I am paying rent Rs. 65000/month to one of my friend. However as per Section 194IB I read as "The above said tax shall be deducted: when rental expense for the last month of the previous year or the last month of tenancy, if the property is vacated during the year is booked in books of accounts, or at the time of payment, whichever is earlier.
Further I will be deducting TDS in the month of February 2022 at 5% on Total rent payable for the year. (it will be as 65000 X 12 = Rs 780000/- and TDS will Rs 39000/-. Hence Net Rent paid for February 22 will be Rs 26,000/- (Rs 65,000 Less Rs 39,000/-)

Am i liable to pay Interest from April 21 to January 22?

Sir,
A it person cash loans from different creditors rs:25 lacs
cash loan to different debtors rs:10 lacs outstanding ledger balance amounts previous from 2018 years show in books.if a person interest receipts and payments every year .
Question:
How many years writen-off compulsory cash loans provision applicable in it act.

DEAR SIR/MADAM CLIENT HAS GST DATA TURNOVER IS RS 29,51,433 AND 26AS TURNOVER IS RS 34,11,861. LAST YEAR WE HAVE FILED RETURN 4S WITH 4S WITH GST TURNOVER DATA BUT THIS TIME 26AS TURNOVER IS MORE THAN GST TURNOVER PLS HELP ME ON THIS. REGARDS

When we used excel based ITR-6 provided by the ITD site, json file of ITR is generated but at the time of uploading json file on ITD portal, it runs validation and shows error "Invalid hash value identified, modification to ITR details outside utility is not allowed". Is there any solution for rectification of this error. I prepared ITR multiple times but getting same error. There is no customer care, raised multiple grievances online but no reply till date.

Hi All

One of my clients had entered into the contract for sale of membership of coaching programme with the company located in UK for around 20000 pounds yearly.

Whether he has to take GST registration for the same? what other tax compliances he has to do?

Thanks in advance.

Hi,
Dear Experts please help on can be do transections between two different companies where is same director/partners have share holdings. transections like
-Payments on behalf of each other .
- Sale-Purchase.
-Payments of Govt dues etc.
Kindly help & provide the section of Income tax if possible.

i have salaries payables for last financial year. i want to pay those now to all those employees for whom i have liabilities. now i have funds so i can pay them but 2 questions.

1. to some employees i will transfer online in their accounts, can i get voucher signed? in that i will mention that i have paid last financial year balance.

2. then there are small amount salaries under 2.5-3 lacs pending per employee, can i pay them in cash as they don't have accounts? for this i will have to withdraw cash from bank and then in this also in voucher i will mention that i have paid last financial year balance salary.

for all employees i have pan card details. tds is not there for them because less than 5 lacs salary. please suggest

How to write condonation of delay letter for form 108 ?

My GSTIN was cancelled during Aug.2021 due to non-filing of pending returns. Now the GSTIN has been again validated. Sir, may I claim ITC on purchases bills of September and October in December's GSTR 3B ? Or the ITC earned cancelled months has ben already disallowed ?

Hi Sir/Madam,

We have GSTN in two states and we have filed the GST returns individually in two states. We have inter-state sales in both the states. Now my question is how could we calculate the turnover as per income tax act??
can we take the interstate turnover or not??

Please suggest...