now do I have to correct Quarter 1 TDS return to show the May 2020 payment and TDS thereon along with correct Q3 return to show November payment and TDS thereon. Or do I have to correct only Quarter 3 return showing date of 2 payment as May 2020 and Nov 20, date of deduction of both as Nov 20 and date of deposit of both as Dec 20. Please clarify this Thanks in advance.