I am proprietor paying salary to Mr.A Rs.372000.00 and Mr.B Rs.283000.00 in the FY 2019-20.

My question
(i) Should I have to deduct TDS or not?
(ii) what is the amount of TDS?

Please reply

Please Help Experts....

The rate of TDS following two nature of payments is reduced to 2% instead of 10% under section
194J from 01-04-2020 by the Finance Act, 2020:

1. Fees for technical services (not being in the nature of professional services).
2. Royalty where such royalty is in the nature of consideration for sale, distribution or exhibition of cinematographic films.
For others, the 10 per cent rate of TDS shall continue to apply.

*** As per this changes We have deducted TDS & deposited as per applicable rate of 2% for Technical services, Filed 26Q for Q1 F.Y.2020-21.

But 26Q is processed with defaults of short deduction of TDS.
Default summary details shows payable amount of short deduction of TDS with Interest.

Kindly suggest , What to do ?

Sir
A proprietor gets the bill from a private limited company for availing the transport services by it on the basis of sub-contractor. While making payment, Can the proprietor deduct the tds on the payment to be made to the company if there is no TAN Number?
If yes, should deduct tds @ 2% on the name of the company
OR @1% on the director as he is the owner of trucks?
thanks in adv

Hi,
I have filled TDS return for Q4, FY 2018-19. In which TDS of one Contractor has been credited to another contractors PAN.
Now, How can I make correction ? Is it possible to correct the same now ?

Whether school having gross receipts below Rs. 1 Cr. which were exempt earlier U/s 10(23C)(iiiad) without any registration, are required to apply for registration U/s 12AB ??

In a single invoice
Computer Purchase -Rs. 1,00,000/-
Protection Plan -Rs. 12,500/-
Total Amount -Rs. 1,12,500/-

Please guide me the amount , rate and section on which we should deduct the TDS.

Dear All,

Our office closed on March 25th due to COVID 9 pandemic and reopened on 20th May 2020. We have received an invoice on security service which is dated 01/04/2020 (expense for Mar'2020). Usually we are deducting TDS @ 2% under sec 194 C . My query is, new TDS rates which came to effect on 14th May 2020 is applicable on this case?.

Whether we have to deduct 2% or 1.5% ? New rates applicable on the basis of invoice date or invoice received date?

Kindly advise.

Thanks in advance

Mr.A sales agricultural land in urban area and Capital Gain Rs.34 Lakhs. For claiming 54B, Mr.A purchase another agricultural land in his wife name(Mrs.A) for Rs.42 Lakhs.

query is, Mr.A claim that amount? because C.G amount invested in Mrs.A

Dear Expert,

One of the transporter get gst registration, but the dealer provide the service only to registered dealers ( RCM apply for service receiver). The transport dealer how to file GSTR 1 and GSTR 3B.

please advice me.

Thanks and Regards
S RAMESHKUMAR.

Dealer purchases input claim igst rs.37,500/- correctly.input claim igst rs.3,37,500/- wrong claimed shown in gstr3b for February,2020.
Query:
1.excess input claim modify producure ,time limit and columns number shown in gstr3b return.
2.excess input not utilisated.interest paid manadatory.