Hello All
I want your valuable advise.
My client has deposited TDS on Property before registry. Now the deal has been cancelled and the entire amount is being returned, but the TDS deposited is updated in his account and reflecting in 26AS.
Now my question is that " how to get TDS deleted from his 26AS". Is it possible. If not then what will be the consequences?
Pl advise and reply soon.
Regards

Dear All,

Please confirm a query.
An Individual is a Director of 2 Companies Simultaneously
Can he withdraw Salary from both the companies at the same time, if so what are tds provision that can come into effect.
As we know:-
1) Those Director who are coming under the purview of employment, his salary/ remuneration will be liable to TDS U/s 192
2) Those Director who are not coming under such provision, his salary/ remuneration will be liable to TDS U/s 194J

Please suggest accordingly.

The contract agreement is silent about who would bear the stamp duty.
Question: (i) which party has bear ?
(ii) the work is in Maharashtra. What is the rate? Value of work: ranging from Rs 3 cr to 25cr. The work involves provision of materials.

While filing GST return for May 2020, I considered certain ITC of capital goods as ineligible because of blocked credit and mentioned under Table 4(d) - ineligible ITC as per section 17(5).

But now in Dec 2020 it was eligible ITC and hence took ITC in GSTR 3B of Dec 2020.

I want to confirm whether this claim of ITC is valid now?

Sir,
I have completed my articleship with extention and filed 103 because of 6 months lapses. Now 103 was approved my principal. Then I want to submit the application ICAI ask some documents like attendance register, stipend details,work diary, condonation letter and Form 102. I have doubt about work diray and form 102.
1.Work diary is for which period( for 3 years or from extention starting date to date of form 103 filing)?
2.Form 103 means re-registration deed or deed of commencement?
Please provide a solution on this.

Hi, My client is providing business consulting service as well as renting of immovable property services.
Can my client go for composition scheme under GST ? Can anybody please help me in this.

Department is sending various notices like 2A and 3B difference of FY 19-20 and 1st quarter of 2020-21...what to do?
In FY 19-20 rule 36(4) was implemented in oct-nov 19..so there would obvious be difference before this period...
How to reply the same? Whether we are supposed to visit the department?

An engineering is practicing as a consulting engineer and he had taken a GST registration. The profession was carried for more than 4 years and during the last year, he had purchased some computers and peripherals against which GST input credit was taken. He is also having furniture and other assets. Now he had setup an new consulting llp with two other engineers for which GST registration was also taken. All the assets of the old business was taken over by the newly constituted LLP. Now the old business wants to close its gst registration and book the entire things in the new business. What are the formalities/conditions to be taken care of

HDFC LIFE ULIP Plan
Premium- 1lakh/year.
Tenure-15 years
Insurance amount- 10 Lakh
Started in Feb 2014.

So, it has been 7 years since I bought this ULIP and now I want to surrender it as the lock-in period of 5 years is over.

I can surrender it and get full fund value as it is more than 5 years. My question is

1) How will this affect my 80C deduction (which I have already claimed) especially for the last 2 years?
2) What is the tax implication for surrender value? Is it fully exempt after lockin period?

I have opted for regular instead of 10th passed and I have not paid yet can it be corrected??