Resolved thanks sir

Dear Experts,
1 A company is remitting the specified amount to its Chairman and Managing director towards Branch Ambassador Fees.
2 Whether the company needs to deduct the TDS u/s 194C or 194J

I am a trader not registered under MSME

I have purchase material from manufacturing unit who is registered under MSME as Small Enterprises.

Is rule of 45 days payment is applicable to me as I am a trader and not registered under MSME

Please clarify the same

25-01-2024

From
CA Laxmi Mittal
Vapi

Sir!
Re. Not able to register at I.T. site of New TAN no.

1. After being redirected from TRACES site as Register as new user ---Deductor -- we are being redirected to I.T. e filing site for TAN registration
2. All details like PAN no., mobile, mail ID, address is filled , PIN Code & other details are not fetched. What is the problem pl..... We have tried several to register at IT site.
3. We have downloaded CSI file of the challans paid for December Quarter from |I.T. site .
4. Above all we have not with us challan no. & BSR code after payment of TDS as TDS is paid online. In debit advise, BSR code & challan no. is not mentioned.
5. TDS RPU-4.9 version , all details are being filled , Form 27A is generated , but error file is generated showing Invalid challan details i.e. BSR, Challan no.

Pl help us for
a. TAN registration at I.T. site or
b. Where to get BSR code & challan no. for the payment made by us. Bank is saying that for online payment they are not able to give challan no. & BSR code.

Seeking urgent reply pl.
Thanks!
CA Laxmi Mittal

20-01-2024

1. We have tried several times for doing above. After redirecting by TRACES site for TAN log in, under Contact details, PIN code, Post office, Area, Town, State is not taken . POP up & redirects is enabled, but no result

2. Is there Site problem. We are trying above since yesterday

3. Or alternatively, for filing First TDS return, Now TDS paid challans are not being sent by mail.
If we can get BSR code & Challan no. of the challan paid , then TDS return can be filed with NSDL
Pl help us in getting BSR code & challan no. of payment made for filing TDS returns
Thanks!
CA Laxmi Mittal
Vapi

Sir One Agriculturist no other income except Agricultural income had sold his rural agricultural land into residential plots over period of 3 years to maximize his sale value . Since there is no adventure in sale (Income from Business other than this sale) is it treated as Exempted Income or to be treated as Income from business.

We had interior designed our new office. He had only made the designed, and the labour work and material was carried out by an altogether different contractor.

Can we charge 1% tds on the designing services, given the HSN code 998391. The vendor's CA has told TDS can be charged under contract.

Sir based on the facts and figures given below



An Employee who was working with a pvt company (coming under the purview of gratuity act) ,for the past 10 yrs resigned after working for 3 months in the fy 23-24


Gross earnings for 3 months- 300000
El encashment on resignation-150000
Gratuity-500000

Deductions

Pf -20000
Standard deduction-50000

He had chosen old tax regime at the beginning of the fy .Also no tds was deducted for the period april 23 to june 23.

Now gratuity and el cashment is to be settled.


1) Plz clarify if any tds is to be recovered.
2) Whether gratuity is to be included in the calculation of total earnings or not.

Please clarify at the earliest

I sold a property in December 2022. I filed my income tax return showing the sale of property along with other incomes

But the problem is that in my AIS, the sale consideration for property is shown three times. For example i sold property at 86 lakhs but my AIS show 86 lakhs * 3 = 2.58 cr

In my return I showed sale value as 86 lakhs which is not matching the AIS. Due to this my TDS got prorated and I got a demand of Rs 4 lakhs which is incorrect.

How should I address this problem?

43B DISALLOWANCE FOR PARTY REGISTERED UNDER MSME ACT,2006 WOULD APPLICABLE FROM WHICH DATE?