Dear All,

Our office closed on March 25th due to COVID 9 pandemic and reopened on 20th May 2020. We have received an invoice on security service which is dated 01/04/2020 (expense for Mar'2020). Usually we are deducting TDS @ 2% under sec 194 C . My query is, new TDS rates which came to effect on 14th May 2020 is applicable on this case?.

Whether we have to deduct 2% or 1.5% ? New rates applicable on the basis of invoice date or invoice received date?

Kindly advise.

Thanks in advance

TDS Return Q1 FOR F.Y.2020-21 DUE DATE ?

I got operated in a hospital and medical bill was Rs.75000/-. From National Insurance Rs.40,000/- was
reimbursed. I want to know whether I may get exemption for the rest amount i.e.
75000 - 40000= 35,000/-

Please advise.
pbguha@yahoo.com

Sir,

I earned last year profit from future and options F&O trading (stock market) around 4L and its F&O sales around 15L. Which ITR no. is to be filed.

Is it a business income. Then what is the business code for F&O income.

I tried to fill online return. Which column belongs to F&O income, E1 or E9 or E10, as i also paid GST on transactions of F&O. But i dont have GST Number.

Please guide.

Regards,

Anju

We are a trading firm, we have multiple transporters about 8-10 whose individual freights are under 30000.00 but the total amount of freight during the year is more than 1,00,000.00 annually. So is the TDS applicable on freight and on what amount?

Any expert opinion?

I have done f&o trading from my grandfathers money and i have no income and have lost 8 lakh in f&o trading my turnover is less than 1 crore so should i require to present my loss as i have no income

What is SAC code used in GST registration for Game of Skills or E sports ?

Sir,
One of new small i.t. assess source of income repairs works as a Goldsmith works.
Assess net profit rs.3,15,000/- shown
in f.y.2019-2020 balance sheet filed compulsory for the purpose of bank loan.
Doubt:
Assess how much amount capital and cash on hand opening balance as on 01-04-2019 shown balance sheet in i.t returns in f.y.2019-2020.

As a deductor of Tax, if PAN of any deductee is appearing as Deactivated or Deleted, would we be able to upload the quarterly TDS Return with such PAN and if yes, further, will the deductee get credit of the TDS and will a TDS certficate get generated?

Looking forward to a reply.

Thanks
Natasha Hombal

Sir, i live in USA but have a property in India at Hyderabad, Lakdikapul. I am selling it this month. i have given GPA to my cousin, she will sign it on my behalf. please let me know if any TDS or capital gain tax is applicable on this. if so how much

purchase date: 22nd Nov, 1999
purchase price : 2,60,400

sellling price : 21,08,000

Thank you very much,