Hi,

If a company is calculating TDS for a contractor who qualifies for Section 44 ADA, should one check the tax slab after applying the allowed deduction of 50%? Background -- We need to pay professional fee to a Doctor who is eligible for presumptive taxation under Section 44 ADA. The contract is in the nature of Employer-Employee relationship because there are several restrictions on the Doctor's ability to work elsewhere. This means that TDS should be calculated under Section 192. (https://taxguru.in/income-tax/payment-independent-consultants-liable-deduction-194j-192.html )

Kindly guide.

Regards,

Hi,

I filed TDS return for FY 2022-23 (Q4)on 31st may'23, it is processed with defaults later on filed TDS correction return. Correction return status showing as rejected at efiling without intimating any error. two times done still same status, How to proceed?

Is it mandatory to deduct TDS by flat owners for the payment done to a party from their collective bank account?. They are registered under 'Association of person'.

Collective Bank account in the sense, all the flat owners transfer their maintenance amount to a single bank account which opened under flat A/c and from there the payments are made.

Eg: If they pay an amount of Rs.110000/- to a contractor for garden maintenance. Does the flat owners need to deduct TDS.

Sir

Can we go for ITR or wait for some time

Please advise

Hi,
Can any one resole my query??
Query is:
We are taking email G Suit services from Google. What will be the TDS rate and in which section we will deduct TDS ?

Tax amount 61760(ccst=tngst)
wrong sales value 617600
actual value 1235200
how to correct the mistake

In a company audit whether an auditor can give multiple opinion?
example qualified opinion regarding some aspects of financial statement and disclaim with regards to some other aspects or adverse opinion with respect to some aspects?

Whether the types of opinion is mutually exclusive( only one opinion in one report?)
Please any one reply me

while filling ITR 3 I have not entered any amount under SEC 80U Sch VI . During validation the error comes"In Schedule VIA, deduction u/s 80U for self with severe disability cannot be more than the maximum limit of Rs.1,25,000". I have deleted SEC 80U under Schedule C and D. Still same error is coming

A client has inherited listed shares from his brother. All these shares were purchased before 31st Jan, 2018 but exact date of acquisition and cost of acquisition is not available as many of these shares were earlier held in physical form and later dematerialized.

What should be shown as the cost of acquisition in case some shares have now been sold by the client? Can we consider FMV as on 31st Jan, 2018 also under cost of acquisition or any guidance available under the Act?

If anyone has dealt with such case practically then please advise.

sir,
I am a pensioner. I have deposited Rs. 1.10 L on 07.04.22 and 0.40 L in 03.23 in post office ppf account , but it is not reflected in AIS statement. Hence, this amount is not shown in prefilled form of ITR. How this will be included ?