What is the TCS payment and filling section for TCS on sale of goods ? Is it 6CR?

Hello everyone, I pay salary to some employees under my proprietorship (IT services only business) and get the audit done. But is it required for me to deduct TDS on salary of employees for whom salary is below INR 5,00,000 per financial year? Looking for your help. Thanks

I have sold my residential property after holding more than 2 yrs.

The property purchase value as per registered purchase agreement is INR 29L
In Addition to said regd. agreement amt (29L), I have also paid INR 3L by A/c payee cheques to builder towards Society Maintenance + Service Tax + Maintenance Deposit +Infrastructure Development Charges + Auda Legal Charges etc. as per their demand.

Now my question is whether I can include said other exp. of INR 3L in Cost of Acquisition Amt. , pls guide me which exp. is eligible in addition to cost of acquisition.

Pls help me in this matter.

Your quick reply shall be highly appreciated...

in my Father 26AS, SFT-012 Purchase of Immovable property shown 1. What I need to do? Do I have to file 61A as an individual? 2. Is it required to mention anywhere in ITR-1. he is retired pensioner Thx & Rgds

Builder received advance against booking from a party under various tax rate 1) 10,00,000/- @ 12% on 01.01.2019 2) 15,00,000/- @ 5% (GST) on 10.04.2019. Now sale deed done on 01.12.2020 . How to show the sale of ₹ 25,00,000/- in GSTR and Advance Adjusted?

Hi. One of my client has incurred soil investigation costs originally intended for building construction. However, the construction was cancelled. What type of expense should I recognize the incurred Soil Investigation, Engineering and Architectural services? I initially capitalized the said costs as CIP and want to reclassify as an expense.

If a person export of goods without gst charged . In this case LUT application is compulsory or anyother compliance also required?

Suppose one business man sale for first year is Rs. Ten Lakh & Net Profit @ Ten Percent for Rs. One Lakh.

Second year purchase furniture for Rs. Fifty Thousand from last year Profit. Depreciation on furniture @ Ten percent for Rs. Five Thousand debited to profit & loss a/c. Due to furniture is purchase from last year that’s why depreciation debited to Reserve & Surplus. Lots of people say depreciation of this year expenses, I agree but in profit & loss account only depreciation is single expenses is not paid for the year or not payable for next year. Now position is year end Furniture value is Rs. Forty Five Thousand & Business Man collect money from market for this furniture is Rs. Fifty five Thousand. This gap is increase every year. Business Man show compering to last year profit is ratio is decrease that why business man decrease expense or increase sale price, that why Unemployment or Dearness is increase every year.

Thanking You,
Shailesh Kanth

Hi,

If anyone opted any regime of income tax (either new or old) in FY 2020-21, is it compulsory to take same regime in 3 consecutive years? or they can change to other one in next FY year?

I received sms from ITDCPC for return has been processed 3 days ago. But still in incometaxefilling login it is not showing. How many days it takes to update?