1. TDS provisions applied in FY 2019-20 & FY 2020-21.
2. Turnover in FY 2020-21 is less than 1 Crore.
Does TDS provisions apply for FY 2021-22?
what is the challan to be used for payment of interest on payment default u/s 201? Whether challan 281 is to be used?
Can HUF pay salary to Karta. And can pay commission to Karta. If yes then TDS ON SALARY AND commission to b deducted under which section. 192 or 194h commission. Please guide.
Dear Sir,
Do I have to take GST registration if I am a Transporter incase of Private Limited company. The turnover of the company is more than 40 lacs.
Regards,
Divyesh Jain
Dear Experts,
Are there excel forms available in new Income tax website which were available in old website. There were used to fill data offline and upload XML files.
Please advice
Regards,
Dear Expert,
Whether TCS Credit will be denied if I charge TCS on sale bill to buyer, if declaration is given by buyer. Please explain Section 194Q.
Respected Sir,
We have a valid LUT Number. Ours is 100% export unit and we are filing GSTR-1 without payment of tax. We are not paying any IGST on export sales and whatever GST (ITC) we have paid on packing material and other services related with export is refundable within two years from the date of export. There are certain annexures to be filed for GST Refund. Can anyone send me the format of the annexures on my mobile number 982 1630 130 or on my email id trconsulttax@gmail.com.
Tks with kindest regards
Paid Rs. 1 Lakh advance against Supply & Installation Works, as per PI Rs. 100000 to be paid for supply and 15000 for Installation
Is TDS to be deducted on the same, this could be the first and last transaction with vendor and threshold not crossed
Time limit for issue of scrutiny notices for the A.Y.2020-21
Sir / Mam
We are GTA . We are paying for bio- diesel on behalf of sub-contractors and adjusting it against their payments and not for own use.
How ever, the supplier of bio-diesel issues invoices in our name.
In our software, the daily consumption can only be accounted from supplier to sub-contractor.
We can see only the outstanding liability to supplier and the payments to be adjusted from sub-contractors.
As we are not eligible for availing gst inputs, We are not accounting the stock and not showing the expenses in books but We are accounting the supplier as creditor.
Kindly advise us whether this system of accounts is correct or not.
Thanks in adv
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TDS provisions applicability for individuals