Income Tax queries [1713]

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Ritika Ahuja

22 June 2021 at 12:38

Late Fee u/s 234E for TDS on Property

I purchased a property in Mumbai on 31 Dec 2020, with an agreement value of 1.7 cr, I paid approxamately 43 lakhs til February 2021. TDS @0.75% amounts to approx 33000. There was a delay in payment of TDS amount, which I paid only in May 2021. I got a notification from the Income Tax Department u/d 200A for interest on late payment and late filing fee u/s 234E which is approximately 10,000. My Question

1. Is there a way I can get a waiver of the late fee?
2. Was TDS applicable to me in the first place in FY 2020-21 (as TDS is applicable u/s 194-IA only if payment exceeds 50 lakhs in a financial year?
3. What are my options to reverse or save on the late fee notice?

Kollipara Sundaraiah

22 June 2021 at 12:35

Accounting entries fees received bill for hospital

sir,
A doctor covid-19 patients treatment in hospital.patients fees collected charges mentioned below.
cash bill for one patients:
disifetional charges rs:400/-
Medical personnel rs:3400/-
ppe kit rs:500/-
Medicines rs:3500/-
lab charges rs:800/-
food chargers rs:400/-
total fees collections from patients rs:9000/-
question:
A doctor above fees received from patients accounting entries passed in books.

Nemish Mankodia

22 June 2021 at 12:23

Office Rent Income

I have received Rs.58000/- Office Rent Income for the one Month by Cash.
How to accounting this entry.
Is it legit in Transaction ???

RAJAT SUBHRA MALLICK

22 June 2021 at 11:51

Data migration Audit of RRB

Please provide a check list and sample audit report

Sonnal Khandaray

22 June 2021 at 11:44

GSTR-3B due date for May 21

Hi All

What is the due date of GSTR-3B for May 2021 without interest and late fees?

Thanks in advance

Naresh Kumar Kejriwal

22 June 2021 at 09:41

Section 194Q

As per section 194Q, whether TDS would we deductible at the time of booking of invoice ??

Praveet

22 June 2021 at 08:55

44AD 2 FIRM

Can I declare income of two firms in 44 AD?

suresh

21 June 2021 at 20:21

Pan card and aadhar

how to find name as per pan card records (yet to register but having pan) and also can aadhar be linked without registering. If so how can we find that pan and aadhar us linked.

Sheetal Chowdhary

21 June 2021 at 19:29

MCA XBRL Validation Tool

Can you send me MCA XBRL Validation tool on sheetalchowdhary8@gmail.com
I am trying to download it since 2 days unable to download.

Mehak

21 June 2021 at 18:52

Proposal for GST review

Greetings Fellow Professionals,

Can someone share a sample proposal for providing GST review services i.e. a post dated review of GST matters and compliances done by client in previous years?

Thanks