Kindly advise the TCS is applicable for the following

1. Sales made to one customer worth of Rs.40 lakhs from April-2020 to 29-09-2020 but receipt from this customer from 01-04-2020 to till date is more than Rs 50 Lakhs.

In the above case from 01-10-2020 invoices shall i Consider for TCS @ 0.075%.

or kindly explain when we have to consider for tcs

FD taken on June 3'rd 2019 matured in June 2020, can it be offered to tax for FY 19-20?

No TDS and interest was withdrawn on maturity.

I am selling my house property to A and B (Husband and Wife). Whether wife can be a Purchaser along with her husband without contributing any amount ( consideration) for purchase of the House Property.
From Legal and Tax angle how it will affect the Seller ?

SIR HOW TO PASS AND SET OFF JURNAL ENTRY OF FIXED DEPOSITE AMOUNT RECEIVED ON MATUIRTY?

SEPPOSE I HAVE AN FD OF RS 100000 FOR 5 YEARS @8%
I SHOW INTEREST ACCURED EVERY YEAR AS MY INCOME
SUPPOSE ON MATURITY I RECEIVED TOTAL AMOUNT 1250000

KINDLY EXPLAIN ACCOUNTING TREATMENT WITH TDS

Dear Sir

We have forgot to claim ITC on one bill of RS.11431/- for the month of March 2020. Please suggest below entry in tally is right or wrong.

ITC yet not availed ( Current Assets) Dr. RS .11431/- (31.03.2020)
Input IGST Cr. Rs.11431/-

Input IGST RS.11431/- DR. ( 12.04.2020 entry in april 2020)
ITC yet not Availed Rs.11431/- Cr.

If a assessee is registered with GST having transport business then can that assessee submit the return of income through Estimated Income Scheme ?

Dear Experts, I have a small query regarding section 270a, if someone has not filed his return does in that case will it be considered as Under reporting only or can it also be considered as Misreporting?

Thanks in advance

Dear Expert,

We receive a service invoice pertain to the month of Apr.'20 with bill date 30.04.20. We are going to proceed the same in our accounting system at now i.e. 29.09.20. What's the TDS rate will be applicable in such invoice. Whether its 2% or as per amended rate from 14.05.20 i.e. 1.5%. Kindly confirm.

SIR
We are private Ltd company and have completed first year of business. We have to conduct the AGM within 18 Months from the date of incorporation (i.e) before 30-09-2020. Unfortunately, We could not finalize the accounts due to covid-19. Can we conduct AGM after 30th Sep 2020?
Plz guide me sir
thanks in adv

Respected Sir/Madam,

A person who is a CFA wants to claim Profit below the 50% of gross receipts during the year. He has not availed presumptive income section (Sec 44ADA)in any of the preceding years in his ITR. Should Tax audit applicable to him in current year considering the fact that he is claiming less profit mentioned u/s 44ADA?

Thank you