EASYOFFICE


TARIQUE RIZVI
09 December 2021 at 17:12

OLD & NEW REGIME

Dear Sir,

Which one should be chosen ?

Tax Liability as per the old regime and Tax Liability as per the new regime which one of these regimes reflects the minimum tax liability and which one is beneficial in future. Once we choose New Regime, we will have to remain within the new regime.
Please guide me and oblige.



H Thakar
09 December 2021 at 17:05

Tds applicability /Deduction

Dear Sir

I have appointed some staff for my household work. like cook, cleaner, gardner.

The expenses incurred are of personal nature and has nothing to with any business. I also don't have TAN No.

Am i liable to deduct TDS


deepak d.l
09 December 2021 at 17:19

Do we have to pay TDS to Japan,

We are very small pvt ltd company, we are working with Japanese company.
we are new company need your support to understand the rule better.
recently our client asked us that they will be deducting TDS Under ARTICLE 12
ROYALTIES point 4 & 6.

our nature of business is, we help our client to manufacture raw materials, and maintain quality control in India and export the raw materials/products to other parts of the world through us or manufacturer.

request the experts give the opinion on TDS.
1. Do we have to pay TDS in Japan under ARTICLE 12, ROYALTIES point 4 and 6?
2. If we pay the TDS in Japan, can we get the rebounds in India?
3. what are the advantage and disadvantage if we pay in TDS?

Please help me to understand
Thank you in advance.


Amandeep Singh

Dear Sir

As per 26 AS interest of Rs.11450/- but as per interest certificate from Bank interest is Rs.12471/- so which interest i have to show in iTR as per 26AS or as per Certificate


Sandeep Jain
09 December 2021 at 16:21

ITR first time

Sir,

Supoose a person filed his ITR in first time annual income is near 4.75 Lac previous years less then 250000/- So can It deparment raise a question about income or any raid to his home.


Vaneet Monga
09 December 2021 at 16:15

Income tax return filed

dear Sir

I have filed my Income tax return first time from service provider. service provider give me only copy of income tax return where mention my annual income Rs.331220/-no detail. My my annual income is four to five source for example, rent income, fdr interest, saving interest, commission so what document i required from service provider Can composition form is all detail available . please advise


Kollipara Sundaraiah
09 December 2021 at 15:58

Sec 194n tds deducted in bank account

Sir,
It assessee cash withdrawal rs:1,50,000/- dt: 20-11-21 sec 194n tds deducted rs:3000/- @2 percent debited to bank account.
Question:
1.sec 194n tds deducted limit
2.accounting entry passed procedure in books
3.sec 194n tds deducted amount claim allowed.


manoj sonalkar

Sir

Company is reimbursing fuel expenses of employees by way of credit to petro card.
Is it taxable in hands of employees as salary.
Any case law

Thanks in advance.


Hareethan
09 December 2021 at 14:55

Annual Information System

As per AIS provided by Income Tax recently, NSDL reported an amount Rs.150,000.00 but this is an amount of nett transaction amount means purchase amount less old amount, it is not reflecting actual capital gain/loss. How do i calculate and report to AIS and also during this FY i have sold Bonus shares that was got during 2017, how i add this bonus shares to calculate capital gain/loss


Amandeep Singh
09 December 2021 at 13:54

Proprietor death Capital account

Respected sir,

Please suggest Proprietor has been dead.I n march his capital transferred to both sons under account HUF. now in tally which group we create the ledger in both sons. In April month Mr.A son made new Proprietor of the firm