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,

Dear Sir/ Madam,

Requesting you to let us know the TDS rate for foreign payment (Sec - 195 , Royalties ) as he /she has the Indian PAN , kindly guide me the exact TDS rate to calculate TDS amount and to remit the same.
Please do the needfull...

CPC sent intimation 143 (1)(a)(iv) showing variance on the declared amount on Schedule OS. after noticing the issue, the deductor revise the 26AS. Demand was raises base in 194J
from the rent, and added to the declared OS income shown in 26AS. The entire rent was declared correctly.
In short it amounted to being tax twice. Have requested to reprocess the return base on the revise 26AS by the deductor. This is for AY 2017. Now I receive 245 notice of demand to be deducted from my ITR 2019. No professional fee income is derived by the assessee. Mainly rental income & F.D. interest inc. only. How to end this matter.

Sir,
Assess small businesses person.
Sales turnover finicial year : 2018-2019 rs.69 lacs
Sales turnover finicial year:2019-2020.
Assess I.t. returns filed two years for the purposes of bank loan.
Question:
Assess How much amount capital account and cash on hand opening balance introduced as on 01.04.2018
Shown in balance sheet under I.t.act

Dear Expert,

Please advise we have cold storage bill for april month,storage we have to deduct 1 % tds as per the IT Act
but recently Finance minister change the slab rate due to COVID 19.

Kindly advise which we has to follow for april month bill date ?

I have a private limited company, wherein there are 2 directors who are even shareholders for the same. They are not receiving any remuneration by way salary for the year. At the end of financial year, they are willing to charge consultancy fee for the period.
share capital being 1 lakh and consultancy fee being 10lk
Can you help me out if any restrictions are there on payment of consultancy charges.
Is any resolution required to be passed for the same.?
If yes, under which section it is applicable?

Dear Sir(s),

I want to invest in PPF for the next FY 2020 - 2021. If I invest in the month of April 2020, will I get Tax exemption benefit under 80C for the FY 2020 - 2021 or I should invest after June 2020?

Secondly, If I want to donate an amount to a Trust and want to get Tax benefit, when should I donate - Before April 2020 or after June 2020?

Seek your valuable advice please.

Regards,

Vijay

Please refer ITR 6 for A.Y. 2019-20 net profit included income from interest In BP part we have shown interest income as income considered under other heads and accounted the same as income from other sources resulting BP has shown business loss and bank interest is shown under income from other sources. Cpc disallowed this business loss stating PL account not showing loss. How to file rectification under section 154 and how to explain this details while filing

I am a staff of a financial company working in TDS department. We had a TDS demand for 4 Financial years. We paid some challans in different dates towards different Financial years. Now I am not able to trace out how much amount was paid towards each Financial years. Can any help to find out it from Income Tax website or Traces website