Please advise for TDS u/s 194 Q for following transaction / condition :

1) TDS u/s 194Q (TDS on purchase) is applicable at the time of payment or credit which ever is earlier.
2) If TDS deducted on advance payment against purchase , the TDS will be deducted on full amount i.e. inclusive of GST .
3) If TDS deducted on credited basis , the TDS will be deducted on net amount i.e. the amount excluding GST.
4) Now my query is if partially payment made in advance and balance after received the material, what are effect of TDS u/s 194Q , how TDS amount calculated ?

We are registered dealer in GST, this month (July,21) we have purchasing some goods from Interstate registered dealer through Interstate Transporter, who (transporter) raised a Invoice for Rs. 34500.00 with out charging any GST . Now our question is
1) We will pay IGST under Reverse Charge Basis
2) If Transporter give us Declaration for Non- deduction of Tax at Source (TDS) under Section 194 C (6) of the Income tax Act, 1961with his Pan Copy, then is this case can we deducted TDS because new rule 206 AB start on 01/07/2021, if yeas then which rate will applicable.

Sir,
It assess some amount paid advance for fixed assets purpose in f.y.20-21.but invoice received and fixed assets purchase in f.y.21-22.
Question:
Assess above fixed assets transactions accounting treatment in books two years.

DEAR SIR
WE FILE TDS QUARTERLY STATEMENT 24Q FOR 2020-21 AND ONE OF EMPLOYEE SOME DEDUCTION BUT WE CANNOT SHOW IN CALCULATION, THEN TDS STATEMENT PROCESED WITH ERROR AND RISE DEMAND FOR SHORT DEDUCTION.
BUT ACTUALY THEY NOT ANY PAYABLE INCOME TAX
IN THIS CASE WHAT TO DO

An IT employee worked in Germany for four months during 2020-21 and worked in India for the remaining eight months. The employer issued salary certificate for the entire salary earned during the year. Can the employee claim exemption for the salary earned abroad?. He has already paid the taxes due in Germany.

A company , following useful life charges depreciation on plant and machinery.
now its accertain that plant can be further utilised for next 10 years easily.
is it allowed as per companies Act to reconsider useful life of plant and accordingly depreciation is to be charged?
how many time useful life can be reviewed/reconsidered.

I filed IT return for AY 20-21 last year in form 1 and claimed TDS on sale of property.26AS did not show TDS credit at time of filing of return because bank might not have deposited in time.Now 26AS for AY 20. -21 shows TDS credit.But after tax assessment no refund was issued. How can I claim TDS?Which form for revised return and under which section?Thanks

Dear sir,

Our car dealer sells used car where such used cars are purchased from unregistered person as well as registered person under GST.

Question. Can we opt for margin scheme for supply taken from unregistered person and apply normal valuation for car purchased from registered person and avail the ITC on it.

Hence my final doubt is that, is both valuation allowed for this car dealer ?

One car for valuation under 32(5) and one car for valuation under sec 15.

Thanks in advance.

P&GS scheme pension as well as pension paid by employer is counted as salary income, hence std deduction can be claimed u/s 16(I). If for Jeevan Suraksha Pension scheme premium was paid by the employee (and not by the employer) while in service from his salary income, does the pension earned qualify for standard deduction? Also if employee himself pays premium after retirement towards this policy, he won't be able to claim it, am I right? Please give clear picture.

Dear all

My client Mr XYZ is GST Registred dealer in Andhra Pradesh,
My client got material supply order from Karnataka GST Registred Dealer with 2 conditions
1)Materail should be dispatched within andhra preadesh,
2) Tax Invoice Billing to Karnataka state with IGST Tax

now my client is suppliing materail with in andhra pradesh and billing to karnataka state with IGST
Is it right process??

please explain if any wrong