billed to buyer within june rs 75,00,000/- . received amount 60,00,000/- .
TCS applicable in prescribed rate .
question is that whether 194Q also applicable from july if further no transaction during the year 21-22.
both are more than 10cr tunover in F Y .20-21.

assessment is done u/s 143 (3) and demand raised of rs. 1 lakh. we have filed appeal to CIT. but when i received my refund order of last assessment year they have adjusted demand in my refund.
is it wrong because we are in appeal and case is not final.

Sir, Please clarify me the following question?
TCS on sale of goods is collected higher than the rate what is specified in the Act, i.e. Actual TCS rate on sale of goods is 0.075% for the period from 01.10.2020 to 31.03.2021. But in some invoices TCS was collected wrongly at 0.75% for the month of Oct-2020. Till Now TCS Return i.e. Form 27EQ for the 3rd quarter of F.Y:2020-2021 was not filed. Now at which TCS rate we file the TCS Return i.e. 0.075% or 0.75%. If we want to file the TCS Return at 0.075%, the excess amount collected could be credited to party account by issuing a credit note. Please clarify me this could be RIGHT or WRONG & please clarify me what is the consequences of non filing of TCS return? THANK YOU SIR.

Hi All
One of my clients has imported material from Air way. Customer who has ordered the good, has agreed for reimbursement of these air freight charges. Now we have to raise seperate invoices one for materials and other for air freight charges. whether GST is chargeable on air freight charges. what will the rate for for the freight charges?

Thanks in advance.

If I purchase paddy from mandi board, Wheather section 194Q applicable? ( Assume limit of Rs 50 lacs crossed)

Dear Experts.!

I was modifying details in Principal Place of Business in core fields but I received a validation error that is : Details of Birth of promoter does not match with PAN.

Then I corrected the DOB of promoter in Non Core fields as per PAN, which is successfully amended.
But in core fields in the details of promoter incorrect DOB is reflecting and there is no option of editing.

Plz suggest how to do correction in DOB of promoter in core field so that address modification can be done.

Dear Friends,

we are a company having 50+ crore business turn over
Do we have to Deduct TDS with effect from 01.07.2021, for any material purhcase from small vendors like stationery, office maintenance and others

Sir/Mam,
As the Income tax portal has been changed to a new one, we are facing many problems as the new website has not started working properly. While filing Form 35 for a company, the portal is asking me to enter DIN no and order no. separately. They are always the same and are mentioned in the order received. But when I am entering the details in DIN tab the following error pops up:

"please enter din as section selected by you at field 2(a) is other than 195 and the date of order is on or after 1st october 2019"

Today is the last day of filing an appeal with the department but still I am not able to do that. Please help. Is there any other format of DIN which is required to be entered in the new income tax portal?

A person accounting entry passed transactions in books for Sunday's and festival holidays and national holidays allowed or not allowed.

SIR,
OUR COMPANY PROCESS BILL OF ENTRY IN PROVISION FOR PROJECT IMPORT IT IS CURRENT PROCEDURE OR WE CAN FILED BE IN NORMAL ASSESS AND HOW WE WILL FINALIZE THE BE IN PROJECT GROUP