Hi Sir/Madam,

My Company purchased a fixed asset for Rs. 51500. Out of 50000,Rs.1500 is for transportation charges. Whether TDS applicable on Transportation charges of Rs. 1500?

Dear Experts,
1 A company is having the opening WDV for ups batteries as on 01-Apr-2023 say for Example Rs 1,00,000.00
2 During the current FY, it sold all of them for Rs 30,000.00 dated 31-Jan-2024
3 Now the calculation for depreciation to be considered for 12 monthly?
4 How the accounting treatment to be carried out.
5 Please confirm

IF PROPERTY PURCHASED FROM NRI AS ON 01/01/2024 AND TDS IS DEPOSITED AS ON 06/02/2024 IS THERE ANY INTEREST APPLICABLE IN SUCH CASE?
AND IF TDS RETURN OF FORM 27Q CAN BE FILED BEFORE THE END OF QUARTER 4 OF F.Y.2023-24?

Dear Experts,
1 A company is availing the service from its service providers, who is a GST registered person
2 For the purpose of carrying out this services at various branches of the company, the service provider incurs some travelling expenses.
3 The service provider will not submit any proof for their travelling expenses.
4 Just they will add this amount in their invoices.
5 Whether the TDS will attract on this travelling expenses.

Notice under e-Verification Scheme, 2021 of the Income Tax Act, 1961 how to reply it ,

Dear Team,

A person is liable for income tax return for the first time from FY 2022-23 onwards, whereas its missed out to file.

Kindly suggest us the available alternatives for filing the return for FY 2022-23.

Respected Sir/Madam
Is TDS deducted u/s 194Q on Capital goods purchased? Normally as per goods we consider only goods we manufacture or resale not capital goods we capitalized in business?? So should we deduct on capex?? Kindly advice

Error in Uploading Return:

"clause 6 of Balance Sheet and any of the clause 62 to 66 of profit and loss account as applicable are to be filled if books of accounts are not maintained u/s 44AA"

Kindly help me to resolve this error.

Trader are eligible in section 43B(h).

How much is the taxable income for the fy 23-24 in the following case

Individual
Less than 60 yrs
Salaried class-old regime

Income from salary-400000 (from employer 1)
Income from salary -300000 (from employer 2)
80 c-150000
Standard deduction-50000
Gratuity received during the year from employer 1-50000