WE ARE SEEING THAT , THERE ARE NOT ANY SEPARATE OLD OR NEW SLAB OPTIONS IN ITR EFILING PORTAL. SO , WE ARE FILING ALL RETURN WITH TAX FREE UPTO 5 LAKH AND WE ARE TAKING ALSO DEDUCTION AFTER 5 LAKH INCOME.SO, MY QUESTION IS THIS CORRECT FILING FOR DEDUCTION AFTER INCOME 5 LAKH ?

what is payment section of tcs u/s 206C-1H?

HI, I AM WORKING AS LIC AGENT IN MAHARASHTRA, EVERY YEAR LIC DEDUCTED RS.2500/-AS A PROFESSIONAL TAX FROM THE EARNED COMMISSION. (FOR THIS I AM NOT GETTING ANY PAID RECEIPT.) HOW CAN I CLAIM THE SAME IN MY INCOME TAX RETURN? PL. REPLY.

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HI, I AM WORKING AS LIC AGENT IN MAHARASHTRA,
EVERY YEAR LIC DEDUCTED RS.2500/-AS A PROFESSIONAL TAX FROM THE EARNED COMMISSION. (FOR THIS I AM NOT GETTING ANY PAID RECEIPT.)
HOW CAN I CLAIM THE SAME IN MY INCOME TAX RETURN?
PL. REPLY.

One Of my client has Immovable Property in the name of HUF. now He has taken loan for that property as in personal capacity. rental income is received by HUF. so what is accounting treatment for loan repayment and interest expense who can claim interest expense and also what is tax treatment in this case

A retired DGM of a bank has been appointed to provide advisory services to a cooperative bank on a monthly honararium. Just wanted to confirm whether TDS under 194J is deductible as professional fees or FTS ( As per Explanation 2 to Section 9(1)(vii) of Income Tax Act)

Kindly advise me about TCS deductions.

We are seller of spares,tyres,service to customer.

Recently customer issued a Purchase order and considered 0.75% as TCS very first time.

Please make us understand each by each clause.

Regards
G.Srinivasan

I sold some of my wife's inherited gold on her advice for her benefit only. The Selling invoice was made in my name and I later transferred it to my spouse account for her future action. As per vague calculation, the LTCG is approx Rs. 6000/- after CII adjustment.
My query is.
a) Did I need to show this transaction and pay LTCG in my ITR as the selling invoice was made against my name?
b) Or it can be assumed that the LTCG was accrued by my spouse as the money landed up in her account later on and she is the legitimate owner of gold?

We purchases material from suppliers. Transportation arranges by suppliers (Transportation cost including in invoice) and deliver goods to our factory address. Which details is given below:

Material Cost (Metal) Rs. 9,10,500.00
Add : Freight Charge Rs. 1,01,500.00
Add : IGST Rs. 1,82,160.00
Total : Rs. 11,94,160.00

our query is whether TDS should be deducted on above freight charges of Rs. 1,01,500.00

Hi,

Can anybody help me on the below:

We have supplied material to customer for rs 103530.00 (98600+4930 GST)and bill has been raised for the same. Whereas the customer has transfered rs 99388.00 after deducting TDS and also GST @2% (i,e 2071.00 TDS & 2071.00 GST). pls help me how to account this in Tally. Also how it should be corrected in GST.

Please suggest me for this....