We as a private limited company provided service rent a car to driver or vendor for drive car on uber ECO as we have Uber Fleet. Also We recognised our Income as Total of Uber Earning And also show driver expenses as (Total of uber Earning - Rental Charges). & thereafter net rental amount recover from driver. If driver taking all cash trip then we recognised driver expenses as (Total of uber Earning - Rental Charges +/- Net of uber earning & cash trip collection).
Uber deduct TDS on Total of Uber Earning u/s 194O.

Here I want to know whether we liable to deduct TDS on driver expenses or any other amount or NOT ??

1st instalment paid for purchase of property was May 24, where no TDS was deducted. However in the 2nd instalment paid in Oct 24 the TDS was deducted @1% on the total purchase consideration. How to show this while filing Form 26QB? Whether interest is to be paid for delay in TDS deposited for 1st instalment?

One of our employee's PAN was inoperative at the time of filing the return as of 25-05-2024. As a result, we received a notice from the TDS CPC regarding short payment of TDS deducted. We are now paying the outstanding amount with interest and filing a revised TDS return. The employee's PAN is now operative. The employee is now asking whether they will receive a refund for the same.

Hi,

In my current org my last working day is 25th Nov 2024 but they are asking me to submit IT proof before LWD, otherwise they will deduct tax from my final settlement which will come after 2 months of my LWD. is the legally correct?
do I have any option to not submit IT proof as still I haven't done my investment?
Please can I get some suggestion or legal opinion . I can contact if any one can guide me.

Whether indexation benefit applicable on sale of gold? Or flat 12.5% on difference between sale and purchase

A If I have 3 flats and i sell all 3 during a financial year, am I entitled to exemption of Rs 10 Cr in each of these 3 flats. In other words the exemption of Rs 10 Cr is for each flat and not in totality during a financial year.

B Direct Tax Code is expected during the next financial year(FY 25-26). Is the benefit of Sec 54 and Sec 54F likely to be discontinued ?

we are paying stall rent in exhibition to be held out of india, whether 15CB required

Hi
can anyone guide me about below matter
I have filed ITR of one of my client who was liable to under tax audit for the FY.2019-20. clause 26 In respect of any sum referred to in clause (a), (b), (c), (d), (e), (f) or (g) of section 43B, the liability under tax audit report. I have entered amount of statutory dues in wrong column is not paid on or before due date instead of paid on or before due date. therefore IT department raised demand for the above lability. I have filed online CIT appeal and I won the appeal and order of the same has received online only but AO is not giving effect of order and raised demand and send me notice again and again. before 2 days I have received mail from the CPC that,right transferred to AO but I am not able to understand if I have filed online appeal and order(CIT) received online only then why I would approached offline process.
kindly guide me

Whether assessee is eligible for 50% for dispute tax where his file is in appeal and similar issue was settled in favour of other assessee by the Karnataka High Court case

I along with my wife (both senior citizens of India by birth) moved to USA for permanent residence on Green Card at the end of Oct 2023. We are now on a visit to India since 8th July 2024 and will return to USA on 13th Dec 2024 and will not visit India again during the AY2025-26.
we were in India for 211 days (from 1April 2023 to 29th Oct 2023) in the financial year 2023-24 hence filed our returns for AY2024-25 as “Resident”
We will be staying in India for 158 days (from 8th July 2024 to 13th Dec 2024) in the financial year 2024-25.
We are filing Tax returns to IRS USA on global income as resident.
Grateful for advice what should be our status for returns to be filed for AY2025-26 in India.