AMIT KR GHOSH
19 April 2021 at 17:35

Mismatch in TDS Claim

Order Copy Received in which TDS Claimed not shown (Unmatched TDS) and Interest Charged u/s 234B & 234C. But Claimed TDS is showing in 26AS. What to do.


TARIQUE RIZVI
19 April 2021 at 16:55

IDENTITY CARD ( I D )

Respected Sir,
While keeping in view of the issue of Covaid-19 companies are required to issue ID to their employees. Please let me know the procedure for making ID. What are the formalities to be done in this connection.


Kollipara Sundaraiah

Sir,
One of a pharmacy store maintained trader composite scheme registered in GST act recently.
If a dealer purchase of medicines 5 and 12 and 18 % tax rate goods and exempt goods and sales to customers cash mode sales and Google pay and phone pay modes transactions for daily.
Question:
1.Dealer purchase records tax rate wise or consolidate(single) account
2. Sales transactions accounting entires passed procedure in books.


Garv Sharma
19 April 2021 at 15:37

Ques on itr

Hello
My question is , Mr.x ,age 72 never filled income tax return till yet due to non applicability.

However as on 21.01.2021 he sold a land (not agriculture one) for Rs 10lakhs which was bought in the year 2004 for Rs 50000. And he doesn't have any other income.

Questions:
1) Is he applicable to file return?
2) If yes, then is there any applicability of advance tax ?
3) consequences of not filling the return.


TARIQUE RIZVI
19 April 2021 at 14:42

REDUCED TDS RATES FOR FY 2021-22


REDUCED TDS RATES FOR FY 2021-22 YEAR ENDING MARCH 2022
=====================================================
Reduction was allowed upto March 2021
Whether the same reduction will be allowed for the fy 2021-22 ( Year ending March 2022 )



Petchimani

sir I have Filed TDS Form 27Q -Q4-FY 2019-20, I have download and submit all details for generate in Transaction Based Report but these report not generated status Not Available mentioned in Status column, my return processed without Defaults? how to generate Transaction Based report sir in Traces for foreign client sir?


sankar ponnan
19 April 2021 at 11:01

Suspense Amount

Sir / Mam

A Director pays lot of amounts under his suspense account, which was earned by him in his own business, to his Pvt Ltd without limitations.
Plz let me know that how much can a director pay the suspense amount to Pvt Ltd in a year?
Thanks in adv


CA Parul Saxena

I have to make payment for 3rd month under qrmp scheme...while making payment which section to select in challan?
Monthly payment for quarterly return or any other payment?


SHIVAM JHUNJHUNWALA

IN INDIAN CONTRACT ACT, DOES PROMISEE GETS CONSIDERATION IN UNILATERASL CONTRACT...FO EG. "M" ADVERTISES THAT WHOESEVER FINDS HIS LOST DOG WILL BE REWARDED 5000. "A" FINDS DOG AND RETURN IT TO "M". HERE CONTRACT IS FORMED AS SOON AS "A" FINDS AND RETURN THE LOST DOG AND HENCE IT IS A UNILATERAL CONTRACT. SO AS WE KNOW ACCORDING TO DEFINATI0ON OD CONSIDERATION AS PER 2(D) CONSIDERATION IS FOR PROMISE.. HERE "M" OFFERED AND "A" ACCPETED BY GIVING PEROFORMANCE. SO "M" HAS PROMSIED TO GIVE 5000 TO WHICH HE RECIEVES CONSIDERATION AS HIS LOST DOG. BUT "A" DOESNT MAKES ANY PROMISE BCOZ HE HAS PERFORMED HIS ACT.. SO "A" GETTING 5000 IS OR IS NOT CONSIDERATION......IN SHORT DOES PROMISEE IN AN UNILATERAL CONTRACT RECIEVES CONSIDERATION


Fosma NoidaASM

The Income Tax Department has identified high value information which does not appear to be in line with the Income Tax Return filed for Assessment Year 2020-21 (relating to FY 2019-20).

bank fd interest accrued was not considered while filing the return, what should be done and what procedure to be followed?





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